Is There a Future for Safe Drug Consumption Sites?

PHOTO CREDIT: Kent Nishimura / Getty Images SOURCES: Cornell Law School: “21 U.S. Code S 856 – Maintaining drug-involved premises.”  The New York Times: “Nation’s First Supervised Drug-Injection Sites Open in New York.” Filter: “NY Bill to Expand Safe Consumption Sites Advances, With Time Short.” Gothamist: “After Years Of Delay, NYC Opens First Supervised Injection … Read more

S&P retains India’s 9.5% growth forecast for FY22; consumption, domestic macro indicators weak

S&P Global Ratings on Tuesday said there were indications of a strong rebound in economic activity in India after the second wave of the Covid-19 pandemic waned even as it maintained its FY22 growth forecast for India at 9.5%. It also said that inflation remains relatively high, and public debt worries persist. “In India, domestic … Read more

India witnessing consumption revival; spending on discretionary increases: Deloitte report

Indians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items, according to a report by global consultancy and advisory firm Deloitte. After witnessing two waves of the pandemic, India is “cautiously returning” to a state of “business as … Read more

Rural India back with a bang, leaves cities behind in consumption

Consumption of daily groceries and essentials in villages outpaced cities in July, reversing the trend of June. Urban growth was higher than in rural areas for the first time in nearly two years in June. With the Covid situation improving and good monsoon rain, rural growth is expected to bounce back and be in line … Read more

Crisil cuts FY22 growth projection to 9.5 pc on hit to private consumption, investment

Domestic credit ratings agency on Monday cut its FY22 growth estimate for India to 9.5 per cent from the earlier 11 per cent due to the hit to private consumption and investments following the second wave of COVID-19. The rating agency joins other watchers who have cut their FY22 growth projections, with some pegging it … Read more

96 per cent people faced drop in earnings during lockdown: Survey

Nearly 96 per cent of the people surveyed under a food rights campaign in Maharashtra faced a drop in their earnings during the coronavirus-induced lockdown last year, claims a social body. Job losses and non-availability of casual work were the key reasons for this, and every fifth respondent was forced to go hungry because of … Read more

View: India’s pre-pandemic woes cast a shadow on its swift economic rebound

In line with economists’ fascination with alphabets, we see a ‘double barrel V’-shaped (one V over the other) recovery for India. The ‘inner’ smaller V involves normalising back to pre-pandemic activity levels. The ‘outer’ larger V involves cyclically recuperating from the slump in the business cycle that had started long before the virus took over, … Read more

View: In the post-Covid world, digital success will be defined by customer experience

By Sanjay Kapoor Almost eight months into the pandemic, we are more or less reconciled with a few aspects of ‘Covid life’. Economies with tighter social distancing are likely to experience more negative shocks in their domestic sector. Demand, as opposed to supply, is becoming a bigger concern, especially for sectors associated with discretionary activities. … Read more

End game for oil? OPEC prepares for an age of dwindling demand

LONDON: The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC. The pandemic drove down daily crude consumption by as much as a third earlier this year, at a time when the rise of electric vehicles and a shift to renewable energy sources were already … Read more