-The Hindu Chief Secretary instructs State officials to take preparatory measures Uttar Pradesh is staring at a drought, the senior-most official in the State has said. Noting that the State received low rainfall during the monsoon, Chief Secretary Rajiv Kumar has instructed divisional commissioners and district magistrates to brace for a “potential drought”. Mr. Kumar has instructed officials to coordinate with all departments and take “necessary steps on a priority basis”. The Chief Secretary has...
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World Bank reduces India GDP growth forecast to 7% for 2017-18 -Asit Ranjan Mishra
-Livemint.com World Bank has reduced its India GDP growth forecast to 7% for 2017-18 from 7.2%, blaming disruptions caused by demonetisation and GST New Delhi: After remaining the world’s fastest-growing region for eight consecutive quarters, South Asia has slipped to the third position behind East Asia and the Pacific regions, as India’s economy slowed to its lowest level in 13 quarters, the World Bank said on Monday. This is at a time when...
More »Development At Extreme Close Up -Sunil Bahri
-Outlook Jholawala Dreze’s ‘research for action’ gets close to the people at the end of public policy. These essays urge greater collaboration between activists and economists. SENSE AND SOLIDARITY: JHOLAWALA ECONOMICS FOR EVERYONEBY JEAN DREZE PERMANENT BLACK | PAGES: 354 | RS. 795 Manmohan Singh attracted much lampooning and ridicule during and after his ten-year-long tenure as PM for the nature of the relationship of his government with 10, Janpath. One of the...
More »Six steps to job creation -Santosh Mehrotra
-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...
More »India's criminal wastage: over 10 million works under MGNREGA incomplete or abandoned -Richard Mahapatra
-Down to Earth Since April 2014, the rate of work completion has been declining at rapid pace, indicating that crucial assets for villages are not getting created In the last three and half years, the rate of work completion under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has drastically declined, leading to wastage of public money and leaving villages more prone to drought. This could also be a reason...
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