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The Indian Economy on The Verge Of Collapse -Prabhat Patnaik

-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the Lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...

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Retail inflation to come down with easing of Lockdowns: CEA

-PTI/ The Hindu “Overall, the difference between wholesale and retail inflation is primarily due to supply-side factors which should decrease and therefore going forward even the retail inflation should ease,” Mr. Subramanian said. Attributing the rise in inflation to supply-side frictions, Chief Economic Adviser K V Subramanian has exuded confidence that retail inflation will come down in the days ahead with the easing of Lockdowns. According to the government data, retail inflation rose...

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Explained: UP, Bihar, Bengal see biggest jump in new NREGA job cards -Harikishan Sharma

-The Indian Express Consider this: From April to August, over 83 lakh additional households or 1.6 crore persons joined the NREGA labour force by getting job cards, taking the number of families under the scheme to an all-time high of 14.36 crore. This summer, as millions of migrants returned to their villages amid a rise in Covid cases, another chart climbed steadily: the number of households enrolled under the Mahatma Gandhi National...

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Rural distress looms: dip in crop prices, remittances; rising Covid cases -Aanchal Magazine, Sunny Verma and Anil Sasi

-The Indian Express While the over 3% agriculture growth in the first quarter factored in strong Rabi procurement, with high-price realisations getting reflected in the output numbers, fresh data from mandis indicate a slide in the prices of the intercrop produce — horticulture, milk and poultry etc. The rural sector may have held out the only sliver of hope amid the broader collapse in the first-quarter GDP numbers but there are fresh...

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Farmers protest in Haryana and Punjab: All you need to know -Shankhyaneel Sarkar

-Hindustan Times Farmers fear that the ordinances will disrupt the mandi system of marketing and also hamper the selling of products at minimum selling Farmers in Haryana and Punjab have been protesting against three ordinances passed by the Centre. The protests began on Thursday when the Bharatiya Kisan Union (BKU) staged a rally and blocked National Highway 44 near Kurukshetra. The farmers were charged by the Haryana Police for not following Covid-19...

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