-Gaon Connection As against the current allocation of Rs 101,500 crore towards MGNREGA this financial year, there is a need for an additional allocation of Rs 100,000 crore towards the programme to meet the work demands of rural population. As of August 24, the Government of India is left with about Rs 45,000 crore for Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), and there are still seven months to go in...
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Economy: steepest GDP decline on record -R Suryamurthy
-The Telegraph The last time that India faced a full-year contraction in its real GDP was in 1980 The Indian economy shrank by 23.9 per cent in the first quarter ended June 30, signalling that the road to recovery would be more arduous than most economists have projected. It marks the steepest decline since the National Statistical Office (NSO) started quarterly MEAsurement of gross domestic product (GDP) in 1996. The slide in real GDP...
More »A 29% non-govt GDP fall is behind abysmal growth -Vivek Kaul
-Livemint.com The collapse of GDP growth by 23.9% for the Apr to Jun period isn’t a surprise. The economy was under a strict lockdown for most of the time to contain the pandemic. Nevertheless, a little digging throws up interesting trends. Mint takes a look. * What does the GDP figure highlight? One way to MEAsure the GDP is to add private consumption expenditure, government consumption expenditure, investment and net exports (exports minus...
More »A development that will hardly put India at ease -R Nagaraj
-The Hindu The World Bank’s decision to halt its annual ‘Doing Business’ report on data authenticity issues has major implications On Thursday, the World Bank halted its annual publication, ‘Doing Business’ report, as it detected irregularities of data for a few countries. A World Bank Press release of August 27 said: “The integrity and impartiality of our data and analysis is paramount and so we are immediately taking the following actions. We...
More »National well-being and the counts that matter -Bobby John
-The Hindu As decennial census operations are limited, India needs new ways to know its cumulative human capital and potential Since India’s crimes data recording system is not built to capture subtleties, we do not know what proportion of pregnancies in India start off without the consent of the woman, even though the veil of marriage may cover it legally and culturally. While physical and mental violence can be ascertained by a...
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