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Our employment data should be interpreted cautiously -Himanshu

-Livemint.com This is the fourth report in the PLFS data series and offers information on both employment and unemployment for rural as well as urban areas. Earlier this week, India’s ministry of statistics and programme implementation released the annual report of the Periodic Labour Force Survey (PLFS) for the reference period July 2020 to June 2021. This is the fourth report in the PLFS data series and offers information on both employment...

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Binary equation -Renu Kohli

-The Telegraph Can stability be achieved by sacrificing growth? Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That’s the worry with policies swinging to address price, exchange rate and external stability. This is not to say that growth has receded to secondary position. But as interest rates harden and fiscal policy...

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India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report

-PTI/ The Hindu “India’s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery” The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report. "However, economic activity rebounded strongly in the second half...

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Trade deficit widens to record $23.33 bn -Vikas Dhoot

-The Hindu Exports rose 15.5% in May while imports surged 56.1% to stay above $60 bn for third month India’s merchandise trade deficit widened to a monthly record of $23.33 billion in May, as exports grew 15.5% to $37.3 billion while imports jumped 56.1% to $60.62 billion, as per preliminary data from the Commerce and Industry Ministry. The previous highest monthly trade deficit was last November’s $22.91 billion. Goods exports shrank 7.2% from...

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Forget minimum wages, MGNREGA workers not even receiving notified wages in many states

Every year in the month of either February or March, the Ministry of Rural Development (MoRD) announces the notified MGNREGA wage rates (i.e., notified daily wage rates for MGNREGA workers) for various states and Union Territories (UTs) for the upcoming financial year. The MGNREGA rates are notified every year based on the increase in Consumer Price Index for Agricultural Labourers (CPI-AL). Like the previous years, in 2021 too, experts and civil...

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