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Topic: Indian Economy

Is talk of lifting lockdown premature or is it necessary to allow some economic activity?

As the Narendra Modi government considers the option of extending the Covid-19 lockdown beyond 14 April, concerns around its impact on the economy are growing.
File image of former finance secretary Subhash Chandra Garg | Photo: Suraj Singh Bisht | ThePrint

Ex-IAS officer says lockdown will cost India Rs 8 lakh crore, spells out recovery road map

Former finance secretary Subhash Chandra Garg, suggests a Rs 2 lakh crore support package from the govt for small business.
Former RBI governors Urjit Patel (left) and Raghuram Rajan | Image: ThePrint Team

Raghuram Rajan says Covid-19 greatest emergency for Indian economy, Urjit Patel advises caution

Ex-RBI governors write on multiple aspects of the economic impact of coronavirus, and recommend some steps for Modi govt & RBI to take.
Workers at a spice factory in Pune

Covid-19 crisis is choking India’s MSME sector. Business won’t pick up even after lockdown

Countries such as US, UK, Germany and China have announced quick relief for small companies. Perhaps finance minister Nirmala Sitharaman missed a trick or two.
People line up outside a grocery store to buy supplies Wednesday | Photo: Manisha Mondal | ThePrint

Urjit Patel says keep finances healthy, Raghuram Rajan on restarting economy post lockdown 

Today’s political, economic & strategic punditry from Raghuram Rajan, Urjit Patel, Kaushik Basu, Ashima Goyal and many others.
The coronavirus pandemic is expected to cause both demand and supply shocks in the global economy (representational image) | Photo: Manisha Mondal | ThePrint

How India can buck the trend of global recession caused by coronavirus

Social distancing is our best bet against coronavirus, but will sharpen the impact on the world economy. India is better placed than many developing countries.
Marketplaces in Kalaburagi are deserted due to the COVID-19 lockdown | Photo: By special arrangement

India needs package of Rs 5 lakh crore to save businesses from collapsing due to Covid-19

Govt’s fiscal package has so far targeted non-workers. Present situation calls for major fiscal support to be extended to affected businesses & workers.
A cashier counts Indian rupee bank notes. | Photographer: Dhiraj Singh | Bloomberg

Why Rs 1.7-lakh crore relief package may not mean an equivalent fiscal hit in 2020-21

Some of the expenditures announced by the Modi government have already been accounted for in the Union Budget presented in February.

Covid-19: Devi Shetty says MCI can give India 1 lakh doctors, Katju wants PM-Opposition unity

Today’s political, economic & strategic punditry from Devi Shetty, Arun Maira, Jean Dreze, Vivek Katju & many others.
Nirmala Sitharaman

Sitharaman promises economic package ‘soon’, but eases norms for businesses and taxpayers

Firms get relief on tax returns, company law compliance, and triggering of insolvency proceedings. Regulators are monitoring the markets and economy, assures the FM.

On Camera

A pedestrian crosses a nearly empty street in the Times Square neighborhood of New York, US | Bloomberg

We must not return to work for now. Covid’s not over yet, says a virologist in letter to son

If everyone goes back to work as soon as the ‘curve bends downwards’, it's guaranteed you'll get a second wave of infections in Europe.

Is forcing private labs to make Covid-19 tests free the only way to stop spread of infection?

The Supreme Court directed the central government to make Covid-19 testing by private laboratories free of charge Wednesday.

Defence

Col Navjot Singh Bal | special arrangement

Col Navjot Singh Bal, Shaurya Chakra awardee and icon for many, loses battle with cancer

Despite losing an arm to cancer, Col Navjot Singh Bal continued to serve in 2 Para as the commanding officer and even learnt to fire with his left hand.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.