-Livemint.com There is good reason to doubt the reported decline in the informal sector’s share of Indian GDP A State Bank of India (SBI) report that grabbed headlines recently suggests that India’s informal sector has shrunk dramatically in recent years. Given that the claim comes from the economic research team of a major state-owned financial institution, it deserves scrutiny. The SBI report examines the likely loss of output or gross domestic product (GDP)...
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Why Chennai’s Flooding Problem Won’t Be Solved for Another 10 Years -Raj Bhagat Palanichamy
-TheWire.in Many parts of Chennai have been inundated after heavy rains – up to 22 cm – last night. The city, like all others in India, faces a wide range of issues and is unlikely to solve any of its problems related to urban flooding within the next 10 years. Many parts of Chennai have been inundated after heavy rains – up to 22 cm – last night. The city, like...
More »The Govt Has Spent Crores But Failed to Find a Viable Alternative to Stubble Burning in Punjab -Vivek Gupta
-TheWire.in In the last four years, a total of Rs 1,050.68 crore was given to Punjab, of which Rs 235 crore was released in the financial year 2021-22; however, the field fires are far from over in the state. Chandigarh: Despite the Union government spending over Rs 2,000 crore to tackle stubble burning over the last four years, the issue continues to smother north India, leading to severe dips in air quality...
More »From diamond to dust: Five years after demonetisation in India -Aarefa Johari & Rohan Venkataramakrishnan
-Scroll.in The shock move devastated India’s informal economy. Many small businesses never recovered, as a supply chain at the intersection of diamonds and plastic shows. Up till 8.30 pm on the night of November 8, 2016, Muniram Yadav was blissfully unaware of the announcement that had shaken the country just thirty minutes before. He was engrossed in work, in a tiny workshop in Mumbai’s Sakinaka suburb, supervising four labourers as they carried...
More »Demonetisation: A circus, clowns and a silver bullet -James Wilson
-National Herald Five years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of black...
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