-The Economic Times Indian farmer's plight has changed little even under GST that aims to revolutionise all kinds of businesses. NEW DELHI: That the farmer has historically had one of the most unrewarding and thankless jobs in India is fairly common knowledge. Data sets after data sets show how Indian farmers have remained hopelessly caught between ineffective policy and equally ineffective implementation — through the Five-Year-Plans era, through successive governments, and through...
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The NREGA signal
-The Indian Express Data that suggests young workers are increasingly turning to the scheme is a sign that must worry policymakers After the contraction of factory output by 1.1 per cent in August compared to the past year, the sharp decline in commercial credit in the year till September and other such gloomy indicators, come fresh signs of the deepening slowdown. As this paper has reported, the proportion of young workers, those...
More »Distress signal: Share of youngest workers in NREG begins to rise -Harikishan Sharma
-The Indian Express There is no clarity on what could be the reason behind this rising trend of entry level workforce among MGNREGA workers but experts say this could be a reflection of rural distress and lack of employment opportunities. The steady decline in the proportion of young workers, those between 18 and 30, under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has halted and has begun to rise...
More »Growth lessons India can take from new frontrunner Bangladesh -Jayanta Roy Chowdhury
-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
More »Subdued GST collections, lower tax devolution will impact state finances, pose macro risks -Jayanta Roy and Aditi Nayar
-The Indian Express To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits. There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and...
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