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‘States soon to be ranked on poverty index parameter’

-The Hindu Business Line The MPICC will hold workshop to take State Reform Action Plan forward A Multidimensional Poverty Index (MPI) Parameter Dashboard to rank States and UTs and a State Reform Action Plan (SRAP) are at an advanced stage of development, according to the NITI Aayog, the nodal agency for the Global MPI to drive reforms in India. “The inaugural meeting of the MPI Coordination Committee (MPICC) was held on September 2,...

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Growth in agriculture is not remunerative to Indian farmers -Richard Mahapatra

-Down to Earth Exceptional growth in agriculture and acreage in kharif season precipitate a crisis like never before for farmers   In recent times, agriculture made headlines for all the wrong reasons: Farmers quitting cultivation; the sector turning into a perennial loss-making enterprise; and the country’s official policy to downsize the dependence on agriculture to reduce overall economic hardship among the poorest of the population. Agriculture’s fast-declining economic importance reached such an extent...

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Reversing the economic reversal -Pulapre Balakrishnan

-Hindustan Times Don’t bank on V-shaped recovery. The Centre must discard dogmas, enhance investment News of a contraction of almost 24% of the gross domestic product (GDP) in the first quarter of this year would have come as a shock to every responsible citizen. The degree of contraction exceeds that in any major world economy. This is not surprising as India combined the world’s most stringent lockdown with the weakest economic stimulus. For...

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Steady rise in share of daily-wagers in suicides, 23% in 2019 -Harikishan Sharma

-The Indian Express At nearly a quarter of the suicides, or 32,563 of the total 1,39,123, the daily-wage earners comprised the largest chunk of such deaths recorded by the National Crime Records Bureau (NCRB) last year The share of daily-wage earners among those who died by suicide has been steadily rising, doubling to 23.4 per cent in 2019 as compared to six years before. At nearly a quarter of the suicides, or 32,563...

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Explained: Forex reserves at all-time high — why did this happen, and what does it mean for India’s economy? -George Mathew and Sandeep Singh

-The Indian Express The current situation stands in stark contrast to the one in 1991, when India had to pledge its gold reserves to stave off a major financial crisis. In March 1991, India had forex reserves of a mere $5.8 billion; today, the country can depend on its soaring foreign exchange reserves to tackle any crisis on the economic front. India’s foreign exchange (forex) reserves surged by $3.883 billion to touch...

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