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India’s descent into stepwells of growth -Kaushik Basu

-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s growth in the coming year from -5.8% to -8.5%....

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Why farmers are not cheering their exceptional feat this kharif season -Richard Mahapatra

-Down to Earth Highest rice acreage in six years, more farmers in farms, a bounty monsoon and an expected bumper harvest don't enthuse farmers as their earning dips   It is a piece of news that everybody would love to cheer about, except those who made this possible. The current kharif season is exceptional. In comparison to last year, over eight million more hectares of farms are under cultivation this season. There are more...

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The RTI regime failed India during Covid-19 -Yashovardhan Azad

-Hindustan Times Responses have been elusive on critical issues, including health care infra, PM Cares fund, schemes, and migrants In the lethal jaws of a pandemic, when lives and livelihoods are at stake, the information law of a democracy is expected to live up to its responsibilities — to empower the citizens and to ensure transparency and accountability. Free flow of information is an essential component of crisis management. And this is...

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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of coronavirus pandemic on economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing economic and...

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FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra

-The Indian Express It is unclear why the government initially assured the RBI that RBI "alone" will issue electoral bonds as it could not do so under Section 31(3) of RBI Act. On Tuesday, replying to a question in Rajya Sabha raised by DMK’s Tiruchi Siva about what the Reserve Bank’s “indirect” approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: “RBI, being a stakeholder, was involved in...

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