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The structure of India’s labour markets exacerbated the crisis of migration last year. Institutional reforms will he
The tragic reverse migration, in the aftermath of the lockdown last year, is seen largely as a policy failure. The episode, however, also revealed deeper institutional weaknesses in the labour market. While working reasonably well during periods of normalcy, these weaknesses became our Achilles Heel in a crisi
What are economic institutions and why do their weaknesses matter? Plainly put, economic institutions are the underlying structures the nuts and bolts that enable economic activities in general, and public policies in particular, to work properly. Some institutions work at macro- or economy-wide scale, such as the legal infrastructure, which ensures property rights or contractual obligations. Other institutions may be more specific, such as the Insolvency and Bankruptcy Code (IBC), which ensures smoother working of the
In spite of recovery, Indian economy to be hardest hit due to Covid-19 predicts new OECD report scroll.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scroll.in Daily Mail and Mail on Sunday newspapers.
High inflation and Covid-19 are forcing the poor in India to dip deeper into their savings
Economists warn that rising prices may hamper future economic recovery because households would have no money to spend. Punit Paranjpe/AFP
Gaurav Kumar Sharma is a heartbroken man. After the lockdown upended his livelihood for more than two months, he was relieved when things slowly returned to normal: shops and markets reopened, and people began stepping out of their homes. But as food inflation spiked due to supply chain disruptions caused by the lockdown, Sharma, 43, who drives an autorickshaw in New Delhi, said that all his hope has turned into gloom.
India s Poor Are Eating Into Their Savings, Thanks To High Inflation & COVID-19 indiaspend.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaspend.com Daily Mail and Mail on Sunday newspapers.
Macro Minutes podcast | RBI should be allowed to monetize the most productive part of the deficit: Sabyasachi Kar
Sabyasachi Kar, the RBI Chair Professor at the National Institute of Public Finance and Policy, speaks on India s fiscal and monetary policy going ahead. December 24, 2020 / 05:52 PM IST
In this episode of the Macro Minutes podcast, Moneycontrol s Arup Roychoudhury talks to Sabyasachi Kar, the RBI Chair Professor at the National Institute of Public Finance and Policy, speaking on India s fiscal and monetary policy going ahead.
Kar says that the govt should keep the current inflation target for the Monetary Policy Committee for another year, and that RBI should be allowed to monetize part of capital expenditure.