-TheWire.in Reports on education ignore the fact that students in public and private schools are vastly different. Reform is necessary, but there are no silver bullets. The ASER report paints a grim picture of what is (not) happening in Bihar’s schools. Only around 24% percent of children in Class III can read a Class II text. A little more than half the enrolled children are present on any given day. More than...
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Retail inflation eases to 18-month low in Dec.
-The Hindu Wholesale inflation at eight-month low Inflation in December eased at both the retail and wholesale levels with the consumer price index (CPI) coming in at an 18-month low and the wholesale price index (WPI) registering an eight-month low mainly due to falling fuel prices, according to two separate releases by the government on Monday. Growth in the CPI stood at 2.19% in December, down from the 2.33% registered in November. The...
More »Why credibility of India's fiscal math is under strain -Nikita Kwatra
-Livemint.com Unless the convoluted arithmetic behind fiscal deficit gets as much attention as headline fiscal deficit number, creative accounting practices will go on Mumbai: The Narendra Modi-led National Democratic Alliance (NDA) government has been lauded for its ability to rein in the headline fiscal deficit over the past few years, which has arguably helped tame inflation. However, with reverses in key assembly elections earlier this month and Lok Sabha elections to be...
More »Costlier food, fuel push Sep wholesale inflation to 2-month high of 5.13%
-PTI Inflation in 'fuel and power' basket in September was 16.65 per cent Inflation based on wholesale prices rose to a two-month high of 5.13 per cent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year. According to the government data released Monday, food...
More »Consumption-driven GDP growth unhealthy for Indian economy -Manas Chakravarty
-Livemint.com A consumption-driven growth not only fuels inflation, but also can arguably lead to a slackening of future growth Economic growth of 8.2% for the June quarter may have beaten all estimates, but the big question is: what kind of growth is it? Is the economy firing on all the engines of domestic consumption, investment demand and external demand? Let’s look at the numbers. The anecdotal evidence of a spurt in consumption growth...
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