-TelanganaToday.in Pvt consumption and investment (90% of GDP) have shrunk 35% and revised numbers could present a scarier picture On 31st August, the National Statistical Office (NSO) came out with the provisional estimate of the GDP. According to this, the GDP shrunk by 23.9% during April, May and June as compared with the first quarter of the last financial year (2019-20). Aggregate private final consumption expenditure contracted 26.7% and investment (including gross...
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The dispensable India: Data shows how DNTs, Adivasis, Dalits, Muslims bore Lockdown brunt -Anusha Chandrasekharan
-Down to Earth These communities have suffered on most social indicators due to a mix of poor logistics as well as prejudice and ostracisation Dalit, Muslim and Adivasi households and neighbourhoods have suffered terribly in the aftermath of the novel coronavirus disease (COVID-19) pandemic in the months following the declaration of the countrywide Lockdown, data collected by a group of civil society organisations has showed. These communities were not able to avail...
More »Nearly 18.2% households in Bihar demanded MGNREGA work in the current financial year (till Aug 31st) but did not receive it, shows a recent tracker by Peoples' Action for Employment Guarantee
-Third MGNREGA tracker by Peoples' Action for Employment Guarantee (PAEG), released on 4th September, 2020 The latest tracker of the Peoples' Action for Employment Guarantee (PAEG) focuses on the state of implementation of MGNREGA in Bihar. The state has witnessed devastating floods that have affected the lives and livelihoods of numerous residents of Bihar. In addition, the state government itself admits to the return of nearly 18 lakh migrant workers back...
More »Is MGNREGA in danger of running aground because of insufficient allocations in the COVID-19 pandemic? -Debmalya Nandy
-Gaon Connection As against the current allocation of Rs 101,500 crore towards MGNREGA this financial year, there is a need for an additional allocation of Rs 100,000 crore towards the programme to meet the work demands of rural population. As of August 24, the Government of India is left with about Rs 45,000 crore for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), and there are still seven months to go in...
More »India must aim for wider consumer base, direct public spending accordingly -Suvodeep Rakshit and Avijit Puri
-The Indian Express To achieve economic growth of 7-8 per cent, the government needs to start addressing some of the traditional sore points such as the large infrastructure deficit, the weak financial sector, archaic land and labour laws, and the administrative and judicial hurdles. India entered the pandemic with declining growth and limited scope for a conventional and large fiscal stimulus. We had noted in an article (IE, January 20, ‘Limited scope...
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