-Reuters/ Livemint.com In spite of unacceptably high inflation, the Indian central bank should hold off on raising interest rates, according to Jayant Varma, a member of the monetary policy committee India's central bank should pause interest rate hikes, despite unacceptably high inflation, to avoid stalling a recovery in economic growth, monetary policy committee member Jayant Varma told Reuters on Monday. The Reserve Bank of India's monetary policy committee has raised its key repo...
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No, economic recovery has not brought about a drop in MGNREGA job demand: Experts -Himanshu Nitnaware
-Down to Earth Delayed wages due to a lack of funds has eroded the confidence of job seekers in MGNREGA; This has driven down demand for work under the scheme this season Delayed wages due to a lack of funds has eroded the confidence of job seekers in the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This has driven down demand for work under the scheme this season, experts have told...
More »Low Incomes Haunt India’s Growth -Subodh Varma
-Newsclick.in Three transformative steps could dramatically change this dire situation – provided Modi Govt. has the will to take them. Wage growth of households has declined from 8.2% in 2012-2016 to 5.7% in 2017-2021, according to a fresh study by a ratings agency. It will actually be even lower – around 1% - if inflation is taken into account. This slowing down of wage growth has happened in both rural and urban...
More »Is Food Inflation in India Driven by Demand or Supply? -Deepanshu Mohan, and others
-TheWire.in While domestic food price inflation is high globally, consumer food price inflation in India has increased from 0.68% to 8.38% between September 2021 and April 2022. Inflation has continued to peak at an all-time high in all economies around the world, with food and energy prices skyrocketing to unprecedented levels. Even industrially developed nations like the US, Canada, and the Eurozone, which experienced decades-long of stable price levels have struggles to...
More »Oxfam's India Discrimination Report: Women in India earn less and get fewer jobs
-Press release by Oxfam India dated 15 September 2022 New Delhi: Oxfam India’s latest ‘India Discrimination Report 2022’ finds women in India despite their same educational qualification and work experience as men will be discriminated in the labour market due to societal and employers’ prejudices. The academically recognised statistical model applied in the India Discrimination Report is now able to quantify the discrimination women face in the labour market. The lower...
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