-The Indian Express Rapid spread of Covid-19 and inadequate spending by government could result in India suffering a permanent loss of Rs 30 lakh crore, which is roughly the size of the Union Budget for 2020-21 Dear Readers, This week started with several economists coming out with their revised GDP growth expectations for India in response to the official GDP growth data that was released on August 31. With the economy shrinking more...
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An Expert Explains: Decoding GDP contraction --Neelkanth Mishra
-The Indian Express The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? * How should one read the first-quarter GDP data and the contraction by 23.9%? What signal does it offer for the future? And does it give any idea of...
More »India’s GDP growth contracts 23.9%: What is the economics behind the math? -Udit Misra and Nushaiba Iqbal
-The Indian Express India GDP Q1 Data: Demand from individual citizens and private businesses plummeted in Q1, increase in government’s demand made up for just 6% of this fall Although most people expected India’s GDP to show substantial contraction when the Ministry of Statistics and Programme Implementation (MoSPI) released the data for the first quarter (April, May, June) of the current financial year on Monday, the broad consensus was that the decline...
More »The marriage age misconception -Mary E John
-The Hindu Addressing poverty is the key to improving the health and nutritional status of mothers and their infants From the ramparts of the Red Fort on Independence Day, the Prime Minister declared that the government is considering raising the legal age of marriage for girls, which is currently 18 years. He said, “We have formed a committee to ensure that daughters are no longer suffering from malnutrition and they are married...
More »There is confusion in the MIS Data on approved labour budget and projected labour budget, says new tracker by Peoples' Action for Employment Guarantee
-Second MGNREGA tracker by Peoples' Action for Employment Guarantee (PAEG), released on 17th August, 2020 A MGNREGA tracker has been prepared by the Peoples' Action for Employment Guarantee (PAEG) that brings to you the latest developments, updates, and figures on the implementation of MGNREGA across the country till 3rd August, 2020. Given the significant role that MGNREGA is playing in the lives and livelihoods of rural workers, PAEG intends to keep...
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