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Ignoring warnings of a third COVID-19 wave, Indian government eases restrictions


Ignoring warnings of a third COVID-19 wave, Indian government eases restrictions
Just weeks after the devastating second wave of COVID-19 peaked, Indian Prime Minister Narendra Modi’s government and state government are easing the already limited restrictions, paving the way for another disaster. These moves are a continuation of the Indian ruling elite’s decision, from the outset of the pandemic, to place big business profits above human lives.
India’s total COVID-19 cases are now over 30 million with the death toll nearing 400,000. Despite a relative decline, the number of daily cases and deaths is still very high at around 50,000 and just over 1,000 respectively down from 400,000 and 4,000 at the height of the second wave. Coronavirus infections, however, are expected to surge again with the spread of new Delta and Delta Plus variants. The ministry of health figures are widely regarded as gross underestimates. ....

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India easing lockdowns on cases and not vaccines risky strategy: UK study

India easing lockdowns on cases and not vaccines risky strategy: UK study
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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Indian monetary policy makers seen tolerating high inflation for growth


Indian monetary policy makers’ intolerance for an inflation rate higher than their 4% medium-term target will probably only stay on paper.
In reality, economists see the Reserve Bank of India grin and bear price pressures as it seeks to help Asia’s No. 3 economy recover from one of the world’s worst coronavirus outbreaks. The RBI has chosen to look through a recent surge in inflation because it was supply-side driven, and will only turn persistent when demand kicks in, Deputy Governor Michael Patra said at a briefing June 4.
While the wholesale price print due later Monday will probably make for another grim reading, retail inflation is seen hovering above the 5% mark for the third out of five months this year. Monetary policy makers ignored the acceleration and earlier this month retained an “accommodative” stance for as long as needed to restore growth on a durable basis. ....

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