-The Indian Express Last financial year, of the additional Rs 15,000 crore that the MoRD sought in supplementary demands, the Finance Ministry cleared only Rs 9,000 crore. Despite the Centre’s claim that this year’s MGNREGA budget is the highest ever, almost 88 per cent of the funds available for the scheme have already been exhausted, just halfway through the financial year. As of next week, only Rs 6,000 crore of the Rs...
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Avoid the adventurous path -M Govinda Rao and C Rangarajan
-The Hindu Any aggressive attempt to widen the fiscal deficit will land India’s economy in problems The sharp deceleration in the growth of the economy as revealed by the first quarter estimate of GDP released a month ago has been widely commented upon. The policy prescriptions needed to reverse the trend depend on our understanding of the factors responsible for the slowdown. Among other things, one factor that stands out is the...
More »A drought on UP's doorstep -Omar Rashid
-The Hindu Chief Secretary instructs State officials to take preparatory measures Uttar Pradesh is staring at a drought, the senior-most official in the State has said. Noting that the State received low rainfall during the monsoon, Chief Secretary Rajiv Kumar has instructed divisional commissioners and district magistrates to brace for a “potential drought”. Mr. Kumar has instructed officials to coordinate with all departments and take “necessary steps on a priority basis”. The Chief Secretary has...
More »From 'Job-less' to 'Job-loss' Economy: What is PM Modi Doing -Savera
-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
More »Development At Extreme Close Up -Sunil Bahri
-Outlook Jholawala Dreze’s ‘research for action’ gets close to the people at the end of public policy. These essays urge greater collaboration between activists and economists. SENSE AND SOLIDARITY: JHOLAWALA ECONOMICS FOR EVERYONEBY JEAN DREZE PERMANENT BLACK | PAGES: 354 | RS. 795 Manmohan Singh attracted much lampooning and ridicule during and after his ten-year-long tenure as PM for the nature of the relationship of his government with 10, Janpath. One of the...
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