-TheWire.in The new series GDP data has been mostly replaced with corpoRATe financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India’s GDP and growing at a faster RATe compared to the older series. New Delhi: Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India’s...
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Maneka Gandhi bypassed; nutrition norms cleared -Jagriti Chandra
-The Hindu After PMO intervention, NITI Aayog approves guidelines New Delhi: The NITI Aayog has approved the supplementary nutrition guidelines, prepared by the Ministry for Women and Child Development, bypassing Minister for Women and Child Development Maneka Gandhi following intervention by the Prime Minister’s Office (PMO), according to a person familiar with the development. The PMO had stepped in to end a more than yearlong stand-off between Ms. Gandhi and the Ministry’s officials...
More »Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra
-TheWire.in Agricultural experts say that large corpoRATions are being given 'agricultural' loans at cheaper interest RATes and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right...
More »Did the Indian economy create nearly 13 million jobs in 2017? -Amit Basole and Anand Shrivastava
-Hindustan Times While a final conclusion on employment growth should wait for 2017-18 NSSO data, rosy estimates based on selective assumptions do not inspire much confidence . New Delhi: In a study prepared as a background report for the Prime Minister’s Economic Advisory Council, economists Surjit Bhalla and Tirthatanmoy Das have claimed that the Indian economy created around 12.8 million jobs (by principal status) in 2017. The authors also claim that net...
More »Why clubbing employment and work in India is misleading -Jayati Ghosh
-Hindustan Times This lack of distinction explains the decline in women’s workforce participation RATes. The decline reflects a shift from paid to unpaid work. New Delhi: One of the difficulties with discussions on employment in India is the tendency to conflate employment and work. But employment is only that part of work that is remuneRATed, and in India a vast amount of work is actually unpaid and often not even socially recognised....
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