-The Hindu Unless policy action ensures higher demand and growth, India will continue on the path of a K-shaped recovery In recent times, right-leaning economists have been arguing that the Government does not need to do anything with the economy and that it will revive by itself. They call those who disagree with them, doomsday merchants. These economists reason that, like after the Great Depression, the economy rebounded worldwide, and so will...
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Making decisions under stress -Anand Damani
-The Hindu The pandemic has made it more difficult for us to think rationally The COVID-19 pandemic has caused the biggest disruption to lives since the Partition in 1947 for those in India. It has caused dramatic shifts in our personal and work lives. It has, of course, caused illness and taken away many of our loved ones. It has caused many people to lose a substantial portion of their incomes. It...
More »The effects of climate change on cyclone Tauktae in the Arabian Sea -Bibek Bhattacharya
-Mint Lounge As cyclone Tauktae develops over the Arabian Sea, it is now clear that India will see more frequent cyclones every year due to global warming It’s May, and for the second year running, a major pre-monsoon cyclone is set to make landfall in the next few days. Cyclone Tauktae in the Arabian Sea, which is currently classed as a cyclonic storm (CS) by the India Meteorological Department (IMD), is set...
More »Budgeting in a time of crisis -TCA Ramanujam
-The Hindu Keynesian economics offers guidelines for preparing the Budget The Great Depression wrecked the economies of the U.S. and Europe. In the words of Jonathan Alter, when Franklin Roosevelt became the American President in 1933, he was told: “Mr. President, if your programme succeeds you would be the greatest President in American history. If it fails, you will be the worst one”. Roosevelt replied: “If it fails, I will be the...
More »Unprecedented rise in China’s ‘market-subverting’ impact on global economy going forward: Niti Aayog -Roshan Kishore
-Hindustan Times The note, which has been reviewed by HT, paints a grim picture of the global economy going forward, does not rule out something like the Great Depression of the 1930s, and sees a rise in poverty, unemployment and debt. The Covid-19 pandemic will transform the global economic order for worse, with a “market subverting” China emerging as the alternative pole to the US, says a background note of the Niti...
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