-TelanganaToday.in Pvt consumption and investment (90% of GDP) have shrunk 35% and revised numbers could present a scarier picture On 31st August, the National Statistical Office (NSO) came out with the provisional estimate of the GDP. According to this, the GDP shrunk by 23.9% during April, May and June as compared with the FIRst quarter of the last financial year (2019-20). Aggregate private final consumption expenditure contracted 26.7% and investment (including gross...
More »SEARCH RESULT
Total Matching Records found : 13495
83 lakh new NREGA cards since April, record surge in 7 years - Harikishan Sharma
-The Indian Express Covid effect: 28.32% jump over last year, UP tops with 173% rise in new cards IN a clear sign that MGNREGA has emerged as a safety net for lakhs amid the economic distress triggered by Covid-19, over 83 lakh new households have been issued job cards under the scheme during the FIRst five months of the current financial year. Signficantly, this number — from April 1 to September 3—...
More »Nearly 18.2% households in Bihar demanded MGNREGA work in the current financial year (till Aug 31st) but did not receive it, shows a recent tracker by Peoples' Action for Employment Guarantee
-Third MGNREGA tracker by Peoples' Action for Employment Guarantee (PAEG), released on 4th September, 2020 The latest tracker of the Peoples' Action for Employment Guarantee (PAEG) focuses on the state of implementation of MGNREGA in Bihar. The state has witnessed devastating floods that have affected the lives and livelihoods of numerous residents of Bihar. In addition, the state government itself admits to the return of nearly 18 lakh migrant workers back...
More »India must aim for wider consumer base, direct public spending accordingly -Suvodeep Rakshit and Avijit Puri
-The Indian Express To achieve economic growth of 7-8 per cent, the government needs to start addressing some of the traditional sore points such as the large infrastructure deficit, the weak financial sector, archaic land and labour laws, and the administrative and judicial hurdles. India entered the pandemic with declining growth and limited scope for a conventional and large fiscal stimulus. We had noted in an article (IE, January 20, ‘Limited scope...
More »India’s GDP growth contracts 23.9%: What is the economics behind the math? -Udit Misra and Nushaiba Iqbal
-The Indian Express India GDP Q1 Data: Demand from individual citizens and private businesses plummeted in Q1, increase in government’s demand made up for just 6% of this fall Although most people expected India’s GDP to show substantial contraction when the Ministry of Statistics and Programme Implementation (MoSPI) released the data for the FIRst quarter (April, May, June) of the current financial year on Monday, the broad consensus was that the decline...
More »
