-TheWire.in The new scheme, similar to other programmes launched by the Modi government, shows how divorced Lutyens Delhi is from the dust and grime of real India. The NDA Government in its last budget before the election has announced an ambitious pension scheme for unorganised sector workers. Given its tendency for hyperbole, the scheme is already being touted as the largest pension scheme in the world with 100 million potential beneficiaries. It would...
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Modi Govt Will Prepare New NSSO Report to Show 'Increase in Jobs', Says PM's Economic Advisor
-News18.com The leaked report recorded unemployment rate of 6.1 percent in 2017-18, giving the opposition Congress ammunition to attack and pushing the NDA Government in defensive mode. New Delhi: A day the National Sample Survey Office’s Periodic Labour Force Survey recorded the unemployment rate in India at a 45-year-high, Prime Minister’s Economic Advisor, Bibek Debroy said that they will prepare a fresh jobs report. “The survey will show that there has been...
More »Modi Launches a Startling Pre-Election Budget, Massaged by Creative Accounting -Jayati Ghosh
-TheWire.in The aggregate macroeconomic impact of this Budget cannot really be assessed, since the actual fiscal stance is now so opaque. Let’s get one thing clear. This is not an interim Budget, whatever the government finally agreed to call it. The sweeping promises made on both expenditure and taxation fronts are well beyond the limited minor changes that are supposed to be allowed in a vote-on-account or interim Budget. For a government that...
More »The mistaken obsession with the fiscal deficit -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org It’s that time of year again – the time when all eyes turn to those magic numbers, the actual and proposed fiscal deficits of the central government as shares of GDP. Breathless news anchors will interrogate financial investors on what the numbers mean, and why 3.5 per cent or 3.7 per cent is fatally worse than, say, 3.4 per cent or 3.2 per cent or less. Everyone will breathe a...
More »Two Members of India's National Statistical Commission Quit in Protest -Anuj Srivas and Jahnavi Sen
-TheWire.in P.C. Mohanan and J.V. Meenakshi – the only two non-government members of the commission – tendered their resignations because of the body's ineffectiveness. New Delhi: The only two non-government members of India’s National Statistical Commission have resigned, leaving just chief statistician Pravin Srivastava and NITI Aayog’s Amitabh Kant at the head of a body that is the apex advisory organisation for all of the country’s core statistical activities. According to sources with...
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