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Articles by: Dr Arun Kumar

Impact of Covid-19 and What Needs To Be Done?

Impact of Covid-19 and What Needs To Be Done?

  This situation implies that the global economy is staring at a depression. In brief, the situation is worse than a war since demand has collapsed. The spread of Covid19 has rapidly spun out of control the world over and needs to be tackled urgently. Though the problem is global there are national specificities that require nuanced approaches. There are[Read More…]

Covid-19 Pandemic: What About Those Not Hitting Headlines ?

Covid-19 Pandemic: What About Those Not Hitting Headlines ?

  ( Please note the article was written on March16, 2020,  before the government and RBI announced some reliefs, many of them for specified periods. It can  not be anticipated for how long the pandemic and the crisis would continue. Still the comment is relevant given India’s ground realities, well known leakages,  pilferage of relief funds etc.) Share market going[Read More…]

Coronavirus: Economic uncertainty rises

Coronavirus: Economic uncertainty rises

  Supply shocks from China have caused a fall in production and decline in demand, leading to fears of recession. Stock markets globally have declined since the big drop this ‘Manic Monday’. They are reacting to the expected slowdown in the world economy due to the rapid spread of the SARS-CoV-2 virus to more than 100 countries. Crude oil prices[Read More…]

Union Budget 2020-21: Figuring out its Politics and Economics

Union Budget 2020-21: Figuring out its Politics and Economics

The Union Budget has two goals. First, to tackle the current problems plaguing the economy which may be a continuing one or one that has cropped up in the year in which the Budget is drafted. The second goal of a Budget is to try to fulfill the vision that the government puts out. This again could be pertaining to[Read More…]

by Comments are Disabled India
Demonetisation: Assessment Of Its Impact

Demonetisation: Assessment Of Its Impact

Three years after demonetisation was launched by Prime Minister Narendra Modi, on November 8, 2016, people still remember it as the beginning of a very difficult period. Many have come to accept what I have been saying that the economic downturn in India began then and now the official rate of growth has come down to below five per cent.[Read More…]

Demonetisation: Recessionary Conditions Take Hold

Demonetisation: Recessionary Conditions Take Hold

Demonetization is all about currency and the amount of money with the public. Since the public has no interface with the Reserve Bank of India, they have to deal with the banks for their daily requirements of money. Consequently, demonetization has had a dramatic impact on banks in India and this is likely to persist. Banks and the Public Ire[Read More…]