-The Telegraph New Delhi: The Indian economy grew at its slowest pace in more than six years at 5 per cent in the first quarter of 2019-20, deepening worries about subdued factory output and resultant job losses. It also fanned concerns about the Narendra Modi government’s ability to crank up demand amid clear indications that urban consumption had also started to slacken after rural demand went into a deep rut several quarters...
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GST collections dip below Rs 1 lakh crore to Rs 98,202 cr in August
-The Indian Express This is the second time during this year that the revenue collection from the GST slipped below the Rs 1 lakh crore mark. First, it happened in June when the collection was Rs 99,939 crore. New Delhi: The Goods and Services Tax (GST) collections have dropped to Rs 98,202 crore in August from over Rs 1.02 lakh crore in the previous month. However, total GST for August this...
More »Slowdown Blues: Govt needs to raise income levels of working population to boost growth -Prasanna Mohanty
-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other MEAsures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...
More »Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
More »'Population Explosion': The myth that refuses to go -Sarojini Nadimpally
-TheWire.in Even more dangerously, demographically driven population regulation MEAsures, ignore women's rights over their own bodies. The spectre of population control has emerged to haunt us yet again. The Prime Minister of India, in his Independence Day speech on the August 15, expressed concern about “population explosion creating various problems for the coming generations” and complemented those who “follow the policy of the small family” as contributing to the development of...
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