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Five reasons why economists doubt India's October-December GDP growth of 7% -Raj Kumar Ray

-Hindustan Times New Delhi: India’s economic growth of 7% during October-December has sparked a debate on how output grew so fast at a time when the country was facing its biggest-ever cash crunch after Prime Minister Narendra Modi announced on November 8 the demonetisation exercise, which weeded out 86% of the currency notes in circulation. Economists and experts cite at least five reasons why the government data of a robust economic growth...

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Haryana spent 'Beti Bachao, Beti Padhao' funds on laptop bags, mugs -Sukhbir Siwach

-The Indian Express The auditor also pointed out that there was no provision in the scheme for purchase of laptop bags and mugs. Chandigarh: Finding loopholes in the implementation of Beti Bachao-Beti Padhao (BBBP) campaign launched by Prime Minister Narendra Modi in 2015, the Comptroller and Auditor General (CAG) found diversion of funds meant for the campaign in Panipat district. According to CAG’s latest report, over Rs 3 lakh were spent on “preparation”...

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GDP data: The plot thickens -Udit Misra

-Business Standard Data presents a rosy picture but fails to convince New Delhi: For anyone who understand, or at least deludes himself to believe that they understand, how the economy works, the latest data by the Central Statistical Organisation (CSO) on the quarterly gross domestic product (GDP) should come as a shock. Ever since the Prime Minister stunned the nation by announcing demonetisation on November 8 last year, economists of all hue...

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Demonetisation sucked in cash like vacuum cleaner: IMF

-PTI “Repercussions from the currency exchange initiative will likely persist through the first quarter of 2017.” Washington: India’s demonetisation led to huge cash shortages that have “adversely affected” consumption and like a “vacuum cleaner” it sucked in cash and then was slowly replacing the currency, a senior IMF official has said. “You’ve heard about so-called ‘helicopter drops’ of money with unconventional monetary policies, so one way to characterise this demonetisation initiative is as...

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Modi and Shah are wrong: Several states have higher crime rates than UP (including BJP-ruled ones) -Manoj K

-Scroll.in / Factchecker.in NCRB data does not bear out the leaders' claim of lawlessness in Uttar Pradesh. Uttar Pradesh has reached “number one” in crime, Prime Minister Narendra Modi said on February 5, repeating the claim five days later. Similarly, Bharatiya Janata Party chief Amit Shah said on February 3 that states ruled by the BJP have a better law-and-order record than Uttar Pradesh. The crime situation has been a constant refrain in...

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