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India’s sprinting recovery faces some final hurdles going ahead
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Capital spending has a higher growth multiplier effect and public spending results in crowding-in of private capex.
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Bank balance sheets are still stuck with legacy bad assets and this could impact India’s revival
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The recent improvement in high-frequency data has boosted the prospects of India’s economic recovery. Electricity consumption, freight, commercial vehicle sales, manufacturing output and imports have all reached pre-pandemic levels. While rejoicing is warranted, analysts have begun to flag risks that lie ahead.
Policy measures from both the government and the Reserve Bank of India (RBI) have provided enabling conditions for the recovery to gain traction. So, what could go wrong?
Amid second wave scare, Centre rushes high-level team to 10 states and UT in fight against Covid-19
A health worker collects swab samples during a door-to-door screening for Covid-19
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The three-member multidisciplinary teams are headed by joint secretary-level officers in the Union health ministry
India s total tally of Covid-19 cases surged to 1,10,30,176 with 13,742 new infections on Wednesday
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The central government has deputed high-level multi-disciplinary teams to states and Union Territory that have seen a surge in Covid-19 cases.
The teams have been sent to Maharashtra, Kerala, Chhattisgarh, MP, Gujarat, Punjab, Karnataka, Tamil Nadu, West Bengal and Jammu and Kashmir.
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197 people missing, 20 dead in Uttarakhand flood: Amit Shah
Briefing the Upper House on the Uttarakhand disaster, Union home minister Amit Shah said that as many as 197 people are missing while 20 have died in Sunday s avalanche and flash floods in the state.
He said the figures received from the state government may change and the situation is being monitored round-the-clock at the highest level by the Centre and Prime Minister Narendra Modi himself.
Shah told the Rajya Sabha that the rising water levels washed away the functional Rishiganga small hydro project of 13.2 MW and also affected the under-construction 520 MW NTPC Hydro Power Project at Tapovan on the downstream of the Dhauli Ganga river.