-Hindustan Times Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years. The government has already spent nearly 80% of its full-year budget for the flagship rural job guarantee programme, top officials said on Friday,...
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Economic slowdown hits Bengaluru hard; layoffs, pay cuts up to 30 per cent -Ashwini M Sripad
-The New Indian Express BENGALURU: The Economic slowdown has not just affected big industries, but also medium and small scale industries, with several firms in Bengaluru either sacking their employees in large numbers or asking them to continue with up to 30 per cent cut in salaries. Several affected employees have approached the State Labour Department seeking directions to their companies to protect their jobs and their salaries. Labour Minister S Suresh...
More »The MGNREGA slowdown in India -Debmalya Nandy
-CounterCurrents.org Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) this year has almost come to a standstill. While the nation is debating the Economic slowdown and falling demand in the rural areas , economists emphasizing that increase in the rural income and generating resources for the poor as a potential solution to the on going crisis, the so called world’s largest job scheme remains neglected by the Government of India. While focusing...
More »Industrial production shrinks to minus 1.1% in August
-NDTV The cumulative growth in April-August over the corresponding period of the previous year was 2.4 per cent. Signs of Economic slowdown became more pronounced after country's industrial production or factory output, measured by the estimate of Index of Industrial Production (IIP) registered its worst slump in more than six years in August. The IIP shrank by 1.1 per cent in August compared with an expansion of 4.3 per cent in...
More »No disguising the Economic slowdown now. Take a look -Maitressh Ghatak
-NDTV Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployment rate and growth in tax revenue sensed...
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