Weekly Updates on the Indian Economy

(21/11/2020 to 27/11/2020)

1. National Accounts and State of the Economy

 

1. The ‘Time Use Survey’ as an opportunity lost

https://www.thehindu.com/todays-paper/tp-opinion/the-time-use-survey-as-an-opportunity-lost/article33146325.ece

 

2. Odisha tribe sees rise in migration

https://www.thehindu.com/todays-paper/tp-national/odishas-bonda-tribe-sees-a-rise-in-distress-migration/article33152399.ece

 

3. Middlemen still rule in job scheme: KEA study

https://www.thehindu.com/todays-paper/middlemen-still-rule-in-job-scheme-kea-study/article33157537.ece

 

4. Signs that ‘atmanirbhar’ package is working

https://www.thehindubusinessline.com/opinion/signs-that-atmanirbhar-package-is-working/article33155411.ece

 

5. Labour Code draft rules propose 12-hour working day; easier norms for contractors

https://www.thehindubusinessline.com/news/occupational-safety-code-labour-ministry-proposes-maximum-of-12-working-hours/article33140900.ece

 

6. Forest restoration: How ready is India?

https://www.thehindubusinessline.com/opinion/forest-restoration-how-ready-is-india/article33143426.ece

 

7. The migrant worker as a ghost among citizens

https://www.thehindu.com/todays-paper/tp-opinion/the-migrant-worker-as-a-ghost-among-citizens/article33173452.ece

 

8. India will be worst-hit among major economies even after Covid-19 pandemic: Report

https://scroll.in/latest/978981/india-will-be-worst-hit-among-major-economies-even-after-covid-19-pandemic-report

 

9. How long will the Indian economy take to recover from the Covid hit?

https://scroll.in/article/979011/how-long-will-the-indian-economy-take-to-recover-from-the-covid-hit

 

10. Flogging labour isn’t good for capital

https://www.thehindubusinessline.com/opinion/columns/r-srinivasan/flogging-labour-isnt-good-for-capital/article33177910.ece

 

11. Downside risks to growth continue: RBI chief

https://www.thehindubusinessline.com/money-and-banking/downside-risks-to-growth-continue-says-rbi-chief/article33183555.ece

 

12. Jobs, exports and the trade pacts link

https://www.thehindu.com/todays-paper/tp-opinion/jobs-exports-and-the-trade-pacts-link/article33181129.ece

 

13. GDP contracted 10.7% in Q2’

https://www.thehindu.com/todays-paper/tp-business/gdp-contracted-107-in-q2/article33189426.ece

 

14. Employees or contractors? Gig universe faces a social code dilemma

https://www.business-standard.com/article/economy-policy/employees-or-contractors-gig-universe-faces-a-social-code-dilemma-120112500049_1.html

 

15. Did festival demand revive Indian economy's animal spirits in October?

https://www.business-standard.com/article/economy-policy/festival-demand-underpins-india-s-animal-spirits-in-october-120112500138_1.html

 

16. Unrealistic to expect manufacturing to be 25% of India's GDP, even by 2030

https://www.business-standard.com/article/opinion/unrealistic-to-expect-manufacturing-to-be-25-of-india-s-gdp-even-by-2030-120112000983_1.html

 

17. Do mobility indices show stronger-than-expected consumption revival in Q2?

https://www.business-standard.com/article/economy-policy/do-mobility-indices-show-stronger-than-expected-consumption-revival-in-q2-120112500785_1.html

 

18. India can create $1 trn of economic value using digital tech by 2025: Kant

https://www.business-standard.com/article/economy-policy/india-can-create-1-trn-of-economic-value-using-digital-tech-by-2025-kant-120112601418_1.html

 

19. Why an economy-wide net-zero emission target won't work for India

https://www.business-standard.com/article/economy-policy/why-an-economy-wide-net-zero-emission-target-won-t-work-for-india-120112700134_1.html

 

20. Concern being replaced by optimism as economy shows signs of recovery

https://www.business-standard.com/article/economy-policy/concern-being-replaced-by-optimism-as-economy-shows-signs-of-recovery-120112700156_1.html

 

21. Weekly economic indicators: Power generation falls 3% below 2019 level

https://www.business-standard.com/article/economy-policy/weekly-economic-indicators-power-generation-falls-3-below-2019-level-120112300739_1.html

 

22. 35% of work under scheme meant for migrant workers went to MGNREGA

https://www.business-standard.com/article/economy-policy/35-of-work-under-scheme-meant-for-migrant-workers-went-to-mgnrega-120112400039_1.html

 

23. Middle-aged, older people to drive future consumption in India: BCG

https://www.business-standard.com/article/economy-policy/middle-aged-older-people-to-drive-future-consumption-in-india-bcg-120112400806_1.html

 

24. Employment, income in India during and after lockdown: A V-shape recovery?

https://www.business-standard.com/article/opinion/employment-income-in-india-during-and-after-lockdown-a-v-shape-recovery-120112601501_1.html

 

25. Need to be watchful about sustainability of demand : RBI Governor Shaktikanta Das

https://www.livemint.com/industry/banking/need-to-be-watchful-about-sustainability-of-demand-rbi-governor-shaktikanta-das-11606398417820.html

 

26. Economic liberalization still has a long way to go in our country

https://www.livemint.com/opinion/online-views/economic-liberalization-still-has-a-long-way-to-go-in-our-country-11606232370950.html

 

27. Inflation might just be about to pick up sharply in the West

https://www.livemint.com/opinion/columns/inflation-might-just-be-about-to-pick-up-sharply-in-the-west-11606055725989.html

 

28. The case for an economy of permission-less exchanges

https://www.livemint.com/opinion/columns/the-case-for-an-economy-of-permission-less-exchanges-11606146610672.html

 

29. Opinion | Sustaining India’s Growth Momentum

https://www.livemint.com/opinion/online-views/opinion-sustaining-india-s-growth-momentum-11605944933449.html

 

2. Public Finance

 

30. DBT helped save ₹37,000 cr under various schemes, says government

https://www.thehindubusinessline.com/economy/policy/dbt-helped-save-37000-cr-under-various-schemes-says-government/article33155320.ece

 

31. Global fiscal burden: Will the Atlas shrug?

https://www.thehindubusinessline.com/opinion/global-fiscal-burden-will-the-atlas-shrug/article33162531.ece

 

32. Revenue expenditure on positive side

https://www.thehindu.com/todays-paper/tp-national/revenue-expenditure-on-positive-side/article33173765.ece

 

33. What’s influencing the size of India’s Covid-19 relief stimulus?

https://www.thehindubusinessline.com/data-stories/data-focus/whats-influencing-the-size-of-indias-covid-19-relief-stimulus/article33171458.ece

 

34. India likely to have current account surplus this fiscal, says CEA Subramanian

https://www.firstpost.com/business/india-likely-to-have-current-account-surplus-this-fiscal-says-cea-subramanian-9044291.html

 

35. Current account surplus can't be celebrated: Former FM Chidambaram

https://www.business-standard.com/article/economy-policy/current-account-surplus-can-t-be-celebrated-former-fm-chidambaram-120112401364_1.html

 

36. Govt kickstarts Budget-making exercise; health outlay may get 50% boost

https://www.business-standard.com/article/economy-policy/govt-kickstarts-budget-making-exercise-health-outlay-may-get-50-boost-120112200762_1.html

 

37. Public debt in India – II

https://www.business-standard.com/article/opinion/public-debt-in-india-ii-120112701478_1.html

Taxation

38. Panel suggests registration based on Aadhaar, use of risk analytics tool

https://www.thehindubusinessline.com/economy/gst-fake-invoices-menace-panel-suggests-registration-based-on-aadhaar-use-of-risk-analytics-tool/article33155808.ece

 

39. Finance Minister hints at real-time mechanism to resolve tax disputes

https://www.thehindubusinessline.com/economy/finance-minister-hints-at-real-time-mechanism-to-resolve-tax-disputes/article33162803.ece

 

40. India is losing Rs 75,000 cr in taxes per year due to tax abuse by MNCs, evasion by individuals, says report

https://www.firstpost.com/business/india-is-losing-rs-75000-cr-in-taxes-per-year-due-to-tax-abuse-by-mncs-evasion-by-individuals-says-report-9040251.html

 

41. West Bengal, Kerala to go for ‘Option 1’ to meet GST compensation shortfall

https://www.thehindubusinessline.com/economy/west-bengal-kerala-to-go-for-option-1-to-meet-gst-compensation-shortfall/article33178223.ece

 

42. Kerala tops in per-capita consumption but slips on GST collection

https://www.thehindubusinessline.com/economy/kerala-tops-in-per-capita-consumption-but-slips-on-gst-collection/article33187251.ece

 

43. Curbing GST evasion: E-invoicing has a long way to go, say experts

https://www.business-standard.com/article/economy-policy/curbing-gst-evasion-e-invoicing-has-a-long-way-to-go-say-experts-120112500014_1.html

 

44. Chhattisgarh, Punjab to opt for centre's borrowing option on GST shortfall

https://www.business-standard.com/article/economy-policy/chhattisgarh-punjab-to-opt-for-centre-s-borrowing-option-on-gst-shortfall-120112601376_1.html

 

45. Difficult to sustain Rs 1-trillion monthly GST collection, say experts

https://www.business-standard.com/article/economy-policy/difficult-to-sustain-rs-1-trillion-monthly-gst-collection-say-experts-120112100021_1.html

 

46. The problem with tough plans against GST fraud

https://www.livemint.com/opinion/online-views/the-problem-with-tough-plans-against-gst-fraud-11606146846587.html

 

3. Banking and Monetary policy

 

47. ‘Raise private bank promoter cap to 26%’

https://www.thehindu.com/todays-paper/tp-business/raise-private-bank-promoter-cap-to-26/article33146302.ece

 

48. RBI working group’s report on ownership norms hailed by existing bank promoters

https://www.thehindubusinessline.com/money-and-banking/existing-players-analysts-welcome-rbi-report-on-ownership-norms-for-private-banks/article33154706.ece

 

49. RBI panel open to big NBFCs becoming banks; corporates turning lenders

https://www.thehindubusinessline.com/money-and-banking/existing-players-analysts-welcome-rbi-report-on-ownership-norms-for-private-banks/article33154706.ece

 

50. How aggressive lending, rising NPAs sent LVB crashing

https://www.thehindubusinessline.com/data-stories/data-focus/how-aggressive-lending-rising-npas-sent-lvb-crashing/article33144402.ece

 

51. RBI panel comes up with suggestions on corporate structure, pledging of shares

https://www.thehindubusinessline.com/money-and-banking/corporates-may-become-promoters-of-banks-rbi-internal-working-group/article33141654.ece

 

52. Banking health and the ‘K Curve’ dynamics

https://www.thehindu.com/todays-paper/tp-opinion/banking-health-and-the-k-curve-dynamics/article33165112.ece

 

53. Stout opposition to allowing corporates to promote banks

https://www.thehindubusinessline.com/money-and-banking/stout-opposition-to-allowing-corporates-to-promote-banks/article33163371.ece

 

54. The LVB mess — a failure of regulation

https://www.thehindubusinessline.com/opinion/the-lvb-mess-a-failure-of-regulation/article33162835.ece

 

55. Raghuram Rajan, Viral Acharya slam RBI panel’s suggestion

https://www.thehindubusinessline.com/money-and-banking/raghuram-rajan-viral-acharya-slam-rbi-panels-suggestion-to-allow-corporates-in-banking/article33161398.ece

 

56. Say ‘no’ to corporate houses in Indian banking

https://www.thehindu.com/todays-paper/tp-opinion/say-no-to-corporate-houses-in-indian-banking/article33173449.ece

 

57. A watershed in banking sector reforms

https://www.thehindubusinessline.com/opinion/a-watershed-in-banking-sector-reforms/article33171006.ece

 

58. Corporate banks – idea whose time has come

https://www.thehindubusinessline.com/opinion/corporate-banks-idea-whose-time-has-come/article33178364.ece

 

59. ‘No GST if amount received after issuance of completion certificate’

https://www.thehindubusinessline.com/economy/amounts-received-towards-sale-of-share-in-flats-will-not-attract-not-exigible-to-gst-if-paid-after-completion-certificate-aar/article33176357.ece

 

60. Corporate banks need not be a ‘bombshell’

https://www.thehindubusinessline.com/opinion/corporate-banks-need-not-be-a-bombshell/article33187005.ece

 

61. State Bank of India expects RBI to hold interest rate, says Dinesh Khara

https://www.business-standard.com/article/economy-policy/state-bank-of-india-expects-rbi-to-hold-interest-rate-says-dinesh-khara-120112601518_1.html

 

62. RBI panel recommends banking overhaul: Relaxation for SFBs, payments banks

https://www.business-standard.com/article/economy-policy/rbi-panel-recommends-banking-overhaul-relaxation-for-sfbs-payments-banks-120112100013_1.html

 

63. RBI likely to get US Federal Reserve-like powers of supervision

https://www.business-standard.com/article/economy-policy/rbi-likely-to-get-us-federal-reserve-like-powers-of-supervision-120112100014_1.html

 

64. Credit risks rising for infrastructure projects in India, says S&P

https://www.business-standard.com/article/economy-policy/credit-risks-rising-for-infrastructure-projects-in-india-says-s-p-120112300447_1.html

 

65. With 1 million followers, RBI most popular central bank on Twitter

https://www.business-standard.com/article/economy-policy/with-1-million-followers-rbi-most-popular-central-bank-on-twitter-120112400026_1.html

 

66. Bad loans in Indian banking sector to rise in next 12-18 months: S&P

https://www.business-standard.com/article/pti-stories/non-performing-loans-in-indian-banking-sector-to-rise-in-next-12-18-months-s-p-120112400437_1.html

 

67. Banks' collection efficiency may not sustain, says rating agency S&P

https://www.business-standard.com/article/economy-policy/banks-collection-efficiency-may-not-sustain-says-rating-agency-s-p-120112401351_1.html

 

68. More banks won’t solve problem of credit supply

https://www.livemint.com/opinion/online-views/more-banks-won-t-solve-problem-of-credit-supply-11606237559276.html

 

69. Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea'

https://www.livemint.com/industry/banking/raghuram-rajan-says-proposal-to-allow-business-houses-into-banking-is-a-bad-idea-11606126573623.html

 

4. External Sector

 

70. India’s no to RCEP could still be a no

https://www.thehindu.com/todays-paper/tp-opinion/indias-no-to-rcep-could-still-be-a-no/article33146323.ece

 

71. Why did India stay out of the RCEP deal?

https://www.thehindu.com/search/?q=Why+did+India+stay+out+of+the+RCEP+deal%3F&order=DESC&sort=publishdate

 

72. No Minister, the trade agreement pitch is flawed

https://www.thehindu.com/todays-paper/tp-opinion/no-minister-the-trade-agreement-pitch-is-flawed/article33157171.ece

 

73. World trade in goods rebounds in Q3 , but pandemic shadow looms

https://www.thehindubusinessline.com/economy/world-trade-in-goods-rebounds-in-q3-but-pandemic-shadow-looms/article33144519.ece

 

74. Inverted duty structure hurts domestic rubber goods industry

https://www.thehindubusinessline.com/economy/inverted-duty-structure-hits-domestic-rubber-goods-industry/article33159454.ece

 

75. India 4th major host of greenfield FDI projects during 2004-2015: Report

https://www.business-standard.com/article/economy-policy/india-4th-major-host-of-greenfield-fdi-projects-during-2004-2015-report-120112501325_1.html

 

76. India cuts import tax on crude palm oil to 27.5% as food prices rise

https://www.business-standard.com/article/economy-policy/india-cuts-import-tax-on-crude-palm-oil-to-27-5-from-37-5-says-govt-120112601270_1.html

 

77. India set to resume talks on free trade agreements with EU, US

https://www.business-standard.com/article/economy-policy/india-set-to-resume-talks-on-free-trade-agreements-with-eu-us-120112100594_1.html

 

78. India, Myanmar discusses ways to boost bilateral trade to utilise potential

https://www.business-standard.com/article/economy-policy/india-myanmar-discusses-ways-to-boost-bilateral-trade-to-utilise-potential-120112401117_1.html

 

79. India, RCEP and economic theory

https://www.business-standard.com/article/opinion/india-rcep-and-economic-theory-120112300193_1.html

 

80. The integral world of finance

https://www.business-standard.com/article/opinion/the-integral-world-of-finance-120112700058_1.html

 

5. Agriculture and Rural Economy

 

81. Paddy procurement goes up by 18%

https://www.thehindu.com/todays-paper/tp-national/paddy-procurement-goes-up-by-18/article33152404.ece

 

82. Paddy procurement season opens on a disappointing note for farmers

https://www.thehindubusinessline.com/economy/agri-business/paddy-procurement-season-opens-on-a-disappointing-note-for-farmers/article33162728.ece

 

83. India’s plan to collectivise millions of small and marginal farmers may fall short

https://scroll.in/article/978820/indias-plan-to-collectivise-millions-of-small-and-marginal-farmers-may-fall-short

 

84. Dairy sector needs to be fortified

https://www.thehindubusinessline.com/opinion/dairy-sector-needs-to-be-fortified/article33177693.ece

 

85. Agriculture Minister launches Nafed’s honey FPO programme

https://www.thehindubusinessline.com/economy/agri-business/agriculture-minister-narendra-singh-tomar-launches-nafeds-honey-fpo-programme/article33185377.ece

 

86. Fisheries can attract about Rs 67,000 cr investment in 5 years: Report

https://www.business-standard.com/article/pti-stories/fisheries-sector-can-attract-usd-9-billion-investment-in-5-years-official-120112100797_1.html

 

87. UP best performer in inland fisheries, Odisha is best Marine state

https://www.business-standard.com/article/economy-policy/up-best-performer-in-inland-fisheries-odisha-is-best-marine-state-120112100900_1.html

 

6. Industry, Manufacturing, Services and Technology

 

88. Indian IT firms ramp up hiring as businesses go virtual during the pandemic

https://scroll.in/article/979158/indian-it-firms-ramp-up-hiring-as-businesses-go-virtual-during-the-pandemic

 

89. Momentum of economic reform will continue to make India a hotspot of global investment, says FM

https://scroll.in/latest/979250/momentum-of-economic-reform-will-continue-to-make-india-a-hotspot-of-global-investment-says-fm

 

90. Modi government is filling its coffers at the cost of state-owned firms

https://scroll.in/article/979239/modi-government-is-filling-its-coffers-at-the-cost-of-state-owned-firms

 

91. FMCG sector shows revival signs in Sept quarter on rural demand

https://www.thehindubusinessline.com/companies/nielsen-downgrades-fmcg-growth-forecast-for-2020-for-third-time/article33183347.ece

 

92. Govt notifies guaranteed loan scheme for stressed sectors

https://www.thehindubusinessline.com/money-and-banking/govt-notifies-guaranteed-loan-scheme-for-stressed-sector/article33186487.ece

 

93. Govt. allots ₹2,000-cr. for infra funding

https://www.thehindu.com/todays-paper/tp-business/govt-allots-rs-2000-cr-for-infra-funding/article33181115.ece

 

94. Nielsen widens estimate for FMCG contraction to 1-3%

https://www.thehindu.com/todays-paper/tp-business/nielsen-widens-estimate-for-fmcg-contraction-to-1-3/article33189428.ece

 

95. Bengal, Telangana, Odisha and Andhra worst affected by rising inflation

https://www.business-standard.com/article/economy-policy/bengal-telangana-odisha-and-andhra-worst-affected-by-rising-inflation-120112401367_1.html

 

96. Two-wheeler exports to decline by 18-21% in FY21, says India Ratings

https://www.business-standard.com/article/companies/two-wheeler-exports-to-decline-by-18-21-in-fy21-says-india-ratings-120112500335_1.html

 

97. India's crude steel output rises 0.9% to 9 MT in October: Worldsteel

https://www.business-standard.com/article/pti-stories/india-s-crude-steel-output-rises-0-9-pc-to-9-mt-in-oct-worldsteel-120112500782_1.html

 

98. Over 19 quarters taken to clear unsold real estate inventory, says Ind-Ra

https://www.business-standard.com/article/economy-policy/over-19-quarters-taken-to-clear-unsold-real-estate-inventory-says-ind-ra-120112700040_1.html

 

99. Industry share in GDP 20-yr low: How it affects growth, what govt should do

https://www.business-standard.com/podcast/economy-policy/industry-share-in-gdp-20-yr-low-how-it-affects-growth-what-govt-should-do-120112100410_1.html

 

100. India's manufacturing poised to witness recovery in Jul-Sep: Survey

https://www.business-standard.com/article/pti-stories/india-s-manufacturing-poised-to-witness-recovery-in-jul-sep-survey-120112200475_1.html

 

101. Retail health segment sees 34% growth in April-October, shows data

https://www.business-standard.com/article/economy-policy/retail-health-segment-sees-34-growth-in-april-october-shows-data-120112400042_1.html

 

102. Domestic mining-construction equipment biz recovers 22% YoY in Q3CY20: Icra

https://www.business-standard.com/article/economy-policy/domestic-mining-construction-equipment-biz-recovers-22-yoy-in-q3cy20-icra-120112400604_1.html

 

103. Opinion | Financing mechanisms that may work for India’s social infrastructure

https://www.livemint.com/opinion/online-views/opinion-financing-mechanisms-that-may-work-for-india-s-social-infrastructure-11606284504980.html

 

104. Opinion: PLI scheme - achieving the goal

https://www.livemint.com/opinion/online-views/opinion-pli-scheme-achieving-the-goal-11606209736226.html

 

105. Should our manufacturers be allowed to set up banks?

https://www.livemint.com/opinion/online-views/should-our-manufacturers-be-allowed-to-set-up-banks-11606406945545.html

 

106. Mega boost to real estate sector: Govt to soon come out with Model Tenancy Law

https://www.livemint.com/industry/infrastructure/mega-boost-to-real-estate-sector-govt-to-soon-come-out-with-model-tenancy-law-11606306337873.html

 

7. Columns by Paul Krugman

 

107. Opinion | In Praise of Janet Yellen the Economist

https://www.nytimes.com/2020/11/26/opinion/janet-yellen.html

 

108. Opinion | Trump Wars II: The Loser Strikes Back

https://www.nytimes.com/2020/11/23/opinion/trump-mnuchin-federal-reserve.html

 

8. Other Articles/ Columns

 

• The India Forum

109. The Three Farm Bills

Is This the Market Reform Indian Agriculture Needs?

https://www.theindiaforum.in/article/three-farm-bills

 

• The Economist

110. Why money is changing hands much less frequently

https://www.economist.com/finance-and-economics/2020/11/21/why-money-is-changing-hands-much-less-frequently

 

111. Who gains from RCEP, Asia’s new trade pact?

https://www.economist.com/finance-and-economics/2020/11/21/who-gains-from-rcep-asias-new-trade-pact

 

• Economic and Political Weekly

 

Commentary

112. The Pandemic and Economic Fallout in South Asia

https://www.epw.in/journal/2020/46/commentary/pandemic-and-economic-fallout-south-asia.html

 

113. Negotiating Livelihood during COVID-19

https://www.epw.in/journal/2020/46/commentary/negotiating-livelihood-during-covid-19.html

 

Special Articles

114. How Mobile Are Workers across Informal and Formal Jobs in India?

https://www.epw.in/journal/2020/46/special-articles/how-mobile-are-workers-across-informal-and-formal.html

 

Perspectives

115. Upper-caste Domination in India’s Mainstream Media and Its Extension in Digital Media

https://www.epw.in/journal/2020/46/perspectives/upper-caste-domination-indias-mainstream-media-and.html

 

 

 

 

Print Sources: The Hindu, Business Line, Business Standard, Economic Times, Indian Express

Online: Livemint, Scroll.in, The Wire, The Print, The India Forum, Newyork Times

Journals:              Economic and Political Weekly, The Economist