COVID-19 induced lockdown is a voluntary cessation of economic activity, Prof Arun Kumar, one of India’s most eminent economist, said while addressing the audience in a Distinguished Lecture #WebPolicyTalk organized by Impact and Policy Research Institute (IMPRI), New Delhi on Socio-Economic Impact of Coronavirus Pandemic in India held on October 7, 2020. Prof Kumar is … Continue reading Deflationary situation, issue COVID-19 bonds to immediately raise money: Prof Arun Kumar
Category: Economy
By Moin Qazi* While a global pandemic has been a looming risk for decades, COVID-19 has sent shockwaves through societies, economies, health systems and governments around the world. The pandemic has revealed both the fragility of our social security and welfare delivery systems and the need to come up with resilient, long-term solutions and more … Continue reading A closely watched metric, GDP paradox should be revisited amidst Covid-19
By Bhabani Shankar Nayak* Prof John Weeks, widely admired development economist passed away on 26th of June 2020 at the age of 79. His death is a blow to many friends, comrades, colleagues, students and fellow progressive economists. He was born in Austin, educated in Texas and Michigan, lived and worked most of his professional … Continue reading John Weeks, who humanised economics as discipline, questioned the power of capital
By Prof Balwant Singh Mehta, Prof IC Awasthi, Dr Simi Mehta, Prof Bharat Singh, Prof Soumyadip Chattopadhyay, Prof Nitin Tagade, Rahul Ranjan, Dr Arjun Kumar* MSME sector is the second largest employment creator after agriculture in the country, and provides employment to 120 million people through 36 million enterprises. It contributes around 31% to the … Continue reading Surviving the pandemic: Time to boost MSME sector for the sake of inclusive growth
Comments submitted by independent researchers Meenakshi Kapoor and Krithika A Dinesh, independent researchers, working on environmental regulation and policy matters for years, to Rameshwar Prasad Gupta, Secretary, Ministry of Environment, Forest and Climate Change, on the Draft Environmental Impact Assessment Notification 2020: On March 23, 2020, the Ministry of Environment, Forests and Climate Change issued … Continue reading Draft EIA notification’s dangerous precedent: It allows projects to start operating, then have post facto EC
By Thomas Franco* As per Oxfam Inequality Report 2019, India’s bottom 60% have 4.8% of the wealth whereas the top 10% own 77.4% of the wealth. The bottom 60% have only 5.1% of wealth whereas the top 20% have 85.4% of the wealth. As per the statement of the Finance Minister the country has 80 Cr … Continue reading How banks in India have contributed to increasing inequality through government intervention
Manju Menon, Kanchi Kohli* The Modi government has been trying very hard to persuade all TV viewers that we are not in the midst of a COVID-19 pandemic mismanagement disaster. The Union finance minister’s delivered a five-part presentation recently on a plan for economic revival. This plan to pump up the economy through loans and … Continue reading Ecology needs to underpin welfarism. We must discard economic growth addicted to GDP
