BUSINESS
RBI report says second wave caused Rs 2 trillion hit to economy and defends quote fests
The State of the Economy report says the Indian economy will not only bounce back from the pandemic but will unshackle itself from pre-existing cyclical and structural hindrances
BUSINESS
RBI has no option but to ignore inflation now to support the recovery
The spurt in inflation in May has been exacerbated due to the local lockdowns, but even core inflation has gone up and inflationary expectations are already very high
ECONOMY
Wary of inflation? A bit of it is actually good for growth
Trying to push inflation down to the 4 per cent level has a cost by way of lower growth
BUSINESS
New corporate tax deal: A tectonic shift in the global economy?
With the G7 agreement on a global minimum corporate tax rate, we could be seeing a new phase of Karl Polanyi’s ‘double movement’
BUSINESS
Unemployment in South Asia will remain higher in 2022 than in 2019, says ILO
Income support policies, the ILO says, are needed for the vulnerable. Could increasing capital gains tax help?
BUSINESS
India’s manufacturing sector continued to expand marginally in May despite the lockdowns
The Monetary Policy Committee will have to consider rising inflation in manufactured goods prices
BUSINESS
In the January-March 2021 quarter, growth climbed to the pre-pandemic level
If we leave out the agriculture sector, then growth in the non-farm sector of the economy in Q4, 2020-21, was 3.8 per cent, well above the 3.1 per cent growth in the non-farm sector in Q4, 2019-20.
BUSINESS
Ten things to look for in the Q4 GDP numbers
We already have the government’s earlier estimates for Q4 growth, which are likely to be exceeded. But we can draw no conclusions about the trend, as the second wave will badly hit growth for at least a quarter
BUSINESS
RBI’s annual report warns of the risks of a bubble in equity markets
The annual report looks at the widening gap between stretched asset prices and the weak real economy
INDIA
The farmers’ agitation is the last gasp of the old order
Clearly, cynical political reasons are at work behind the farmers' protests and the support given by the opposition.
BUSINESS
Growth in developed economies comes roaring back in May, but so does inflation
As the second wave ebbs in India and the regional lockdowns are eased, will the economy rebound in similar fashion?
BUSINESS
If there is one toolkit the govt must pay attention to, it's the IMF’s vaccination plan
The US alone has 80 million surplus doses available to donate as of April 2021 and this surplus stockpile will grow to around 350 million doses by the end of August 2021. That makes foreign minister S Jaishankar’s trip to the US of crucial importance in easing India’s vaccine shortage
BUSINESS
Wholesale price inflation for April at decade high, but unlikely to affect RBI’s accommodative stance
With higher food and fuel prices, wholesale price inflation may rise even more in May.
BUSINESS
RBI report warns of demand shock to economy
Report says that those most affected by the second wave need policy support and the central bank stands ready to do more
BUSINESS
US inflation gives markets a scare
US retail inflation for April has been very high, but in India the second COVID wave ensures that growth continues to be the primary concern
BUSINESS
What lies beneath Moody’s update on India’s credit rating
India’s rating on ESG (Environment, Social and Governance) parameters is ‘Highly Negative’
BUSINESS
India and China have broken a 500-year jinx
A recent paper by Arvind Subramanian et al says developing nations are catching up with the advanced economies
BUSINESS
It’s not just weak State capacity that hobbles India’s fight against COVID
The reason why public healthcare is not funded is it’s not high on the government’s list of priorities
BUSINESS
Moneycontrol Pro Weekender | Where wealth accumulates, and men decay
While the virus rages no end, asset valuations are skyrocketing on the back of ample liquidity and low interest rates
BUSINESS
Who benefited from the recovery and who did not?
A report from Azim Premji University says 'if India is not to let its people down so badly again in the future, a much stronger and more comprehensive system of social protection must be put in place over the next few years'
BUSINESS
PMI data for April show Corporate India’s resilience
Everything depends on how long the second COVID wave continues
BUSINESS
Manufacturing PMI: Production and new orders were affected in April, but exports provide cheer
Inflation in manufactured goods prices the fastest in last seven years
BUSINESS
Why Amartya Sen’s thesis of democracy averting famines doesn’t apply to the fight against the pandemic
Unlike a famine which makes it to the front pages of newspapers, there is very little interest about the systematic underfunding of public health
BUSINESS
RBI’s chicken soup for the economy’s soul
The RBI’s state of the economy report enlists Benjamin Franklin, Fyodor Dostoyevsky, Paulo Coelho, Barack Obama, Shakespeare and a host of lesser luminaries to drive home a message of relentless positivity
