-Hindustan Times Currently, two of the Government of India’s (GoI) largest schemes focussed on reviving the rural economy have been the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). With food inflation hitting 14% in December 2019 and real rural wages declining for eight consecutive months (latest data available till October), rural India is among the worst hit by the current Economic slowdown. Providing...
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Refrain within BJP: Economy big worry, may spill onto streets -Ravish Tiwari
-The Indian Express The BJP leaders, however, said they hope the Budget may be able to instill some confidence and arrest the current downward slide. While the BJP has publicly ratcheted up heat against CAA-NPR-NRC protests with an eye on Delhi elections, several responsible functionaries within the party and the government privately acknowledge that Economic slowdown as the real concern. “The biggest fear is if growth doesn’t pick up, it will spill onto...
More »Maggi, fridge, clothes, mobile data, booze -- nothing is selling in slowdown-hit rural UP -Sanya Dhingra
-ThePrint.in Kids are denied lunch and weddings are austere as rural consumption takes a beating due to Economic slowdown. ThePrint travels through UP to meet people caught in the crisis. Jagatpur/ Jayapura: It is peak wedding season in Jagatpur village in Rae Bareli, Uttar Pradesh. And while India’s Economic slowdown has not stopped people from getting married, it has drastically shrunk 21-year-old Naushad’s once-booming tailoring business. Please click here to read more. ...
More »Budget 2020: With eyes wide shut, Modi govt gropes for solutions -Subodh Varma
-Newsclick.in Tax collections have plummeted and Modi Govt is scrambling to cut spending by Ministries, further deepening the crisis. For the first time in two decades, corporate and income tax collections are expected to fall in 2019-20. This is an indication of the gigantic mess created by the Narendra Modi government with its dogmatic commitment to reduce taxes on corporates and squeeze its own expenditure to supposedly boost the flagging economy. As...
More »Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee
-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position...
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