Business Standard Opinion pieces for the day talk about various economic aspects of the pandemic

Business Standard opinion pieces for the day talk about the fiscal and other aspects of the pandemic.

Here's a selection of Business Standard Opinion pieces for the day

Follow up demonetisation by bringing land and real estate into the GST, suggests the survey

It has recommended reforms in labour and tax policies to make these two sectors globally competitive

Upsurge in protectionism, affecting India's exports, is a matter of concern, says Sunil Kanoria

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Thackeray said he will have to resign if it doesn't happen

The election commission also stayed the poll-related process

House Majority Leader Kevin McCarthy predicts a brokered Republican Convention and says he will support the ultimate nominee. He speaks at the ECO:nomics conference in Santa Barbara, Calif.

House Majority Leader Kevin McCarthy argues for the EPA’s Clean Power Plan to be struck down in the courts. He speaks at the ECO:nomics conference in Santa Barbara, Calif.

Wyoming passed a suffrage bill 50 years before the 19th Amendment, but the Equality State is struggling to live up to its nickname. WSJ’s Shelby Holliday meets the women working to boost female representation. Photo illustration: Laura Kammermann

General fiscal deficit in FY19 expected to be 5.8 per cent of GDP, compared with 6.4 per cent the previous year

When seasonally adjusted numbers continue to exhibit the influences of seasonal effects, much as first-quarter readings on gross domestic product have regularly been doing, statisticians refer to it as residual seasonality. And that effect hampers seasoned economists from making clear-eyed judgments on the strength of the economy.

The share of retail and high net worth individuals in direct plans could improve further given the cost saving

Maharashtra, which was the host state, alone received investment proposals of Rs 7.94 lakh cr and 3,294 MoUs

While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.

The country-wide lockdown imposed on 23rd March, while necessary, has had deep ramifications on economic activity. According to the CII CEOs Snap Poll on Impact of COVID-19 on Economy and Industry, while a majority of the firms continue to anticipate a significant decline in their topline, they now foresee a delay in economic revival and demand recovery. The survey saw the participation of more than 300 CEOs, of which nearly two-thirds belonged to MSMEs. The lockdown brought economic activity to a grinding halt and the survey findings indicate that a significant majority of the firms (65%) expect revenues to fall more than 40% in the current quarter (Apr-Jun 2020). For financial year 2020-21, the expectations of a fall in revenue are staggered, with 33% of the firms anticipating a revenue fall of more than 40%, closely followed by 32% of firms expecting a revenue contraction ranging between 20% to 40%.

Union Minister for MSME and Road Transport and Highways, Nitin Gadkari informed that a policy on imports substitution is being thought of in the wake of the new economic situation created by COVID-19 pandemic. He called upon various stake-holders to convert knowledge into wealth by improving quality through innovations and cutting down cost. He sited the example of a Nagpur based MSME Orange cluster taking up PPE making from scratch. These PPEs cost between Rs 550 to Rs 650 against the market price of about Rs 1200 for which country was heavily import dependent. The cluster is in a position to supply large quantity of PPEs.

AIADMK chief becomes Tamil Nadu CM for the sixth time

Real annual GDP accelerated in Jul-Sept to 7.4% from 7%. But, growth of nominal GDP slowed sharply to 6%

The Trump administration steps up assertions that the coronavirus originated at a lab in Wuhan, governments around the world start to allow businesses to reopen, millions of imported masks fall short of N95 standards. WSJ’s Jason Bellini has the latest on the pandemic. Photo: Scott Keeler/Zuma Press

A two-week course of an antiviral therapy, started within seven days of experiencing COVID-19 symptoms, may improve clinical recovery of patients and reduce their hospital stay duration, according to the first randomised trial of this triple drug combination. The study, published in the journal The Lancet, involved 127 adults from six public hospitals in Hong Kong, and tested the effectiveness of an antiviral drug combination in reducing the load of the novel coronavirus in their bodies. According to the researchers, including those from the University of Hong Kong, treatment involving combination of the drugs interferon beta-1b, plus the antiviral therapy lopinavir-ritonavir and ribavirin, is better at reducing the viral load than lopinavir-ritonavir alone. They stressed on the need for larger phase 3 trials to examine the effectiveness of this triple combination in critically ill patients, adding that these early findings were only observed in patients with mild to moderate ...

A shootout erupted on Saturday at a protest in western Afghanistan by residents demanding economic assistance, leading to the deaths of at least six people, including a local reporter and two police officers, officials said. Interior Ministry spokesman Tareq Arian said the protesters had gathered outside the governor's office in Feroz Koh, the capital of the western Ghor province. They were demanding relief after weeks of restrictions aimed at containing the coronavirus pandemic. He said some people at the protest opened fire at police, igniting a gun battle that killed the six people and wounded another 19, including nine police. The ministry has launched an investigation and plans to send a delegation to the province. Afghanistan was already mired in poverty before the onset of the pandemic, which has infected nearly 3,800 people in the country and killed at least 109. Many Afghans rely on day labour, which has dried up because of the closure of nonessential businesses.

San Diego Comic-Con has announced that it will be presenting an at-home version of its annual event this year. The convention's official Twitter handle shared the news. "Coming soon Free parking, comfy chairs, personalised snacks, no lines, pets welcome, badges for all, and a front-row seat to Comic-Con at Home, the tweet read. Then news comes less than a month after it was revealed that, for the first time in the event's history, Comic-Con would be cancelled this year due to the coronavirus pandemic. The event was scheduled to happen from July 23 to 26. No dates for the online at-home event have been announced yet.

BJP leader Pankaja Munde has said that she was not upset over not being nominated by the party for the upcoming Legislative Council election. In a tweet, Munde asked her supporters not to get demoralised. "We both are there for each other and have the blessings of saheb (father Gopinath Munde)," she said. The former BJP minister, who lost the Parli seat in last year's assembly polls to her cousin and NCP leader Dhananjay Munde, said she was not upset over not being given a ticket for the May 21 biennial elections. "You called up my mother and sister (Beed MP Pritam Munde) to express your dismay. I did not take calls because I had nothing to say. I am not upset. My best wishes to the four party candidates," she said. A party source said that senior BJP leader Eknath Khadse, who was keen on representing the party in the Council, is upset over not being considered. The BJP has fielded former NCP MP Ranjitsinh Mohite, lesser-known faces like Gopichand Padalkar, Praveen Datke ..

In this edition we look at the rising intolerance in country and how it can be alleviated as per the eminent historian Ms. Romila Thapar, how our nation is failing to nourish it's children, what is harming our coasts, natural flora and fauna, how we can use technology to make our society more equal and much more.

The hype that surrounded the introduction of Bt Cotton has now predictably proven false, says Devinder Sharma.

Devinder Sharma on the recent approval given in India for commercial growth of another Bt cotton variety.

The government has recently announced its Resettlement and Rehabilitation policy. Even though there are some important improvements in it -- the move is timed during rising violence and resentment around the eastern region -- it appears to sidestep the tough questions. Shripad Dharmadhikary has the early verdict.

Spike Jonze's one-act play for Opening Ceremony, Naomi Campbell outshines Kendall Jenner, David Beckham supports his wife and more from Day 4 of New York Fashion Week.

A voter discusses the chances in the Sawaimadhopur Lok Sabha seat in Rajasthan where Colonel Kirori Singh Bainsla, who led the Gujjar agitation last year, is the BJP candidate.

The two protagonist South Asian states got their independence in the middle of the last century, and it is about time that they seize control of their mutual and intertwined destiny, writes Firdaus Ahmed.

The buzz on the global front should not distract us from pressing matters at home. This would also make our security agenda more human and less state-centric, writes Firdaus Ahmed.

Without an iota of public debate and due process, Gujarat had increased allocation of Narmada waters for industry five fold last year, eating into the share of drought affected villages. The Comptroller and Auditor General reported this in 2007, finding it untenable. Himanshu Upadhyaya has more.

The recent clash between two eminent economists of our times, Amartya Sen and Jagadish Bhagwati, appears to be centred around the Food Security Bill. Shankar Jaganathan provides a historical context to show why their contradictions extend far beyond any isolated issue to a clash between two schools of the discipline itself.

Winner of the 2013 Economics Nobel, Robert J Shiller adds the latest perspective to a long-standing, heated debate on whether Economics can be called a science at all, and if it merits the prestigious award. Shankar Jaganathan recounts the many points of view on the subject.

S Venkatraman presents an interesting set of charts to capture the movement of the consumer price index and finds that the answer to this question may not be an easy one to arrive at.

Much is made out of the proportion of youth in India’s population and what it could mean for its economy and progress. However, statistics and trends in education and employment within this group do not paint a promising picture, points out Kannan Kasturi.

As the share of renewable energy rises, it brings with it new challenges. Going forward, the management of surplus power will be critical, says a new report from the Brookings Institute.

The Indian army’s evolving China strategy, leading to its preparedness for an offensive on that front, seems to have undergone a bit of dilution, as evident in North Block posturing. Is it merely a run-up to Modi’s China visit or is there more to it? Firdaus Ahmed explores.

Despite the inconsistencies in pollution data as well as measurement approaches in different Asian cities, there is now sufficient knowledge about the health risks of rampant and unchecked levels of motorisation, particularly in India's cities. A workshop for journalists at Indonesia sounded the warning bells again, writes Darryl D'Monte.

In a changing landscape for power production and transmission, Indian Railways and the Government will need to make new choices, says a new report from Brookings India.

Sewer cleaners must be provided instruments to check poisonous gases, blowers to throw out polluted air, torches, gloves, etc., say government rules. But with Delhi municipal authorities ignoring safety measures, 10 workers recently died in a span of just one and a half months, reports Pankaj Chaturvedi.

Historian and author Sugato Bose is taking a break from his position at Harvard University to contest the Lok Sabha elections from a key urban constituency in West Bengal as a candidate of the ruling Trinamool Congress. He speaks to Amrita Mukherjee on his plans for parliament if elected.

A one-on-one with India’s most well-known historian, Romila Thapar, who shares her thoughts on intellectuals protesting the growing communal discord, the ever-shrinking “liberal space” and the need for a dialogue that defines pluralism in the Indian context with Rashme Sehgal.

The World Bank's Inspection Panel finds that a Bank-backed coal mine disrupted livelihoods by violating guidelines on resettlement, supervision, and the environment.

Months before the recent police firings during tribal protests in Kalinganagar, Orissa, the state government and international development agencies had finalised a draft for a comprehensive resettlement and rehabilitation for project-affected people. Manipadma Jena reports that the policy is likely to come into force in March 2006.