-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for...
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RSS blames RBI for economic slowdown, defends Modi govt policies -Anjali Das
-National Herald/ IANS Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy. "The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and...
More »CSOs are unhappy with the way the Economic Survey 2018-19 & the Union Budget 2019-20 dealt with MGNREGA
-Press release by NREGA Sangharsh Morcha and Peoples' Action for Employment Guarantee (PAEG) dated 9 July, 2019 Even as many parts of the county suffer from drought, the new government at the centre has allocated a mere Rs 60,000 crores for the National Rural Employment Guarantee Act (NREGA) for the ongoing financial year. This is Rs 1,084 crore less than the revised budget estimate for 2018-19. Expenditure would have been much...
More »Economic growth may have slipped below 7% in FY19, lowest in 5 years: ET Poll - Kirtika Suneja
-The Economic Times January-March quarter growth may have slumped to 6-6.3% against 6.6% expansion in the preceding one. NEW DELHI: India’s economic growth is likely to have slipped below 7% in FY19, the lowest in the past five years, because of a disappointing fourth quarter. That could prompt a further cut in interest rates by the central bank and renewed efforts by the incoming government to drum up demand and private investment,...
More »NDA trounces agrarian crisis to win rural areas -Jitendra
-Down to Earth Despite the rural hinterland being in the throes of agrarian distress, the incumbent coalition has won handsomely in these very areas The incumbent Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) has beaten all odds to win the 2019 Lok Sabha elections. Prominent among these odds was the agrarian crisis that rural India is currently in the throes of. Since 2014, the country has suffered two major droughts and 850-odd...
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