-The Indian Express The daily wage rate in rural India for male workers across 25 occupations (12 agricultural and 13 non-agricultural) averaged Rs 331.29 during September, as per field data compiled by the Labour Bureau. Real rural wages Growth has fallen to an all-time-low of minus 3.8% in September, further confirming the deep structural slowdown in ‘Bharat’ that is also evidenced in sluggish fast-moving consumer goods (FMCG) and two-wheeler sales. The daily wage...
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India is a country with pervasive inequality, pockets of deep deprivations and vulnerable populations -Shoko Noda
-The Indian Express The 2019 Human Development Report points to the limits of economic Growth in lifting all boats. It also offers a way forward. Grappling with Delhi’s poor air quality for these last couple of months, I have become aware of a stark difference in the way I cope with air pollution, and the way many others do not — because they cannot. Despite the growing evidence detailing the catastrophic impact...
More »Economic slump: India's rickety bridge over troubled waters -Dev Kar
-TheWire.in Sustaining Growth amidst a global economic slowdown would require tackling corruption. Raghuram Rajan, the-then outgoing Governor of the Reserve Bank of India, in an exit interview he granted to Karan Thapar (‘To The Point’, YouTube, September 2, 2016), took satisfaction from the fact that India was “on a more sustainable Growth path”. The remark turned out to be premature. Less than two years later, starting the first quarter of FY 18/19, ominous...
More »Can a cut in tax rates pull the economy out of the woods?
-The Indian Express A cut in income tax will naturally mean a loss of revenue for the government, which will impact the fiscal deficit. The quantum of the revenue loss will depend on how deep the tax cut is. Finance Minister Nirmala Sitharaman has said that the government is considering cutting tax rates to revive Growth. “Tax rate cut is one among the many things we are thinking to boost Growth,” Sitharaman...
More »Government working on more measures to boost economy: Nirmala Sitharaman
-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP Growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several measures...
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