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Only 8.4 crore poor in India, claims a new study -Sunitha Natti

-The New Indian Express The authors conclude that the record pace of poverty reduction was due to high Growth rate. Only 84 million (8.4 crore) Indians are poor as on 2017 down from 270 million in 2011, claims a new study. It also states that poverty, as per the Tendulkar Poverty line, reduced from 14.9 per cent in 2011 to 7.0 per cent in 2017 -- the fastest pace the country has seen...

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Story of budget '20, in 9 charts -Team Plain Facts

-Livemint.com With no significant spending increase to boost consumption or other major reform, the 2020 budget may lack the firepower to reignite the economy A Growth slump, a precarious fiscal position and rising inflation: these are extraordinary times for the Indian economy. Yet in the 2020 Budget, these extraordinary times did not lead to the extraordinary measures so many economists were clamouring for. Like previous budgets under this government, the latest one...

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Modi govt at work! Double whammy of unemployment and price rise -Subodh Varma

-Newsclick.in Joblessness is zooming, inflation is at six-year high led by food inflation, exports are down further, industrial production is stagnant and investment is at a standstill. In the last six months or so, the Modi government has supposedly been paying close attention to the sinking economy, with a flurry of meetings, announcements of freebies to corporates, fervent assurances to markets and budget shenanigans to supposedly keep the deficit in check and...

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How Bangladesh is outperforming India, writes Karan Thapar

-Hindustan Times Be it Growth, enhanced investment, life expectancy, literacy, and health, Bangladesh is doing well Frankly, I blame Henry Kissinger. Way back in the 1970s, he called Bangladesh “an international basket case”. At the time, no doubt, it was. Television images of the frequent devastating floods it suffered confirmed this characterisation. So the description stuck. Today, Bangladesh is a different country. The world may be slow in changing its opinion —...

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Car sales fell by over 8% last month compared to January 2019: SIAM

-IANS According to Rajan Wadhera, President of industry body Society of Indian Automobile Manufacturers (SIAM), which gives out the auto sales numbers, the overall slump in vehicle sales in India was due to the 'rising cost of vehicle ownership and slower Growth in GDP'. Cheaper lending rates in the country along with the government's booster via tax cuts seem to have had little effect on vehicle sales in January, with car sales...

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