As India marches from one economic disaster to another, policy and planning appear to be victims of whims and fancies as and when they strike

This is a nebulous idea designed to mean anything and everything under the sun without the burden of economic logic, facts and evidence

Bihar Election 2020 Vote Counting Live Updates: Bihar election officer HR Srinivas says of the total 4.10 crore votes cast, 92 lakh counted so far. The counting of votes to have around 35 rounds; will go on till late evening

The economic crisis following the pandemic and untimely national lockdown have been used by both the central and state governments to push through unilateral measures that undermine workers' interest by dismantling critical protections

Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

Findings of several global studies reflect the fragile nature of existing policies and programmes aimed at eliminating poverty and hunger and call for rethinking economics to ensure sustainable and enduring outcomes

In this second and concluding part, the focus is on why GDP came to measure the quantity of goods and services produced, ignoring social and environmental costs such output imposes on society

The fundraising for its 1st COVID-19 Distressed Opportunities PMS offering (PDOF I) was carried out entirely through its online platform without distributors or middlemen

For a republic at work since 1947, decisions on issues of national importance without prior consultation with experts, opposition parties, state governments and other stakeholders are not only inconceivable but come with consequences that could be easily avoided

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka

The non-payment of dues is despite repeated government announcements to not deduct wages or lay off workers amid the coronavirus lockdown

The 1929 and 2007-08 financial crises have amply demonstrated how unbridled growth of liquidity and household credit caused havoc in people's lives and economies. Pushing for more of the same at the time of massive loss of jobs and incomes is not such a good idea

For a variety of reasons, around 30 per cent of agricultural households still find it easier to avail credit from non-institutional sources, despite significantly higher rates

In the post-industrial democratic era, they have benefited immensely from the public provisioning of health and education that produces quality labour, infrastructure, natural resources, tax incentives, loan write offs (NPAs), bailouts, stimulus packages, and much more. Yet increasingly they use tax havens, shell companies and other tools to evade and avoid paying back

While widespread poverty and inequality have reduced the capacity of a large population to survive the crisis of health and livelihood, the Indian government needs to get its priorities right to deliver what is expected of it

Corona lockdown extension live updates: Centre extends coronavirus lockdown till May 17; Home Ministry issues guidelines for restrictions and relaxations in different zones across India

Getting the basics right holds the key. This would involve first acknowledging that a large population has lost incomes, savings and jobs and second, consumption drives the economic growth which had already been weakened even before the pandemic hit

More than the accumulation of scientific, technological and economic capital, it is their deployment for safety and well-being of the masses that determines how effective the counter to the current and future pandemics would be

Three quick policy measures can be taken to ensure income and credit flows: direct procurement, direct cash transfers to farmers as well as landless labourers and interest subvention through cash transfers and in KCC mode