-Newsclick.in The ruling party has won just 18% of municipal council wards and 12% of municipal panchayat wards. Contrary to the euphoria being exhibited by the mainstream media and BJP, results of the UP civic body elections are not a one sided victory of the ruling BJP. If anything, these results coming so close to the state Assembly elections held earlier this year, show the rapid disenchantment taking place with the BJP...
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The Truth That GDP Figures Conceal -Bodapati Srujana
-Newsclick.in The estimated growth rate for the second quarter has Been declared as 6.3%, but this is nothing that an average Indian should celebrate. The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has Been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India’s economic growth is back on track. According to...
More »Turning the corner -Ajit Ranade
-The Hindu The next few quarters call for focus on consumption, private investment, agriculture and exports There was a collective sigh of relief when the second quarter GDP data were released officially by the Central Statistics Office (CSO). The government folks were relieved that a declining trend of four consecutive quarters of growth had finally Been reversed. The forecasters and economists were relieved that the announced data had mostly conformed to their expectations....
More »NREGA wage payments are being withheld by the Centre, alleges civil society organisations
-Press Note from NREGA Sangharsh Morcha Since the start of the FY 18, we have pointed out the willful misrepresentation of delays in wage payments, incomplete calculation of the full extent of compensation due to workers and the under provisioning of budgets for the program. In August, we released a report by independent researchers, that used the Ministry of Rural Development’s own data to show how the Central Government is deliberately...
More »Concern over bail-in -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Politicians of various stripes have started to raise red flags about a provision in a bill that the Narendra Modi government intends to move in the Lok Sabha in the upcoming winter session, which could theoretically allow beleaguered banks and financial institutions to scoop up depositors' money to stop them from going bust. It is called a "bail-in" - a concept coined during the European banking crisis of...
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