Home » Publication » Weekly Updates on Indian Economy (Earlier Versions) » 09 - 15 May, 2020
Weekly Updates on Indian Economy
(09th May 2020 to 15th May 2020)
National Accounts and state of the economy
COVID-19: Global Economy Could Witness Losses Worth up to $8.8 Trillion
https://thewire.in/economy/covid-19-global-economy-could-witness-losses-worth-up-to-8-8-trillion
How Much Will Sitharaman’s Plan for Migrant Workers and Farmers Really Help?
https://thewire.in/economy/nirmala-sitharaman-migrant-workers-farmers
India Needs Fiscal Stimulus, Not Liquidity Infusion
https://thewire.in/economy/liquiduty-fiscal-stimulus-covid-19-relief
FM’s Liquidity Booster is Welcome, But Now Attention Must Turn to Reviving Demand
https://thewire.in/economy/liquidity-boos-welcome-revive-demand
Why the Fiscal Damage of the Government's Latest Economic Package is Not That High
https://thewire.in/economy/fiscal-costs-stimulus-package
Ensure That Changes to Indian Labour Laws Adhere to Global Standards: ILO
https://thewire.in/labour/ilo-india-labour-laws-covid-19
An Economic Storm Is Going to Devastate Latin America Very Soon
https://thewire.in/world/an-economic-storm-is-going-to-devastate-latin-america-very-soon
In First Round of Stimulus, Sitharaman has Leaned on Banks and PSUs to Deliver the Goods
https://thewire.in/economy/economic-stimulus-nirmala-sitharaman-banks-psu
India Needs a Big-Bang Stimulus, Not Sermons on How There Is No Free Lunch
https://thewire.in/economy/india-big-bang-stimulus-revival
Is Govt Spending the Panacea for India's COVID-Induced Economic Woes?
https://thewire.in/economy/modern-monetary-theory-economic-crisis
COVID-19 impact: Informal economy workers excluded from most govt measures, be it cash transfers or tax benefits
Coronavirus: Six crore people between the ages of 20 and 30 lost jobs in April, shows CMIE data
Covid-19: How India can ensure that women in the informal sector get the protection they deserve
Opinion | India should stave off corona bankruptcies
‘Invest in India’ is at the heart of self-reliance
India’s revival plan must focus on cities
https://www.livemint.com/news/india/india-s-revival-plan-must-focus-on-cities-11589475051709.html
Opinion | Strategy choices for India to recover from this recession
Nirmala Sitharaman announces economic package for migrant labourers, farmers, urban poor
Economic stimulus: Collateral-free loans worth ₹3 lakh cr for MSMEs
‘One needs to provide cash now, not in some uncertain future’
Immediate stimulus of Rs15 lakh crore needed to overcome Covid-19 impact: CII
World Bank approves another $1 billion fund to India to protect poor from Covid
Money given right now would multiply incomes
Summing up Modi's Covid stimulus: Takeaways so far from the 'mother of all incentives https://economictimes.indiatimes.com/news/economy/policy/summing-up-modis-covid-stimulus-takeaways-so-far-from-the-mother-of-all-incentives/articleshow/75758840.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Taxation
Why India needs to rethink its corporate tax cut
https://scroll.in/article/961662/why-india-needs-to-rethink-its-corporate-tax-cut
Industry, Manufacturing, Services and Technology
Centre, State Govts and Pvt Sector Owe Over Rs 5 Lakh Crore in Unpaid Dues to MSME Sector: Gadkari
https://thewire.in/business/nitin-gadkari-msme-unpaid-dues
Explainer: Why Modi's MSME Push Won't Actually Cost the Centre Too Much This Year
https://thewire.in/economy/narendra-modi-msme-package-cost
After Lockdown, Task of Marrying Industrial Operations and Social Distancing Begins
https://thewire.in/business/lockdown-industrial-operations-social-distancing-coronavirus
Risk-averse lenders may derail govt's plan to rescue small businesses
Covid-19 crisis will accelerate firms' automation plans: Report
Indian refractory makers hit hard as manufacturing grinds to a standstill
Measures for small businesses rely largely on risk-averse lenders: Care Ratings
Govt’s relief measures for MSMEs timely and pragmatic: ACMA
Govt prepares a list of 10 mega clusters across nine states to attract global companies https://economictimes.indiatimes.com/news/economy/policy/govt-prepares-a-list-of-10-mega-clusters-across-nine-states-to-attract-global-companies/articleshow/75766815.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Banking and Monetary Policy
Former liquor baron Vijay Mallya loses leave to appeal against extradition in UK Supreme Court
RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms
Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
India increases forex investment in securities, deposits with central banks
India bond sale through amid record cash pile at banks
Banks refusing to lend prompt $62 billion Indian rescue deal
Banks pin hopes on RBI nod to debt recast to manage asset quality post covid-19
PSU banks sanction ₹5.95 trillion loans from 1 Mar to 8 May
External Sector
Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows
Coronavirus to leave a legacy of unprecedented global debt https://economictimes.indiatimes.com/news/international/business/coronavirus-to-leave-a-legacy-of-unprecedented-global-debt/articleshow/75752259.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Agriculture
A refreshing dose of farm freedom
https://www.livemint.com/opinion/quick-edit/a-refreshing-dose-of-farm-freedom-11589548044794.html
Food Grain for Migrants, Loans for Farmers in Modi Govt's 2nd Economic Package Worth Rs 3 Lakh Crore
https://thewire.in/economy/migrant-workers-farmers-economic-package-modi-government-lockdown
Columns by Joseph Stiglitz and Paul Krugman
Covid-19 Reality Has a Liberal Bias
https://www.nytimes.com/2020/05/14/opinion/trump-covid-experts.html
How to Create a Pandemic Depression
https://www.nytimes.com/2020/05/11/opinion/coronavirus-depression.html