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Do We Really Know Why COVID-19 Spikes In Some Places? -Rukmini S

-IndiaSpend.com Chennai: About 10 months, nine million cases and over 130,000 deaths later, India does not yet know enough about why the SARS-CoV-2 virus that causes COVID-19 affected whom it did, and how it did that. There is wide variation in the spread of COVID-19 between states. Areas with higher population density are expected to have more cases, but varying testing rates could be affecting case detection. While the elderly and those...

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Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath

-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...

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What is a bank moratorium, and when does it come into play? -K Bharat Kumar

-The Hindu * When does the Reserve Bank of India intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...

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Odisha’s Bonda tribe sees rise in ‘distress migration’ -Satyasundar Barik

-The Hindu While the youth have abandoned villages for work in distant towns, children have dropped out of schools after pandemic Andrahal: Perched at a height of 3,500ft above sea level in the hilly Malkangiri district of Odisha, this village is difficult to access and so are its inhabitants — the Bondas, a particularly vulnerable tribal group, known for their secluded lives away from the mainstream. However, the lack of access has not...

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Why Recovery at Cost of Worker Immiserisation Won’t Last Long -Prabhat Patnaik

-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...

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