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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap

There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...

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Workers demand increased budgetary allocations and timely payment on the 1st day of MGNREGA dharna

-Press release by NREGA Sangharsh Morcha dated August 2, 2022 Hundreds of NREGA workers from 15+ states gathered for a three day protest at Jantar Mantar in New Delhi called under the banner of NREGA Sangharsh Morcha. The crucial role played by NREGA in supporting the rural population was highlighted during the pandemic, with work demand shooting up as lakhs of migrant workers streamed home. Even now, two years into the...

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70 per cent of 10-year-olds in 'learning poverty', unable to read and understand a simple text

-Press release by UNICEF dated 23 June, 2022 COVID-19 worsens global learning crisis, risking $21 trillion in lifetime earnings WASHINGTON: As a result of the worst shock to education and learning in recorded history, learning poverty has increased by a third in low- and middle-income countries, with an estimated 70 per cent of 10-year-olds unable to understand a simple written text, according to a new report published today by the World Bank,...

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Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik

-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...

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Disha Encounter Case: Commission Says Cops' Version 'Concocted', Wants Murder Charges Against 10 Officers

-TheWire.in The panel has said, 'It was impossible for the deceased suspects to have snatched the weapons of the police and they could not have operated the firearms.' New Delhi: The Commission of Inquiry constituted by the Supreme Court to probe the “encounter” killing of all the four suspects after the 2019 rape and murder of a veterinary doctor in Telangana has recommended that all the 10 police officers involved in the...

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