Scientists expose the cold heart of landfalling hurricanes eurekalert.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurekalert.org Daily Mail and Mail on Sunday newspapers.
A second wave of Covid has set back India's
fragile economic recovery. The Board of India Today Economists weighs in on what it will take to get things back on track - Issue Date: Jun 14, 2021
ISSUE DATE: May 10, 2021
UPDATED: May 1, 2021 20:06 IST
MUMBAI HALTS: The road outside Chhatrapati Shivaji
Maharaj Terminus during the ongoing lockdown (Milind Shelte)
In his address to the nation on April 20, Prime Minister Narendra Modi urged states to think of lockdowns as a means of last resort. Within a week, though, faced with a runaway spiral in Covid cases, Maharashtra, Delhi, Gujarat and Karnataka were forced to do just that, while Punjab, Chhattisgarh, Rajasthan and Haryana had to impose night and weekend curfews.
Already reeling from the after-effects of the nationwide lockdown last year, Maharashtra was forced to announce an extension of its calibrated lockdown till May 15. It’s the largest state in terms of GSDP (gross state domestic product) and contributes 14.2 per cent of the national GVA (gross value added). In FY21, the state’s economy contracted 8 per cent in real terms and 5.6 per cent in nominal terms. Soumya Kanti Ghosh, chief economic advisor at State
Indiaâs top economic policy think-tanks and the changes in their leadership
World Bank economist Deepak Mishra was appointed director & chief executive of ICRIER. NIPFP made 2 changes last year, while NCAER is looking for a new chief.
Kairvy Grewal 17 March, 2021 2:01 pm IST Text Size:
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New Delhi: World Bank economist Deepak Mishra was appointed as the next director and chief executive of Indiaâs leading think-tank Indian Council for Research on International Economic Relations (ICRIER) Monday. The move comes at a time when several other economic policy think-tanks have witnessed a change in their top leadership.
The National Council of Applied Economic Research (NCAER) has also announced a selection process for a new director general, who will take over after incumbent Shekhar Shahâs term ends in 2021. The think-tank hasnât specified when exactly Shahâs term ends.
Liberal tariffing needed: think tanks
The 2021-22 Union Budget’s bet on pushing infrastructure spending to revive the economy faces implementation risks and it may have been better to combine it with some income support for those worst affected by the pandemic, economists at leading think tanks said on Monday.
The rising tendency towards protectionism doesn’t sit well with India’s objective of attracting more foreign direct investment and integrating with global value chains, and a liberal tariff policy maybe more effective, argued Rajat Kathuria, director and chief executive of the Indian Council for Research on International Economic Relations (ICRIER).