-Newsclick.in It is clear that the stagnation that was setting in during 2019-20 has persisted and has even intensified now. The estimates of Gross Domestic Product (GDP) for the April-June quarter released by the government on August 31 paint a dismal picture of the Indian economy. Since the GDP in real terms (at 2011-12 prices) shows an increase of 13.5% over the first quarter GDP a year ago, and since 13.5% appears...
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Monetary policy alone can’t tame inflation: FM -Vikas Dhoot
-The Hindu Growth impulses also need to be ‘unfettered’ in current SITuation, says SITharaman In a barely veiled signal to Mint Street, Finance Minister Nirmala SITharaman said on Thursday that monetary policy tools like interest rate increases deployed by several central banks would not suffice to cool inflation and suggested that the Reserve Bank of India need not synchronise its actions ‘as much’ with its counterparts in developed countries. While monetary policy as...
More »Jobs, growth key priorities, not inflation, says Nirmala SITharaman -Vikas Dhoot
-The Hindu Job creation, equitable distribution of wealth, growth are key priorities, says Union Finance Minister Inflation is not a ‘red-lettered’ priority now for the government given that it has been brought down to a ‘manageable level’ over the past two months and job creation and equitable distribution of wealth were instead the key priorities as of now, Finance Minister Nirmala SITharaman said on Wednesday. “I am not sure I can have the...
More »Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »More than half the funds for POSHAN Abhiyaan unutilised: NITI Aayog report -Taran Deol
-Down to Earth The scheme has an earmarked three-year budget of Rs 9,046.17 crore from 2017-18, when it was launched Less than half the funds set aside for the POSHAN Abhiyaan have been utilised by India’s states, according to the fourth progress report released by the NITI Aayog September 1, 2022. States and Union territories (UTs) with poor distribution of mobile phones and growth monitoring devices emerged as those with low fund utilisation....
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