-Business Standard As a matter of fact, the study found that people are so unsatisfied with the DBT system being piloted by the government that they want to return to the previous system of grains distribution People in Nagri Block in Jharkhand have to wait for around 13 hours on average to be able to withdraw cash received through the direct benefit transfer (DBT) scheme and buy rice from the public distribution...
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Arvind Subramanian, ex-Chief Economic Advisor (CEA), interviewed by Prashant Jha
-Hindustan Times Subramanian says due to less suitable global economic scene, reaching double-digit growth will need more hard work The announcement that Arvind Subramanian, India’s Chief Economic Advisor (CEA), is quitting for personal reasons to return to the United States has generated considerable attention. The CEA spoke to Prashant Jha about his time in government and the state of the Economy. * As you look back, what are the key highlights and the...
More »Rural distress can't get buried in growth story -Himanshu
-Livemint.com Despite claims of an economic recovery, rural wage growth of non-agricultural labourers continued to be in negative territory for the fourth month in a row Data released by the Central Statistics Office last month suggested a recovery in economic growth during the fourth quarter of 2017-18, with the Economy.expanding by 7.7% compared to that in the first quarter, when growth was at its lowest at 5.7%. This has given some...
More »GST, a buoyant force -Kapil Patidar & Arvind Subramanian
-The Indian Express Aggregate revenues have done well, despite headwinds, especially for less developed, consuming states One fiscal year into the implementation of the GST, it is worth asking how it has performed in terms of revenue generation both for the country and for individual states. And here the news, based on analysing nine full months of data, is encouraging. Three important and new points stand out. One, aggregate revenues are highly buoyant....
More »Acres of contention -Ram Singh
-The Hindu The judiciary doesn’t seem to fully appreciate the economic consequences of its judgments The number of legal disputes involving property, contract, labour, tax and corporate laws is bound to increase with an expanding Economy. How they are adjudicated by courts not only has direct consequences for the disputants, but also shapes the behaviour of individuals and entities involved in production, commerce and banking. Judicial findings also influence decision-making of government...
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