-The Hindu The credibility of the RBI, the CSO and the Niti Aayog has taken a beating in recent times due to political interference Nobel laureate Oliver Williamson pondered over an important question, around 25 years ago: “Why are the ambitions of economic development practitioners and reformers so often disappointed?” According to him, “one answer is that development policymakers and reformers are congenital optimists. Another answer is that good plans are regularly...
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Too much of rains have spelt disaster for farmers in India's soyabean bowl -Milind Ghatwai
-The Indian Express The average modal price of soyabean in the Ujjain mandi has risen from Rs 3,576 to Rs 3,970 per quintal since the start of this month. The current rates are above the MSP of Rs 3,710 declared by the Modi government for the 2019-20 kharif season. Sehore (MP): Standing in ankle-deep water engulfing his field, Kamal Singh Dhangar takes a wild shot at the likely yield from the...
More »Give us your SC/ ST numbers: Govt to firms under EPFO -Aanchal Magazine & Sunny Verma
-The Indian Express Through this month, regional provident fund offices have been sending out queries in a specified format to companies seeking “employment data of the proportion of SC & ST employees in total employment”. THE MINISTRY of Labour and Employment has kicked off a survey that requires establishments contributing to the Employees’ Provident Fund Organisation (EPFO), including from the private sector, to furnish information on the number of SC and...
More »The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
More »A rural stimulus: On MGNREGA wage hike
-The Hindu Putting more money in the hands of rural households will stir up the economy The government’s statistical machinery has begun work on revising the indices that capture the trends in consumer prices experienced in rural India. This opens up the prospect for an upward revision in the wages paid out to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The current national average wage is just about...
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