In conversation with India Today TV, Nobel laureate Abhijit Banerjee discussed the economic implications of COVID-led lockdown and ways in which economic growth can be stimulated in the upcoming budget. The discussion revolved around the Oxfam report on  rising income inequality among people especially after COVID, when Indian billionaires' wealth rose by up to 35 per cent while 84 per cent households suffered some form of income loss. Watch the video for Banerjee's suggestions on bridging this income gap.

Six rounds of talks have taken place between the protesting farmers and the government, but a complete consensus is yet to be reached. While protesting farmers want the three laws to be scrapped permanently, the government seems to be in no mood to withdraw the reforms. Nobel laureate Abhijit Banerjee and Arvind Panagariya shared their views on the farm laws and the current standoff between the protesting farmers and the government.Also Read: COVID-19 pandemic hamstrung global economy in 2020; IMF estimates 4.4% contraction

Adani Group says that the company's job is to safeguard the produce and to safely transport it to its destination. It says that they have never exploited the farmers through contract farming

PM Modi speech: Agriculture experts, economists and progressive farmers have been demanding the farm reforms, said PM Modi to MP farmers through video conferencing

The theme of the ASSOCHAM programme will be 'India's resilience: Atmanirbhar roadmap towards $5 trillion economy'

Bharti Enterprises chairman Sunil Mittal has said that the company might upgrade its payments bank to SFB to attract large depositors

Abhijit Banerjee added that this might be a good time for the government to say that they hear the farmers -- not agree with them -- but hear them and withdraw the laws till a parliamentary discussion can be held

Kamal Haasan questions PM Modi, asks rationale behind new Parliament building; Mexico 5th nation to approve Pfizer-BioNTech vaccine for emergency use; Average time spent on smartphone up 25% to almost 7 hours amid pandemic. Watch this and more news on News Blast.

Foreign banks, capital from abroad can remedy India's bad debt: Abhijit Banerjee As discussion continues whether private players should be allowed in the Indian banking space, Nobel laureate Abhijit Banerjee pointed out how foreign participation can save the bleeding sector. Banerjee said that Indian banks need a huge capital infusion to stay viable that can come easily from foreign sources. Banerjee noted that once we take on the view that the banking sector needs more private ownership, r...

Noting the delay in the filing of the appeal, a bench headed by Justice S K Kaul said there was not even the \"courtesy\" of setting out the dates as to how the files had moved

Banerjee noted that once we take on the view that banking sector needs more private ownership, restricting it to Indian ownership will be a mistake

The Massachusetts Institute of Technology (MIT) professor said that India is already slower than other countries at opening schools. He cautioned that this is a potentially frightening scenario since there is already massive inequality in the country.

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

American economists Paul R. Milgrom and Robert B. Wilson have been awarded Nobel Prize 2020 in Economic Sciences for their contributions to auction theory and inventions of new auction formats

Using the auction theory, the researchers try to understand the results of different rules of bidding and final prices

Mukesh Ambani, Chairman of India's most valued firm Reliance Industries, has topped the list of richest Indians for the ninth consecutive year, with a net worth of Rs 6,58,400 crore; The government has expressed concerns that the COVID-19 outbreak might get worse during the festive season followed by the winter season; Nobel Laureate Abhijit Banerjee on Tuesday said India is among the worst performing economies in the world and the government's economic stimulus was inadequate to tackle the problem. Watch this and more on News Blast.Also Read: Is fiscal stimulus on cards by Diwali? FM Sitharaman has this to say

Amid the economic slowdown owing to the ongoing coronavirus crisis, expectations are high about the next fiscal stimulus by the government

COVID-19 impact: Large companies maintaining digital transformation budgets, says TCSA significant number of large enterprises have either maintained their digital transformation budget or increased it even as the COVID-19 pandemic as impacted revenue of businesses globally, according to a survey by Tata Consultancy Services (TCS). Prior to the pandemic, the average organisation surveyed had only 9 per cent of its workforce working mostly from home. That percentage has increased seven-fold a...

Speaking at a virtual event, Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit as real GDP growth had moderated from 7 per cent in 2017-18 to 6.1 per cent in 2018-19 and 4.2 per cent in 2019-20

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