Wednesday, 26 January, 2022
TopicEconomic slowdown

Topic: economic slowdown

Kerala CM Pinarayi Vijayan announces 100-day action plan to counter economic slowdown

To combat the slowdown triggered by second Covid wave, the plan will focus on increasing agricultural production, generating quality employment and augmenting health infrastructure.

Incomes of Indians were shrinking even before Covid, pandemic will only make it worse

Tax returns filed by those earning above Rs 50 lakh has seen a contraction of nearly 21%. Those earning between Rs 20 lakh-Rs 50 lakh saw an 8% fall.

India’s medium-term growth to slow to around 6.5% after initial rebound, says Fitch

Fitch said a combination of supply-side scarring and demand-side constraints will keep the level of GDP well below its pre-pandemic path.

Indian economy to contract by 7.7% in 2020-21, its worst ever decline, NSO estimates

Construction, manufacturing, mining & services industry like hotels and transportation are to be the worst hit, says first advance GDP estimate released by the National Statistical Office.

Adhir Chowdhury urges Speaker for Parliament winter session to discuss Covid, farmers protest

Congress' Adhir Chowdhury wrote to Om Birla, saying Parliament needs to discuss ‘notable’ issues like the farmers’ agitation, Covid vaccine status, and economic slowdown. 

Comparison between India and Bangladesh GDP misleading — former chief economic advisor

In a Twitter thread, Arvind Subramanian said that GDP per capita is only an estimate for one indicator of the average standard of living or welfare in a country.

Demonetisation, GST, lockdown sans relief dealt body blow to Indian economy — Raghuram Rajan

At ThePrint's OTC, the former RBI governor said if huge levels of debt and financial distress hold back the economy, it will be a lost decade for growth.

MSMEs slowly get back on their feet, but liquidity problems, shortage of orders & labour remain

A survey has found that 9% of MSME units were shut as on 1 August on account of the Covid-19 pandemic as opposed to 13% in June and July.

RBI’s March rate cut was biggest surprise in history of monetary policy panel, paper says

India’s rate-setting panel is due to meet in the first week of August as the economy heads toward its first annual contraction in more than four decades.

India could emerge as the global power the world has been waiting for after Covid

India needs strong leadership & decisive action to strengthen its economy and military power. Platitudes and appeals to nationalism are not enough.

On Camera

YourTurn

File photo of Russian President Vladimir Putin in Moscow | Photo: Andrey Rudakov | Bloomberg

How Vladimir Putin keeps everyone guessing

Over the years, Putin has always had the upper hand tactically vis-à-vis the West because he’s had what’s called escalation dominance. But experts say he may have gone a big step too far.
AU Small Finance Bank Managing Director and Chief Executive Sanjay Agarwal. | Photo by special arrangement

MSME sector requires hand-holding, Budget measures needed: AU Small Finance Bank MD & CEO

The sector has faced continued distress since the Covid-19 pandemic struck in March 2020. Govt data says about 9% of MSMEs shut down due to the pandemic.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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