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Economic Survey 2020 projects GDP growth at 6 - 6.5% in FY21

-The Indian Express The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The Economic Survey 2020 projected an economic growth of 6 to 6.5 per cent in the fiscal year starting April 1. The survey, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The survey put current fiscal...

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'Digital divide' persists despite the country's desire to become a digital giant

  A recent report of the Ministry of Statistics and Programme Implementation (MoSPI) brings forth the dichotomy between digital divide and India’s transition towards a cashless economy. The rural-urBan divide in access to computer and internet is quite stark, according to the report entitled 'Key Indicators of Household Social Consumption on Education in India, July 2017 to June 2018'.   The 75th round National Sample Survey (NSS) report on education finds that...

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CAA rules: Applicants to be asked to submit proof of religion too -Deeptiman Tiwary

-The Indian Express Assam’s demand for time-bound applications set to be accepted. Under the rules for the Citizenship (Amendment) Act, currently being drafted by the Ministry of Home Affairs (MHA), besides proving that they came to India from Pakistan, Afghanistan or Bangladesh before December 31, 2014, applicants will also have to submit ‘proof of religion’. According to a Home Ministry official, this can be done by producing any Indian government document — acquired...

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Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21

-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...

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Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee

-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the Banking sector in the country is "stressed" and the government is in no position...

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