Aparna Kulkarni

PTI Edited

The fiasco in making of the fiscal and monetary rules amidst a crisis

The spread of Covid-19 pandemic in India calls for desperate measures in this desperate time. It has been an unprecedented situation having a wider economic impact and created an altogether ‘new divide’. This pandemic situation has also resulted in inevitable COVID poverty throwing millions of people below the poverty line.

Will the gig economy dig a hole for the future of labour rights in post COVID recovery?

During the pandemic, employer companies were unable to maintain financial viability and hence couldn’t guarantee job security to the employees. On the contrary, these gig companies are expanding their business rapidly. At the same time, companies deny the responsibility of giving a safety net to employees and trying to transfer the risk of losses.

The pandemic induced economic crisis and its implications

It is needless to say that the current economic crisis across the globe is of scarcity. This crisis calls for measures on both the demand and supply side. Specifically in India, the situation demands hefty public sector measures and the steps for revival of demand as well as supply.

Decoding RBI’s Monetary Policy Response

One of the stark realities admitted by RBI is about the GDP growth rate in India which is expected to be in the negative territory (below zero) in the current financial year and its revival is expected from next financial year if the growth impulses remain intact.
ING Think

Is the 'L shaped Recovery Curve' evident in India?

History shows that 1929-30 was the year of the Great Depression and 2008 was that of the Great Recession. One of the economists who anticipated the 2008 crisis, Prof. Nouriel Roubini has now predicted that the corona pandemic will result in ‘Greater Depression’ and it will be the year of 2030, by which the actual and effective revival of the global economy can take place.