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IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India

-The Indian Express "Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...

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More unemployed and self-employed people committed suicide than farmers in 2018, show NCRB data

-PTI Students and un-employed victims accounted for 7.6% (10,159) and 9.6% (12,936) of total suicides respectively. At least 35 unemployed and 36 self-employed people on an average ended their lives every day in 2018, with the two categories together accounting for 26,085 suicide deaths during the year, according to official data released by the National Crime Records Bureau (NCRB). Unemployed persons (12,936) were slightly behind those self-employed (13,149) who took their own lives,...

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Explained: A new controversy on India's fiscal deficit -Udit Misra

-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...

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Harness the demographic dividend -Vasundhara Singh

-The Pioneer All stakeholders must engage in educating the population about sexual and reproductive health and highlight the multi-sectoral approach that will be necessary for improving adolescent health and breaking inter-generational cycles of disease Investing in adolescent health is essential to realising multiple sustainable development goals set by the UN, to be achieved by 2030. Given that India houses more than 253 million adolescents, it is pertinent to realise that neglecting their...

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Public Health: Why NITI Aayog's push for PPP model won't work -Jyotsna Singh

-Newsclick.in A plethora of evidence shows that in India, public-private partnerships have either been rolled back or have led to poor health outcomes. Recently, government think-tank NITI Aayog came up with a proposal for running district hospitals in public-private partnership (PPP) mode. Under the proposal, new and existing private medical colleges will be linked with functional district hospitals. According to sources, the proposal is open to public comments till February 10, 2020. There...

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