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Desperate economic situation calls for immediate boost to government expenditure -Prabhat Patnaik

-National Herald Universal cash transfer to non-income tax households is imperative apart from covering investment on infrastructure, including social infrastructure like Healthcare A striking aspect of the 24 per cent decline in GDP in the first quarter of 2020-21 compared to the previous year’s first quarter is the decline by 10.3 per cent in public administration, defence and other public services. This is a sector where the GDP is estimated not by...

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India should opt for income support so that pandemic does not turn into a financial crisis -Jahangir Aziz

-The Indian Express What is needed is ample income support for households and firms now so that the recovery is not hamstrung by excessively damaged balance sheets Even a cursory reading of Brazil’s recent history will confirm that the adoption of the all-encompassing cap on government spending in late 2016 was critical in rescuing the economy from the crisis of 2014-16. After riding the commodity boom of the 2000s, economic mismanagement and a...

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No data of dead Healthcare staff: Harsh Vardhan

-The Tribune After failing to come up with data on the number of migrants killed while making their way back to villages, the government said it did not have the complete data on the number of Healthcare staff, including doctors, nurses, support staff and ASHA workers, who have been affected by and died of Covid. However, the government said kin of 155 Healthcare staff, including 64 doctors, had sought relief under...

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No Data On Migrant Deaths, So No Compensation, Says Government: 10 Points -Sunil Prabhu

-NDTV Parliament Session: The ministry, however, admitted that more than 1 crore migrants made their way back to their home states from various corners of the country. New Delhi: There is no data on migrant deaths so the "question does not arise" of compensation, the Union labour ministry said in parliament on Monday to a question on whether families of those who had lost their lives while trying to reach home in...

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Tumbling down -Renu Kohli

-The Telegraph The slump in the GDP and the pain ahead The -23.9 per cent shrinkage in the April-June GDP is not a surprise as nearly half the period witnessed a national lockdown. It’s also not surprising that this loss is the world’s steepest for India’s lockdown was the most stringent and the accompanying fiscal policy response the weakest. But the quarter per cent slump did surprise most analysts who have since...

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