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GDP slump will hit $5-trillion economy target, warns NITI Aayog -TCA Sharad Raghavan & Sobhana K Nair

-The Hindu The Hindu has accessed a presentation made by NITI Aayog CEO Amitabh Kant to the Standing Committee on Finance; 12.4% growth needed to achieve the figure, Mr. Kant said. The road to a $5 trillion economy by 2025 is beset with many speed breakers, the NITI Aayog has warned the government. To begin with, the think tank has said the nominal GDP growth — a measure of growth without accounting for...

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Rich love electoral bonds: More than 91% donations over Rs 1 crore each -Udit Misra

-The Indian Express The RTI documents also show that over the 12 phases, just four cities accounted for 83 per cent of all electoral bonds by value. Electoral bonds with denomination of Rs 1 crore accounted for more than 91 per cent of the Rs 5,896 crore raised in the FIRst eleven of the total twelve phases over which bonds were sold by select branches of the State Bank of India.   ...

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Mizoram revokes Forest Rights Act -Ishan Kukreti

-Down to Earth State government misused Article 371 (G) to revoke FRA in Mizoram, critics allege The Mizoram government passed a resolution revoking the implementation of the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 (FRA) in its assembly session on November 19, 2019. Under Article 371 (G) of the Constitution, Mizoram has a special provision which makes it mandatory for all legislations of Parliament pertaining to land...

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Crop insurance flaws fuel farm distress -Sayantan Bera

-Livemint.com * At a time when rural incomes are sliding, the only existing safety net for the farmer is failing * High costs of reinsurance due to erratic weather, a spike in claims, political interference in crop loss estimation are reasons that forced some insurers to leave the business NEW DELHI: Santosh Kumar’s FIRst brush with insurance left a bitter aftertaste. A farmer’s son, 26-year-old Kumar from Bihar’s Araria district felt betrayed when...

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Light spots in the dark -Laveesh Bhandari & Amaresh Dubey

-The Indian Express That primary employment is rising is a reason for hope. Understanding the contours of this change will show the way to accelerate changes that create opportunities Employment has been the subject of much argument over the past few years and it appears that it will continue to be so. We conducted a simple exercise: To understand how employment patterns are changing over time, we used the comparable PLFS...

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