-The Hindu Slowdown in the economy was led by sluggish growth in the agriculture, forestry and fishing sector (2.9% growth), the mining sector (1.3% growth) and manufacturing (6.9%). India’s GDP grew at 5.8% in the January-March 2019 quarter, dragging down the full year growth to a five-year low of 6.8%. The unemployment rate in the country rose to a 45-year high of 6.1% in 2017-18, as per official data released on the...
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Unemployment rate at 6.1% in 2017-18, says labour force survey which was withheld earlier
-The Indian Express The PLFS, however, said “compared to the quinquennial rounds, in 2017-18 the unemployment rates in both usual status (ps+ss) and CWS were higher for both males and females”, but added that the figures have to be read with explanatory note for comparability. New Delhi: The country’s unemployment rate stood at 6.1 per cent in 2017-18, the Periodic Labour Force Survey (PLFS) report which was withheld earlier and released...
More »Joblessness at 45-year high, but NSO adds a caveat
-The Times of India NEW DELHI: A little over 6% of India's labour force was unemployed in 2017-18, the latest year for which government released data on Friday. The unemployment rate is identical to the rate mentioned in a report leaked in January this year, which had showed unemployment to be at a 45-year high. The leaked report had triggered a major controversy, with the opposition parties slamming the government for its...
More »New economic numbers set alarm bells ringing -KR Srivats
-The Hindu Business Line Q4 GDP growth is at 5.8%; joblessness is highest in 45 years Four different macroeconomic data points released on Friday — GDP growth, fiscal deficit, unemployment numbers and core sector data — brought to the fore the enormous challenges the Modi 2.0 team faces in resurrecting the faltering economy and restoring the confidence of investors. The four macro data points — albeit for different periods — present a less-than-optimistic...
More »CIC tells RBI to give defaulters names to RTI applicant
-Deccan Chronicle The RTI Act provides for a two-stage dispute resolution process. Mumbai: The Central Information Commission (CIC) has directed the RBI to disclose the list of big loan defaulters it had sent to various banks for resolution. The CIC's directive came while deciding on a plea by an RTI activist, who had based the Right to Information application on media reports that RBI Deputy Governor Viral Acharya in a lecture in 2017...
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