-Frontline.in Interview with Aruna Roy. ARUNA ROY is a well-known social and political activist. A former Indian Administrative Service officer, she resigned from the IAS in 1975 and has since worked with the most oppressed in society. Aruna Roy’s observation on government service is indicative of her future concerns: “Everyone calls it an elite service; I always felt the discourse should be a bit better than what it was. I was shocked...
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Finance ministry has a poor forecasting record -Sharmadha Srinivasan, Prakhar Misra and Niranjan Rajadhyaksha
-Livemint.com Given the over-optimistic revenue estimates and under-budgeted expenditure, the FinMin’s budget projections should be taken with a pinch of salt Dark clouds are gathering over the fiscal horizon. Finance minister Arun Jaitley will table an interim budget on 1 February—just weeks before India goes to polls. There’s a growing consensus among analysts that the government will miss its revenue target for the year, largely because the collections from the goods and services...
More »99% MGNREGA funds "exhausted", Govt of India makes no additional sanctions: Study
-Counterview.net A letter, addressed to Prime Minister Narendra Modi, and prepared by senior activists led by Aruna Roy on behalf of the Peoples’ Action for Employment Guarantee (PAEG), and signed, among others, by 80 members of Parliament, has regretted that, despite repeated public statements by his government promising employment and job creation that will boost the country’s growth, the country’s only employment guarantee programme, Mahatma Gandhi National Rural Employment Guarantee Act...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
More »Backdated GDP series and future growth -Ashima Goyal
-The Hindu Business Line The new series data cannot really be faulted. But it is important not to repeat the policy mistakes that hit industrial growth The 2011-12 base backdated GDP series led to much discussion. The reduction in past growth rates gave them a political colour. It is unfortunate if the independence of the CSO and associated experts is questioned just because of this coincidence. A rebasing that uses much richer...
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