Now, government is also contracting imports.
Claims of a spike in poverty and inequality in India during the Covid-19 pandemic are patently false as such claims are based on uncomparable different surveys, according to a paper co-authored by eminent economist Arvind Panagariya. The paper also noted that inequality fell in the country during Covid years, both in rural and urban areas as well as nationally. Panagariya, Columbia University Professor and former vice chairman of NITI Aayog and Vishal More of Intelink Advisors, New Delhi have co-authored a detailed paper 'Poverty and Inequality in India: Before and After Covid-19'.
Maharashtra Chief Minister Uddhav Thackeray announced a statewide curfew for 15 days from 8 am on April 14 to contain the rapid spread of the coronavirus in its second wave. With Section 144 being imposed across the state, Thackeray essential services have been exempted from the restrictions. The curfew will be in place till 7 am on May 1.
Cereals like millets can help alleviate malnutrition and improve public health, reports Surinder Sud.
India is expected to harvest 291.95 mt of foodgrain in 2019-20
India's near-term growth has improved: IMF
'This four-member committee cannot supersede the four-five member ministerial committees, 25 top-level government bureaucrats, with whom we have had nine rounds of discussions each of which lasted for more than six-seven hours.'
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
In a letter written recently to the Finance Minister, Pawar had said that arrears of sugar mills have risen to over Rs 10,000 crore (Rs 100 billion) and there was a need to hike import duty to curb shipments, which is putting downward pressure on local prices.
Pfizer can show the FDA approval to the Indian regulator and present a case that based on whatever data submitted, the US regulator has granted a full marketing nod, says Sohini Das.
'For them life is very difficult since there has been no universalisation of PDS.' 'And let's understand that there are people who need ration instead of cooked meals.'
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
RBI Governor Shaktikanta Das on Friday said that inflation is on a declining trajectory, as it has fallen by 170 basis points from its January 2020 peak. Retail inflation fell to four-month low of 5.91 per cent in March over the previous month, mainly due to easing food prices.
Kavitha Kuruganti has been fighting for decades to ensure farmers are respected and get their due from the Indian nation. In order to ensure they don't struggle for a living, she works to ensure sustainable farm livelihoods and farmers' rights.
Some glimpses of the Independence Day celebrations at the Red Fort
'I am sceptical of the Indian economy returning to a sustained high-growth trajectory any time soon'
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
Moody's on Thursday said the new 'inflation targeting' mechanism is a "credit positive" move.
Mr Prime Minister, good economics and the welfare of the people are always good politics. If you follow my advice, you will be enthusiastically rewarded come election time. If you fail, history will hold you responsible, warns Kalyan Singhal.
'Everybody should be given rations. Nobody should be excluded.' 'Without an income, the present ration quota is not enough.' They should increase it so that one person can eat adequately for a month.'
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of the global fee pool of $13.7 billion from IPOs.
It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.
Sitharaman said that developed countries were blaming India for the impasse at the WTO, but India convinced them about its legitimate demand.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
At a time when finding out who is paying for labourers' train tickets is a task for Sherlock Holmes, Hemant Soren's Jharkhand government has flown in stranded workers from Ladakh, and is probably the only state that has tried to give 'migrant workers' a modicum of respect, observes Debashish Chatterjee.
In a country where 35 to 40 per cent of food is not consumed, the government urgently needs to reduce wastage to an acceptable level.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
Vice-Chairman Arvind Panagariya said that India is facing a health crisis that has led to a sudden stop of the economy.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
As the COVID wave gradually shifts to rural areas, several states are gearing up to check its spread through self-proclaimed lockdowns by Panchayati Raj institutions, creating a database of migrants and providing free online medical consultation to the sick.
'UBI is a tricky subject.' 'Our worry is the government could get rid of UPA's social welfare schemes targeted at the poor.'
A day before the start of the Budget session of Parliament, as many as 18 opposition parties, led by the Congress, the Nationalist Congress Party, the Shiv Sena and the Trinamool Congress, decided on Thursday to boycott the President's address to the joint sitting of both Houses in solidarity with the farmers protesting against the new farm laws.
'The question is, how soon we can expect to re-attain the pre-lockdown levels of output and income.'
India is threatening to block the World Trade Organization (WTO)'s trade facilitation agreement (TFA) reached at Bali last year unless its agricultural policies are permanently excluded from multilateral scrutiny.
'Rolling out the vaccine is not a major challenge in India.'
Prime Minister Narendra Modi will launch his dream 'Swachh Bharat' campaign on Thursday.
The government had last year excluded those with an annual income of more than Rs 10 lakh from LPG subsidy
Popular sweetmeats are costing a staggering 35% more on spike in sugar prices, veggies are up due to intermittent rainfall the past one week
Coal Secretary Anil Swarup has been appointed as school education secretary.
Sheela Bhatt reports from Firozabad, the country's centre for glass bangles, on what life is like for its workers in the wake of the national lockdown.
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