The Great Depression was not simply the stock market crash of 1929. It brought profound cultural, social, and political changes to the world, from Minneapolis to Mumbai.
The Bloomberg’s Misery Index tallied inflation and unemployment outlooks for 60 economies. Almost all the economies surveyed are projected to be more miserable this year.
How many migrants will risk another life-and-death experience? Will employers be forced to offer better terms to get them back? The future invites many questions.
IMF predicts the worst recession for world economy since Great Depression due to the Covid pandemic. India’s situation is more precarious with a ‘masterstroke’ Modi at helm.
IMF’s outlook is for partial recovery in global economy in 2021 if pandemic fades in second half of this year to allow a gradual lifting of containment measures.
Cooperation Ministry takes a step towards financial inclusion with Sahkar DigiPay and Sahkar DigiLoan. They will enable faster and seamless access to financial services in small towns.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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