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Need to mitigate pandemic's impact on economy was the main theme of MPC meet


Need to mitigate pandemic’s impact on economy was the main theme of MPC meet
April 22, 2021
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The resurgence of Covid-19 infections and the need to mitigate the pandemic’s impact on the economy was the centerpiece of discussions of the six-member monetary policy committee (MPC) at its meeting held between April 5 and 7.
Shashanka Bhide, Senior Advisor, National Council of Applied Economic Research, Delhi, observed that the pace of recovery of output needed to offset the negative impact of the Covid-19 shock to the economy in terms of growth in income, and employment will be substantial and sustained over many years. ....

Jayanthr Varma , Shashanka Bhide , Ashima Goyal , Shaktikanta Das , Indian Institute Of Management , Indira Gandhi Institute Of Development Research , National Council Of Applied Economic Research , Senior Advisor , National Council , Applied Economic Research , Indira Gandhi Institute , Development Research , Indian Institute , Executive Director , Deputy Governor , ஆஷிமா கோயல் , இந்தியன் நிறுவனம் ஆஃப் மேலாண்மை , இந்திரா காந்தி நிறுவனம் ஆஃப் வளர்ச்சி ஆராய்ச்சி , தேசிய சபை ஆஃப் பயன்படுத்தப்பட்டது பொருளாதார ஆராய்ச்சி , தேசிய சபை , பயன்படுத்தப்பட்டது பொருளாதார ஆராய்ச்சி , இந்திரா காந்தி நிறுவனம் , வளர்ச்சி ஆராய்ச்சி , இந்தியன் நிறுவனம் , நிர்வாகி இயக்குனர் , துணை கவர்னர் ,

India's Sustained Economic Recovery Will Require Changes to Its Bankruptcy Law - Carnegie India - Carnegie Endowment for International Peace


Summary
One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolved efficiently. India’s bankruptcy law is key to solving these challenges.
In 2016 India enacted the Insolvency and Bankruptcy Code, 2016 (IBC), which was a landmark reform to the nation’s financial system and the first comprehensive law to regulate insolvency. ....

United States , France General , United Kingdom , New Delhi , City Of , Lily Vadera , Bhargavi Zaveri , Dan Andrews , Rajeswari Sengupta , Ajay Shah , Pratik Datta , Arpan Chaturvedi , Josh Felman , Arvind Subramanian , Anirudh Burman , Anjali Sharma , Harsh Vardhan , Ruchika Chitravanshi , Sachin Chaturvedi , Jyoti Singh , Bahramn Vakil , Raghavendra Kamath , Rakesh Mohan , Shayan Ghosh , Raghuram Rajan , Rajnish Kumar ,

The pillars of an equitable post-COVID India


In the post-pandemic world, addressing inequality is key to sustaining growth and well-being
COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than ₹150 per day more than doubled. The Pew report also warned that the situation may actually be worse than estimated because of worsening inequalities. International organisations like the World Bank, the International Monetary Fund and the International Labour Organization have also warned about rising inequalities in several countries including India due to the pandemic. ....

United States , United Kingdom , South Korea , Anthony Atkinson , International Monetary Fund , International Labour Organization , World Bank , Pew Research , Indira Gandhi Institute Of Development Research , Mahatma Gandhi National Rural Employment Guarantee , Pew Research Report , Centre For Monitoring Indian Economy , Mahendra Dev , Indira Gandhi Institute , Development Research , S Mahendra Dev , Covid 19 , Inequalities In India , Indias Middle Class , Novel Coronavirus Pandemic , Poor People , Low Incomes , Rural Distress , Large Informal Sector , Share Of Wages , Corporate Sector ,