-ThePrint.in GDP per capita of $1,940 shows the average Indian is less prosperous than those in some of our neighbouring countries. New Delhi: India is now the sixth largest economy in the world with a Gross Domestic Product (GDP) of $2.597 trillion, according to World Bank data for 2017, updated this week. It has surpassed, among other countries, France which has a GDP of $ 2.582 trillion. The data points to a rapidly...
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Arvind Subramanian, outgoing Chief Economic Adviser to the Ministry of Finance, interviewed by TCA Sharad Raghavan (The Hindu)
-The Hindu The outgoing CEA also batted for the lateral entry of talent into the government The compensation payable to the States for revenue loss arising due to GST is just ?5,000 crore, far lower than was estimated, according to Chief Economic Adviser Arvind Subramanian. In a candid interview to The Hindu, the outgoing CEA also batted for the lateral entry of talent into the government, saying that it was a “no brainer”...
More »Why Indian women don't want to work -Monika Halan
-Livemint.com The home likes the income, but is unwilling to let the woman give up on household work, child care and eldercare duties A long time ago when I was in my first job as a trainee researcher in a magazine, I would take the chartered bus (a working people’s school bus that collects people from a residential area and drops them in an office hub) from home to office. The art...
More »Cash transfers more effective than PDS, says ICRIER-OECD report -TV Jayan
-The Hindu Business Line Direct bank transfers plug leakages in food distribution, ensure better nutritional security New Delhi: Irrespective of teething problems encountered in places where it was launched as pilot, direct cash transfers are far more effective than food subsidy in reducing food insecurity and nutritional imbalances among the Indian population, a new report has shown. Currently, India spends ?1,45,400 crore — about 1.3 per cent of its GDP — to give...
More »Cost of Modi's demonetisation: IAF raised bills of Rs 29.41 crore to ferry currency notes, reveals RTI
-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent...
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