-Financial Express The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from Rs 6.5 lakh crore in the previous fiscal year 2018-19. Rs 1.1 lakh crore worth of high denomination notes of Rs 2,000 vanished from the system in just one year. The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from...
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Desperate economic situation calls for immediate boost to government expenditure -Prabhat Patnaik
-National Herald Universal cash transfer to non-income tax households is imperative apart from covering investment on infrastructure, including social infrastructure like healthcare A striking aspect of the 24 per cent decline in GDP in the first quarter of 2020-21 compared to the previous year’s first quarter is the decline by 10.3 per cent in public administration, defence and other public services. This is a sector where the GDP is estimated not by...
More »‘Bamboo shoots can be among cheapest immunity boosters’ -Rahul Karmakar
-The Hindu They contain 17 amino acids, 8 of which are essential: experts The tallest grass on earth at its smallest could be among the cheapest immunity boosters for increasing the human body’s resistance to viral attacks, experts have said. The bamboo, considered the grass of life in the northeast, takes care of almost every requirement from birth to death. But the focus of more than 25 experts from 11 countries who converged...
More »6 million white-collar workers lost their jobs during the lockdown -Prashant K Nanda
-Livemint.com * While 5.9 million white collar workers lost their jobs between May-August 2020, over the previous four months ended 30 April, this job loss number stood at 6.6 million when compared with May-August 2019 * Continued curbs and localized lockdowns have hit economic recovery and employment prospects NEW DELHI: Almost six million white-collar workers, including engineers, physicians, teachers, accountants and analysts, lost their jobs between May and August, the Centre for Monitoring...
More »In first, Jharkhand gets social audit team to boost NREGA work demand -Abhishek Angad
-The Indian Express According to officials, this is a big shift in the work demand process—separating demand generating and implementing agencies—and is likely to change the way MGNREGA functions in the state. In what the Jharkhand government says is the first such move by any state, the Rural Development Ministry has started capturing work demand under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) through its social audit unit (SAU), generating nearly...
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