-TheWire.in Employment trends are dismal under the 'double engine government' of Modi and Adityanath. Several claims made in ads do not appear to hold up. Uttar Pradesh’s per capita income was barely half (Rs 41,023) of India’s average (Rs 86,659) in 2019-20. The per capita income of UP (at 2011-12 prices) is ranked 32 out of 36 states and Union Territories. That the state’s economy has been one of the poorly performing...
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With fewer migrants returning in COVID 2.0, U.P. says many stayed back after 1st wave
-The Hindu U.P. was the only State to do a skill mapping exercise of returning migrants last year, says an official Just four lakh migrant workers returned to Uttar Pradesh during the second COVID-19 wave this year, compared to 40 lakh workers after the national lockdown of 2020, indicating many of these workers may not have returned to their earlier workplaces after the first wave and got gainfully employed in U.P., top...
More »20 states gets additional borrowing permission of Rs 39,521 crore
-The Telegraph They have completed the 'ease of doing business' reforms stipulated by the department of expenditure Twenty states have completed the “ease of doing business” reforms stipulated by the department of expenditure, which would enable them to get an additional borrowing permission of Rs 39,521 crore through open market borrowings, the finance ministry said on Saturday. “States completing ease of doing business reforms are eligible for additional borrowing of 0.25 per cent...
More »Five more States complete ease of doing business reforms
-PTI/ The Hindu With this, 20 States are now eligible for an additional borrowing of 0.25% of Gross State Domestic Product. As many as 20 States have successfully completed ease of doing business reforms, the Finance Ministry said on Saturday. States completing the reforms are eligible for additional borrowing of 0.25% of Gross State Domestic Product (GSDP). “The number of States that have successfully completed the 'Ease of Doing Business' reforms has reached to...
More »Fiscal indicators of Tamil Nadu deteriorated drastically: Finance Commission
-The Hindu ‘It moved from a revenue surplus to a revenue deficit State’ Chennai: Tamil Nadu’s fiscal indicators have deteriorated drastically from 2012-13 to 2018-19 and most borrowings in the recent years have gone to fund its revenue deficit, instead of capital expenditure, the 15th Finance Commission report tabled in the Parliament recently said. Tamil Nadu moved from a “revenue surplus” to a “revenue deficit” State after 2012-13, it noted. A revenue deficit...
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