-The Hindu Amitabh Kant attributes downshift to spate of measures including GST, RERA and IBC New Delhi: A spate of reforms undertaken by the government has led to the current slowdown in the country, Amitabh Kant, the CEO of policy think-tank NITI Aayog, said on Friday. This came as a note of caution from the senior official as he was advocating a series of policy decisions to revive the economy. Greater liquidity “Firstly, you...
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Dial 'M' for Manufacturing -Santosh Mehrotra & J Parida
-The Hindu The recent PLFS data, which show a historic decline in manufacturing employment, make one fact plain — India desperately needs a comprehensive industrial policy, absent since 1991 The Union Budget suggests that the government has not recognised the need to create more manufacturing jobs. For the first time ever, manufacturing jobs fell in absolute terms between 2011-12 and 2017-18, to quote the Periodic Labour Force Survey (PLFS) of the National...
More »The makings of a digital kleptocracy -Reetika Khera
-The Hindu When data is monetised, as the Economic Survey advocates, it becomes toxic and harms public interest Last year, I was denied information requested under the Right to Information Act (RTI) 2005. I had sought the names of agencies empanelled by the Unique Identification Authority of India for an “image makeover” and the expenditure on it. It was denied by invoking the exemption clauses of Sections 8(d) and 8(j), respectively, i.e....
More »Make no mistake: Agriculture alone has the potential to reboot the economy -Devinder Sharma
-National Herald Agriculture, food and trade policy expert Devinder Sharma writes: “My understanding is that only agriculture can reboot the economy, sustain millions of livelihoods, and reduce global warming.” At a time when Nobel laureate Joseph Stiglitz says that neo-liberalism is ‘dead and buried’, and the world as a result is increasingly grappling with the gigantic problems of rising unemployment, gnawing inequality and climatic change reaching a tripping point, agriculture alone has...
More »GDP growth slumps to 5.8% -Yuthika Bhargava
-The Hindu Slowdown in the economy was led by sluggish growth in the agriculture, forestry and fishing sector (2.9% growth), the mining sector (1.3% growth) and manufacturing (6.9%). India’s GDP grew at 5.8% in the January-March 2019 quarter, dragging down the full year growth to a five-year low of 6.8%. The unemployment rate in the country rose to a 45-year high of 6.1% in 2017-18, as per official data released on the...
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