oppn parties Restarting The Wheels Of The Economy

News Snippets

  • Supreme Court questions the continuing relevance of two-child norms. The Court observed that falling fertility rates have weakened the population-control rationale behind laws disqualifying people with more than two children from contesting local body elections. It referred the issue to a larger Bench for consideration
  • Supreme Court declines to shift Tirupati laddu case outside Andhra Pradesh. The Court rejected a plea seeking transfer of the trial, despite arguments that political statements by Andhra Pradesh's Chief Minister and Deputy Chief Minister could affect the fairness of proceedings
  • Supreme Court transfers Azam Khan's fresh ED bail plea to Allahabad High Court. The apex court declined to consider the Samajwadi Party leader's bail request in a fresh Enforcement Directorate case and directed that it be listed before a division Bench of the High Court on November 16
  • Two killed in Delhi building collapse; contractor booked. Two bodies were recovered after a building collapsed in Chawri Bazaar. Delhi Chief Minister Rekha Gupta said the contractor had been booked and the concerned junior and assistant engineers suspended
  • Uttar Pradesh voter rolls show a 2.4-crore discrepancy. A difference of approximately 2.4 crore names has been reported between the state's panchayat and rural Assembly voter lists. The Election Commission has ordered the two sets of rolls to be matched
  • Gujarat announces 3% dearness allowance hike. The state government announced a three-percentage-point increase in dearness allowance for government employees and pensioners ahead of Diwali
  • Sensex and Nifty post their strongest single-day gains in months. The Sensex surged 2,008.61 points, or 2.60%, to close at 79,310.01, while the Nifty 50 climbed 576 points, or 2.40%, to 24,536.60. Financial and automobile stocks led the rally, supported by falling crude prices and renewed foreign investor buying
  • Maaya Rajeshwaran reaches WTA-level quarter-final. The 17-year-old Indian defeated Poland's Weronika Falkowska 6-4, 6-3, becoming the first Indian woman since Sania Mirza in 2012 to reach a quarter-final at a WTA Tour-level singles event
  • Tanvi Patri reaches Youth Olympics badminton final. The 15-year-old defeated Japan's Yuzuno Watanabe in the semi-final, assuring India of a medal and becoming the first Indian badminton player to reach the girls' singles final at the Youth Olympics
  • India beat Pakistan 3-2 in SAFF Championship. India defeated Pakistan in a closely contested match, having led 3-0 before conceding two late goals. The victory was reported as a significant result for India's second-string side
  • India beat Japan 4-1 to win a record sixth Asian Champions Trophy. India recovered from an early deficit to defeat Japan in the final at Mohali, extending its record as the tournament's most successful men's team
  • The Supreme Court issued notice to the Centre and the Election Commission on a petition challenging Section 16 of the Chief Election Commissioner and Other Election Commissioners Act, 2023, which grants the CEC and Election Commissioners protection from legal proceedings for acts performed in their official duties. The petition argues that such blanket immunity could leave citizens without an effective remedy for alleged wrongdoing by the Commission
  • The Supreme Court told voters whose names were deleted from Delhi's draft electoral rolls not to be apprehensive about seeking re-enrolment through Form 6, after the Election Commission assured it that such applicants would not be prosecuted merely because their names had appeared in earlier rolls
  • Congress leader Rahul Gandhi opened the party's campaign for the 2027 Punjab Assembly elections with an Insaaf rally in Sangrur, Chief Minister Bhagwant Mann's home district, accusing the AAP government of failing to control drugs, gangster violence and corruption. Congress president Mallikarjun Kharge outlined six commitments, including a drug-free Punjab, protection of farmers, employment for young people and action against corruption
  • Rahul Gandhi accused the AAP government of running Punjab through a remote control from Delhi and questioned Bhagwant Mann's ability to tackle drug abuse, making personal allegations about the Chief Minister's conduct during their time together in Parliament
Stock markets on fire due to US results, Sensex gains 2008 points to reach its highest level in 8 months
oppn parties
Restarting The Wheels Of The Economy

By Sunil Garodia
First publised on 2020-04-16 08:09:36

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Author of Cyber Scams in India, Digital Arrest, The Money Trap and The Human Hack

It is good that the Centre has come out with detailed guidelines about restarting economic activity in certain sectors and areas after April 20. While the outbreak of Covid-19 had forced the government to take tough, but extremely necessary, the decision of imposing the country-wide lockdown, the economic cost of the same is now becoming back-breaking. Hence, a partial lifting of the lockdown was necessary. The government’s hand was forced due to three main reasons. First, it is the time of the harvesting season for the Rabi crop and any crop damage could result in further farm distress, food shortages and a huge rise in prices. Second, if production in some sectors was not allowed and transportation, including courier, activities were kept suspended for a longer period, supply chains would have been affected. The success of the lockdown depends primarily on making essential commodities available to the people. Hence, it was necessary to allow these activities. Lastly, the huge army of migrant labour, pinned to their current locations without work or wages, was getting restless and it is better to open avenues of work and earning rather than provide doles.

Hence, the government has done well to allow the resumption of activities in agriculture, fisheries and aquaculture, health services, pharmaceuticals manufacturing units, financial markets regulated by the RBI, dhabas on highways, courier services, work under MGNREGA, SEZs, export-oriented units and industrial estates and townships under several conditions and restrictions. These activities will obviously not be allowed in areas designated as Covid-19 hotspots. There is a need to keep a strict watch on these activities in all areas as any relaxation in following social distancing and other preventive measures could lead to a disaster. Any return to pre-Covid-19 scenario of crowded factory or transport areas and wholesale markets could wipe out all the gains achieved by the 21-day lockdown in the fight against the pandemic.

No one will deny that there is an urgent need to do a balancing act between saving every citizen from the pandemic and saving the poor by restoring their source of earning, as also ensuring that the GDP growth of the country does not take such a huge hit that it will take several years for it to recover. But in doing so, care also needs to be taken so that the less affected areas, where the economic activity will now be allowed, do not become hotspots. For, as the health ministry has said, one infected person can infect five or more persons without the lockdown or if strict social distancing norms are not followed. Any lapse in areas where the economic activity will now resume can quickly propel the country to the stage of community transmission. Strict policing of activities in these areas will be necessary once they resume.