-United Nations Development Programme, released on 9 December, 2019 According to the Human Development Report 2019: Inequalities in Human Development in the 21st Century, India’s HDI value for 2018 is 0.647— which put the country in the medium human development category—positioning it at 129 out of 189 countries and territories. Between 1990 and 2018, India’s HDI value increased from 0.431 to 0.647, an increase of 50.0 percent. Between 1990 and 2018, India’s...
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Government working on more MEAsures to boost economy: Nirmala Sitharaman
-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more MEAsures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several MEAsures...
More »The draft seeds bill favours the industry over farmers -Suman Sahai
-Hindustan Times A 2001 law protects farmers’ interests. But the seeds bill neutralises many of the enabling MEAsures granted in it There is a draft seeds bill awaiting Parliament, which seeks to replace the old Seed Act of 1966. A law regulating seed production and trade is needed to ensure that farmers are protected against spurious seeds, and that seed producers are obliged to put only seeds of good and reliable quality...
More »Looking up: The farm hope -Harish Damodaran
-The Indian Express The ongoing price recovery in major crops is in danger of being stymied by knee-jerk government response. A lot of analyst commentary on the latest quarterly GDP numbers for India has focused on the low growth in “nominal” terms: Gross value added (GVA) at current prices grew by just 6.3% year-on-year in July-September and 7.1% for April-September. If this first-half trend holds for the rest of 2019-20, it would...
More »Rathin Roy, Director of the National Institute of Public Finance and Policy, interviewed by Puja Mehra (The Hindu)
-The Hindu The slowdown is an outcome of supply-side constraints, says the economist The official GDP growth estimate for the July-September quarter, at 4.5%, is the lowest in 26 quarters. Rathin Roy, Director of the National Institute of Public Finance and Policy, and former member of the Prime Minister’s Economic Advisory Council, discusses the causes of the economy’s troubles and suggests possible remedies. Edited excerpts: * The Finance Minister says the economy is...
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