-ThePrint.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions...
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Quality of work matters, and not just job creation
Contrary to the rising economic distress on the ground since the last few years, the official press release related to the fourth Annual Report on the Periodic Labour Force Survey (PLFS) at first glance seems to give a rosy picture about the employment situation in India. Defined as the percentage of persons unemployed among the persons in the labour force, the unemployment rate in usual status (principal activity status + subsidiary economic activity status)...
More »What’s ‘stopping’ India Inc from investing in India? -Vivek Kaul
-Newslaundry.com The Finance minister asked a valid question. Here’s the answer. Last Tuesday, Finance minister Nirmala Sitharaman asked India’s corporate honchos why they were not investing in the Indian economy. “I want to hear from India Inc,” she said, “what’s stopping you when countries and industries abroad think this is the place to be.” This is a valid question. In this piece, we will try and piece together why India Inc, as corporate India...
More »Ratan Tata and Justice K.T. Thomas appointed as trustees for PM Cares Fund
-The Telegraph The ambit of the corpus created to fight public health emergencies widened but its veil stays intact The veil on the PM Cares Fund — the corpus created to battle the Covid-19 crisis without the tiresome need for any audit scrutiny — remained firmly in place even as its newly-appointed trustees decided on Wednesday to widen the scope of its operations. Prime Minister Narendra Modi chaired a virtual meeting of the...
More »Why this is going to be a tough year for economic policymaking -Montek Singh Ahluwalia
-Livemint.com The RBI will face the difficult choice of either intervening strongly to ‘manage volatility’ at the risk of losing reserves or letting the currency ‘find its own level’. India’s ministry of Finance struck an upbeat note in its August economic review when it asserted growth is “robust" and inflation is “under control". It then quite rightly balanced the optimism with the qualification “there is no room for complacency". Truth be told,...
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