-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....
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Recovery analysis that points out what India got wrong -Suvojit Chattopadhyay
-The Hindu Being fiscally conservative resulted in a rise in extreme poverty, with there being no signs of any course correction A recent World Bank report, titled “Correcting Course”, captures the impact of the COVID-19 pandemic on global poverty. The number of people living in extreme poverty rose by seven crore million in 2020, as the global poverty rate rose from 8.4% in 2019 to 9.3% in 2020. This is the first...
More »41.5 crore Indians exited multi-dimensional poverty since 2005-06 -Jagriti Chandra
-The Hindu 22.8 crore in India still multi-dimensionally poor, of whom 9.7 crore are children As many as 41.5 crore people exited poverty in India during the 15-year period between 2005-06 and 2019-21, out of which two-thirds exited in the first 10 years, and one-third in the next five years, according to the global Multidimensional Poverty Index (MPI) released on Monday. The report produced by the United Nations Development Programme (UNDP) and the...
More »COVID-19 lockdown meant no MGNREGA work for 39% job card holders -Himanshu Nitnaware
-Down to Earth Over 2,000 households surveyed across four states; Massive expansion of work scheme needed to meet demand, finds study About 39 per cent of all job card holders seeking work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005 did not get a single day of work during the national lockdown imposed due to the COVID-19 pandemic in 2020-2021. The findings were revealed by a study conducted by Azim...
More »Mid-day meal price hike less than Re 1 as food inflation hits record level -Taran Deol
-Down to Earth The annual rise of material price came after a pause of 2 years because of the pandemic The Centre has increased allocations for materials cost for mid-day meals at schools by 9.6 per cent, after two unprecedented years of the COVID-19 pandemic. The measure, however, is insufficient to protect against rising inflation, stakeholders and experts complained. In absolute figures, the hike translates to a measly 48 paise for a primary...
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