-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
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Real rural wage growth back in negative territory
-Livemint.com Rural workers’ real wage rate growth was very high in 2014, but has fallen dramatically since then Rural wage growth for men for both agricultural and non-agricultural occupations (simple average) was 3.53% in March from a year ago. But consumer price inflation for rural India was 4.44% in March. That means the real rural wage growth, or wage growth after taking inflation into account, was negative during the month. In other...
More »RTI Reveals Steep Decline in Disbursal of Minority Scholarships Since 2014 -Majid Alam and Adil Bhat
-TheWire.in While the pre-matric and post-matric scholarships recorded staggeringly low numbers of beneficiaries, the merit-cum-means scholarship, which is given to students enrolled in professional courses, was less affected. New Delhi: Recently, at a conference on ‘Islamic Heritage: Promoting Understanding and Moderation’ in New Delhi, Prime Minister Narendra Modi said in a speech, “The Government of India is leaving no stone unturned in empowering the Muslim youth. We want them to have the...
More »The paradox of job growth -R Nagaraj
-The Hindu Besides the missing informal sector, over-estimation of output growth also offers clues Are the latest employment estimates by the Central Statistics Office (CSO) factually correct? No. They are off the mark, and confined to the economy’s organised or formal sector, accounting at best for 15% of the workforce. Is there a paradox in high output Growth Rates and the marginal effect on employment? Probably not, if one acknowledges that GDP...
More »Over-cultivation of water-guzzling rice crop threatens to deplete state's groundwater reserves -Arjun Sharma
-Firstpost.com Chandigarh: Two years ago, Charan Singh's tubewell ran dry just before the paddy-sowing season could start. The rice farmer, who cultivates four acres of land in the Mansa district of Punjab, had been pumping water from 45 feet below the surface. Now he had to dig another, deeper well. Like Charan Singh, 36, thousands of farmers across Punjab are astonished at the speed at which groundwater, their principal source of water...
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