-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
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Budget 2020-21: Will MGNREGA become an overarching rural development scheme -Richard Mahapatra
-Down to Earth The upcoming budget will see many schemes being brought under the rural employment programme; a direct cash transfer may be declared to top this up Union Budget 2020-21 will be a landmark for Prime Minister Narendra Modi. Not just because India is going through an Economic Slowdown, but also for the fact that it will herald a countdown for many of his ambitious promises that come with prime ministerial...
More »Won't back fiscal tightening currently: Abhijit Banerjee -Ajeet Mahale
-The Hindu Nobel laureate Abhijit Banerjee says the deficit numbers are a bit imaginary, not a big deal if breached Mumbai: Nobel laureate Abhijit Banerjee has said that he would not back fiscal tightening in the current economic environment. Prof. Banerjee added that the real constraint to the state of education in the country in the current climate of Economic Slowdown was not lack of money, but the lack of attention paid to...
More »It's official: GDP rate seen slumping to 5% -Aanchal Magazine
-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) growth rate is seen slumping to 5.0 per cent, the...
More »Politics of exclusion and disenfranchisement is hurting investment and India's cooperative spirit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
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