-Livemint.com * The number was better than October when 686,158 people joined the formal work but less than any other months in the current financial year * In July it was 1.2 million, and in June it was 1.18 million, in May it was 1.01 million and in April it stood at 1.06 million NEW DELHI: At least 867,964 new people joined the formal workforce in November 2019, an improvement from the month...
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The puzzle of inflation going up despite low demand in India -Himanshu
-Livemint.com The government’s inordinately large food stockpiles have resulted in an artificial market scarcity On 7 January, the ministry of statistics released India’s advance estimates of national income for 2019-20, pegging the economy’s growth rate this financial year at 5%. Based on data available for the first two quarters, this seems an overestimate. Most indicators suggest that actual growth may be lower than 5%. This is bad news, especially since there is...
More »Explained: A new controversy on India's fiscal deficit -Udit Misra
-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the gap between its expenditure and its revenues,...
More »Exclusion errors: Decoding the female face of agricultural crisis -Swasti Pachauri
-Down to Earth Without empowering women in farming by recognising them as farmers and giving them land rights, agriculture can’t be sustained and so can’t the economy In Maharashtra’s 2019 Assembly elections, the Vidarbha constituencies presented interesting trends. The region is important politically not just for the stalwarts who contest from there, but also for the development issues it represents. More than three lakh farmers have committed suicide in India between 1991 and...
More »The hollow relief of fewer farmer suicides
-Livemint.com New government data show India saw fewer cases of farmers taking their lives in 2018 than the year before. But this doesn’t mean rural distress is down. Much needs to be done It is tempting to relate the decline in the number of farmer suicides in 2018, as reported by the National Crime Records Bureau (NCRB), to an abatement in rural distress. Such a temptation should, however, be tempered. There have...
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