-Newsclick.in The Centre had promised to release funds in a week’s time about two weeks back. At a time when the crisis-ridden economy has pushed millions against the wall, with many not being able to make ends meet, the employment guarantee scheme (Mahatma Gandhi National Rural Employment Guarantee Act, 2005) is adding to the distress of the poor—instead mitigating it. In Rajasthan, funds that are yet to be released for the payment of...
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Double trouble: On uneven inflation and sluggish growth
-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
More »NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye -Dinesh Unnikrishnan
-Firstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...
More »The cost of food
-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
More »Child Undernutrition in India: A Tale of Two Surveys -Sunny Jose
-Economic and Political Weekly The child undernutrition estimates from the Comprehensive National Nutrition Survey, 2016–18 reveal that many Indian states have made substantial decline, reversing their poor past record in wasting, ranging from 7 to 14 percentage points within just 30 months. Is it really possible to make such a large decline in such a short span of time? Or, does this point to an anomaly in data or estimation? Please click...
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