-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...
More »SEARCH RESULT
Total Matching Records found : 5694
Ex-Chief Statistician Pronab Sen: For data credibility, need to fix calendar for its release -Aanchal Magazine & Anil Sasi
-The Indian Express As of now, the government does have a calender for release of data sets such as national accounts, Index of Industrial Production and inflation. But there are no specific timeline for release of labour force statistics and consumption expenditure surveys. Putting in place a release calendar for all official economic data sets and ensuring their timely release is key to restoring the credibility of India’s statistics, according to Pronab...
More »With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak
-The Indian Express To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day. That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to...
More »Is MGNREGS the answer to the rural slowdown? -Sneha Alexander & Nikita Kwatra
-Livemint.com MGNREGS could alleviate rural distress but, in its current form, its overall impact on the rural economy is limited in scope With rural distress deepening across India and private consumption growing anaemically, calls for ramping up the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), are growing louder ahead of the upcoming budget. Proponents of MGNREGS believe that it may be the only ammunition in the government’s arsenal to fight rural...
More »How deep is India's fiscal hole? -Nikita Kwatra
-Livemint.com Taking into account a likely shortfall in revenue and off-budget spending, the real fiscal deficit could be as high as 5.5% of GDP in the current fiscal Mumbai: As India’s economic slowdown has intensified, so has the debate on whether the government should stick to fiscal consolidation or run a higher deficit to push growth in the upcoming budget, due on 1 February. However, data on revenue available so far suggests that...
More »
