-The Indian Express Methodological changes have led to overestimating GDP growth by 2.5 percentage points per year between 2011-12 and 2016-17. Actual growth is around 4.5 per cent. The promise of democracy is the periodic opportunity it creates for fresh beginnings. A government re-elected with such a resounding mandate should continue with the successful aspects of its economic policies. The most notable has been promoting economic inclusion via the public provision of...
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Govt mulls paying fertiliser subsidy directly to farmers under phase 2 of DBT scheme
-The Hindu Business Line The government bears over Rs. 70,000 crore annually as subsidy to provide cheaper farm nutrient to farmers. The government is seriously thinking of giving fertiliser subsidy directly to farmers under the second phase of implementation of direct benefit transfer (DBT) scheme, a senior fertiliser ministry official said on Thursday. In October 2017, the first phase of fertiliser DBT was rolled out, under which subsidy is being transferred to companies...
More »No sick leave, job rotation: India's gig workers are overworked, underpaid -Prachi Salve & Shreehari Paliath
-Business Standard/ India Spend Another limitation of employment at app-based companies is the lack of avenues for professional growth Arif*, 28, shuffled uncomfortably in the driver’s seat of his Maruti Wagon R as he tackled the crowded streets of Lower Parel, Mumbai’s arterial business district, on a sultry April 2019 evening. A hit track from the recent Hindi movie Gully Boy played on the music system but it did nothing to drown...
More »The great Indian GDP debate, explained in five charts -Pramit Bhattacharya
-Livemint.com If there is no way to tell which part of the Economy is doing well and which is not, policymakers will continue to have to rely on rough proxies and their intuition for decision-making A month after statisticians from the National Sample Survey Office (NSSO) published a report exposing holes in one of the key databases used in India’s gross domestic product (GDP) calculations the controversy around India’s new GDP series...
More »Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya
-The Economic Times Forecast of a normal monsoon and extension of PM Kisan scheme likely to boost rural income, say cos. NEW DELHI| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New Delhi extended the assured income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...
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