ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Reconciling Blockchain and Data Protection Regimes

The emergence and spread of blockchain technology will have a profound effect on the working of the economy and society. The focus of this article is on how the spread of the blockchain technology has rendered redundant the various provisions of the Personal Data Protection Bill, 2019.

 

Cryptocurrency: Confusing Signals

Can cryptocurrencies emerge as a competition to national currencies?

 

Making Data Count

The Uncounted by Alex Cobham, Cambridge, UK: Polity Press, 2020; pp 227, price not mentioned.

 

National Lockdown and COVID-19 Containment in India

What impact the 2020 COVID-19 lockdown has had on the spread of the virus in Class 1 cities of India is discussed using an interrupted time series model. Four variants of the susceptible–infected–recovered models are used to develop a counterfactual, which are compared with actual data. The analysis reveals that the lockdown has reduced the number of COVID-19 cases by 23.65 million–33.77 million and averted approximately 0.001 million–0.010 million deaths. At the regional level, it has prevented a major health crisis as existing intensive care unit and ventilator facilities for critically ill patients would have been inadequate.

 

An Assessment of Mandatory Corporate Social Responsibility Expenditure

The response of firms towards the corporate social responsibility guidelines and its impact on the funding of Sustainable Development Goals is investigated.

 

Reliability of PLFS 2019–20 Data

The April–June (2020) quarterly data for the urban sector showed a massive decline in the workforce participation rate and a huge increase in the unemployment rate. Still, the annual average work participation rate rose sharply in 2019–20 compared to the earlier two rounds of the Periodic Labour Force Survey estimates, and the average unemployment rate declined somewhat. Given these patterns, the Centre for Monitoring Indian Economy data set, despite its own problems, seems to be casting a more realistic picture.

 

COVID-19 Lockdown and Human Development

Maharashtra has emerged as the epicentre of the COVID-19 pandemic. In the trade-off between lockdowns to flatten the infection curve and saving an already slow economy, there is a significant human cost, thus exposing and deepening the existing structural inequalities. The article maps and analyses the impact of the first wave of the COVID-19 pandemic and the subsequent lockdown based on the three dimensions of human development—health and nutrition, education, and livelihood. Given the acute shortage of food supplies for certain groups during the period, the article examines the government response by analysing the implementation of food programmes.  

 

District-level Estimates of Unemployment Rates in Odisha

This article describes the possibilities of using an alternative method, such as small area estimation, for generating district-level unemployment estimates with higher precision. The SAE method is applied to generate the unemployment rate of different districts of Odisha combining the Periodic Labour Force Survey 2018–19 data of the National Sample Survey Office and the auxiliary variables from other secondary data sources.

 

Utilisation of Government Borrowings in Major Indian States

Fiscal sustainability is a key element for subnational governments in India as fiscal policy is the only instrument that can be used to correct economic malady. As far as state government finances are concerned, subnational financial stability can be understood as the capacity to generate adequate resources to afford their expenses on a sustained basis. An analysis of subnational fiscal sustainability, through a study of utilisation patterns of total debt receipts of state governments, is undertaken for 17 major Indian states during 1980–81 to 2014–15. The results indicate wide fluctuations among the states. While Kerala, Punjab, and West Bengal have shown poor and unproductive utilisation of debt receipts, Punjab has witnessed maximum instability.

 

A Micro-ethnographic Study on Provision and Access of Public Goods in an Indian Village

A micro-ethnographic study is done in a village using participatory research tools in order to highlight the patterns of public goods segregation and access. The factors influencing the social groups in their decision-making at the local level are also highlighted.

Lessons from Sri Lanka

Ethnocracy and concentration of power can derail even an affluent nation.

 

Making Digital Financial Inclusion a Reality

Technology has had a disruptive effect on the delivery of fi nancial services, and adoption of digital solutions could help accelerate fi nancial inclusion. This article creates a road map for digital fi nancial inclusion in India using the framework based on the eight high-level principles of G-20 nations. While evaluating the progress under each one of these principles, the article concludes with policy recommendations both on supply and demand sides to achieve the coveted digital fi nancial inclusion.

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