-The Hindu There needs to be engagement with survey data, but ground-level realities should shape programmatic interventions Based on multidimensional poverty MEAsurement, the Poverty Ratio (Head Count Ratio) in Tamil Nadu declined from 4.89% in 2015-16 to 1.57% in 2020-21, based on the fourth and fifth rounds of the National Family Health Survey (NFHS) data. Is this too good to believe? Maybe so. Academics have questioned the quality of NFHS data for...
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Retail inflation softens to 6.71% in July, lowest since March; here's what economists say
-BusinessToday.in The July retail inflation level is in consonance with the projection and expectations of economists. India’s retail inflation moderated to 6.71 per cent in the month of July, the retail inflation is July has come down from 7.01 per cent in the month of June. Even Reuters poll of 48 economists showed inflation, as MEAsured by the consumer price index, likely to fall to an annual 6.78 per cent in July,...
More »Centre, RBI bid to curb inflation
-The Telegraph Food prices, which account for nearly half of the consumer price index basket, softened last month The finance ministry and the Reserve Bank of India (RBI) are in discussions on the inflation trajectory amid the easing of global commodity and crude oil prices. A Reuters poll of economists forecast retail inflation at a five-month low in July at 6.78 per cent. But it is still above the RBI’s upper threshold...
More »CAG raises concerns over Centre’s ballooning debt, interest burden
-The New Indian Express MEAnwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21. NEW DELHI: The Comptroller and Auditor General (CAG) of India have raised concern over increasing Central government debt as several indicators gauging the sustainability of debt have turned unfavourable since 2015-16. The CAG in...
More »Supreme Court calls for balance between economy and welfare MEAsures
-PTI/ The Telegraph The idea to de-recognise political parties for making promises to give irrational freebies during the polls undemocratic, says Chief Justice Ramana Observing that freebies and social welfare schemes are two different things, the Supreme Court on Thursday said a balance has to be struck between the economy losing money and welfare MEAsures. It also ruled out the possibility of considering a plea for de-recognising parties for making promises to give...
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