-TheWire.in The government, as part of an ongoing survey to identify them, has left out almost half the people who said they were engaged in manual cleaning work. In India, there are more than 40,000 people working as manual scavengers in 84 districts of 14 states. This information was revealed after a survey begun by the Central government in 2018 for their identification. This number is three times that of the number...
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RBI's bonanza: Fiscal deficit by another name -Aunindyo Chakravarty
-Newsclick.in It’s just a parlour trick to disguise financing of government spending that does not appear in the formal Budget. We all know by now, that economic activity in this country has come to a grinding halt. That’s not just bad for our earnings, but also for the Government of India (GoI). Because, when people don’t buy or sell things, or even produce them, the government doesn’t get enough taxes. So, economists...
More »Abstain from speculations, give exact job loss count, Finance Ministry tells India Inc.
-The New Indian Express There were also reports that the auto sector has seen 3 lakh crore jobs being lost. NEW DELHI: TAKING notice of daily reports on job losses, the Union Finance Ministry has asked business chambers and industries to produce the exact number of job cuts to derive the correct picture of the economy. It has asked the industries to abstain from causing panic. “There are a number of reports that...
More »A politically inconvenient data nugget -Puja Mehra
-The Hindu Data on demonetisation’s contribution to the deepening economic slowdown may have been suppressed Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector? On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi...
More »Body blows to Indian education -Debaditya Bhattacharya
-The Telegraph Nirmala Sitharaman’s budget spells out the colossal failure that the draft NEP is fated to be In her budget speech on July 5, the finance minister, Nirmala Sitharaman, reiterated the government’s plan of bringing in a new National Education Policy, thereby initiating “major changes in both school and higher education”. Her announcement comes close on the heels of a draft NEP published by the ministry of human resource development in...
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