-TheIndiaForum.in The Periodic Labour Force Survey for 2019-20 has thrown up some unusual and contradictory patterns in employment and unemployment. However, the trends in the labour market over three years of the PLFS from 2017-18 onwards are clear and cause for worry. The pandemic has had a disastrous impact on lives and livelihoods. The national lockdown of March–May 2020 will be remembered for its devastating neglect of migrant workers and the unprecedented,...
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World Bank to discontinue ‘Doing Business’ reports after irregularities found in data -Kunal Gaurav
-Hindustan Times The irregularities in Doing Business reports had affected four countries: China; Saudi Arabia; United Arab Emirates; and Azerbaijan. World Bank Group has decided to discontinue ‘Doing Business’ reports that used to assess Investment climate in countries after data irregularities were found in 2018 and 2020, reported news agency Reuters. In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities were reported regarding changes...
More »What the Q1 GDP numbers say -C Rangarajan and DK Srivastava
-The Hindu With improved revenues, government must increase expenditures to push consumption and Investment India’s GDP data for Q1 of 2021-22 was released by the National Statistical Office (NSO) on August 31, 2021. Real GDP growth at 20.1% in Q1 of 2021-22 is largely because of the contraction of 24.4% in the corresponding quarter of the first COVID-19 year, that is, 2020-21. Even with this high growth, the magnitude of real GDP...
More »India Inc. not sanguine about growth
-The Hindu Heads of industry do not share the optimism of the government and RBI, shows CII poll of CEOs. Indian industry does not seem to share the government and the Reserve Bank of India’s optimism about this year’s growth prospects, according to a poll of CEOs conducted by the Confederation of Indian Industry (CII). Nearly two-thirds of CEOs of large corporates polled by CII at its national council meeting earlier this month...
More »Can solar pumps save groundwater while cutting debt of power cos? -Akshita Sharma
-Down to Earth Incentivising farmers to sell solar power as a remunerative crop can help reduce the usage of diesel pumps The irrigation-energy nexus in India's agriculture sector is characterised primarily by depleting groundwater and a growing debt burden of power distribution companies (DISCOM). This is due to massive power subsidies that remain underfunded by the states. The Government of India (GoI) has been promoting solar irrigation pumps by offering substantial Investment...
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