-The Telegraph Refusal to face up to economic problems will tarnish India’s reputation as an economy and a democracy The Narendra Modi-led government has done it again. The Centre has scrapped the all-India survey on household consumption expenditure conducted by the then National Sample Survey Office. A few months ago, the government had refused to make public the official survey conducted on employment in India. There was considerable pressure exerted by economists...
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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...
More »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. ...
More »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...
More »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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