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Getting the GDP numbers right -S Mahendra Dev

-The Indian Express Estimates are not perfect, but the process is revised and fine-tuned. Former Chief Economic Adviser Arvind Subramanian’s recent paper claims that the Indian GDP growth may have been overestimated by 2.5 per cent per annum between the period 2011-12 and 2016-17. A note by Prime Minister’s Economic Advisory Council (PMEAC) rejects the methodology, arguments and conclusions of Subramanian’s paper. A study done at our institute by Ashima Goyal...

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Budget 2019: A pro-farmer slant but just a field of dreams -Sayantan Bera

-Livemint.com * FM vows to invest widely in agriculture infrastructure, but offers little to revive rural income and demand * In terms of new schemes, the budget announced Pradhan Mantri Matsya Sampada Yojana for the fisheries sector and another to boost traditional industries In March 2018, Rakesh Sangwan, 27, a farmer in Haryana’s Charkhi Dadri, stopped watering his tomato plants. The crop slowly withered away and, subsequently, it was mowed down by a...

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Promises and Priorities - An Analysis of Union Budget (2019-20) -CBGA

-Centre for Budget and Governance Accountability (CBGA) Centre for Budget and Governance Accountability (CBGA) brings out a draft version of this publication within 24 hours of the presentation of Union Budget in Parliament every year. The objective of this publication is to facilitate an informed discussion on the Union Budget, particularly around social sectors, agriculture, employment and vulnerable sections of the population. 2019 being the general election year, our Parliament witnessed two...

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On Health and Nutrition, Budget 2019 is Lacklustre and Uninspiring -Dipa Sinha

-TheWire.in The budget does little for the most vulnerable populations such as women working in the informal sector or their young children. Just by looking at the numbers, the Budget for health seems promising. The total allocation for the department of health and family welfare (HFW) has increased by about 16%, which could be seen as a substantial hike considering there was hardly any year-on-year expansion during the previous term of this...

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A Budget that goes nowhere -C Rammanohar Reddy

-The Hindu It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth Union Finance Minister Nirmala Sitharaman is mistaken if she thinks her first Budget is going to revive a slowing economy. The economy grew by just 5.8% in real terms in the last quarter of 2018-19. Yet, the Union Budget for 2019-20 assumes that the economy will...

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