-Newsclick.in Reviving the economy requires, apart from social peace, a powerful fiscal intervention going well beyond what neo-liberalism allows. Changes in estimation methods have of late made statistics on the Indian economy increasingly bewildering; besides, whenever the statistics show the performance of the economy in a poor light, the Bharatiya Janata Party (BJP) government simply suppresses them. Nothing, however, can suppress the fact that the Indian economy is sliding into a serious...
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NSO will not release report showing first decline in consumer expenditure in 40 years -Somesh Jha
-TheWire.in Consumer spending surveys help set the base year for key macroeconomic data, including gross domestic product. New Delhi: More than a month after National Statistical Commission (NSC) chairman Bimal Kumar Roy said the official survey report showing a dip in consumer spending for the first time in over four decades would be made public, the autonomous data body decided against releasing the report. When asked why the NSC departed from its earlier...
More »MGNREGA allocation is way off the mark to uplift the rural economy & address economic downturn, say Right to Work activists
The Union Budget 2020-21, which was presented by the Finance Minister Smt. Nirmala Sitharaman on 1st February, 2020 has failed to impress civil society activists and farmers' rights groups (click here and here). Through their press releases and notes, members of CSOs were demanding as well as suggesting the Union Government for hiking the budgetary allocation for schemes like Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Pradhan Mantri...
More »Budgetary allocations to agricultural and rural sector is meagre, alleges ASHA
-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
More »Redesigning India's ailing data system -RB Barman
-The Hindu The present national accounting and analytical framework misses out on many key dimensions of a complex economy The new series of Gross Domestic Product (GDP) figures with 2011-12 as base, released in 2015, has not gone well with analysts; the withholding of employment-unemployment data for some time and consumer expenditure data, which is not released, added to this unease. Bringing the National Sample Survey Office (NSSO) under the fold of...
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