-The India Forum The government's lack of respect for national surveys on consumption has meant that the door has been opened to preparation of unofficial estimates on poverty made on questionable assumptions. Two such recent estimates highlight the need to resume collection of data to get a true picture of poverty The government of India does not seem to be interested in knowing how many poor there are in the country. The missing...
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A poverty trend in search of an explanation -Pulapre Balakrishnan
-The Hindu The delay in household consumption expenditure survey leaves us unsure of the studies A noticeable absence in the blitzkrieg of information on the economy periodically unleashed by the Union government over the past few years has been estimates of poverty. A measure of the progress made with respect to the reduction of poverty in India is crucial to an assessment of the state of the economy of India, known to...
More »The story behind the big GDP-GVA gap -Pragya Srivastava
-Livemint.com Yet again, two measures of India’s economy— ‘gross value added’ and ‘gross domestic product’—have grown at widely different paces. While change in GDP significantly lagged the change in GVA in FY21, the story was opposite in FY22, says data released Tuesday. Mint explains: What is the difference between GVA & GDP? Gross value added (GVA) adds up the value of all goods and services produced in an economy after deducting the input...
More »Why Telangana’s inflation is high compared to other states -Paul Oommen
-TheNewsMinute.com Telangana is among four states that have recorded the highest inflation in terms of Consumer Price Index, as per data released by the National Statistical Office (NSO). In April, when the country’s retail inflation surged to an eight-year-high of 7.79%, state-wise data showed that Telangana had one of the highest inflation rate in the country: 9.02%. It was behind two other states—West Bengal which had 9.12% and Madhya Pradesh with 9.10%....
More »Forget minimum wages, MGNREGA workers not even receiving notified wages in many states
Every year in the month of either February or March, the Ministry of Rural Development (MoRD) announces the notified MGNREGA wage rates (i.e., notified daily wage rates for MGNREGA workers) for various states and Union Territories (UTs) for the upcoming financial year. The MGNREGA rates are notified every year based on the increase in Consumer Price Index for Agricultural Labourers (CPI-AL). Like the previous years, in 2021 too, experts and civil...
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