-Scroll.in The state’s unemployment rate never touched double digits in 2017, and instead of a drop, data shows there has been a 29% rise during his tenure. Uttar Pradesh Chief Minister Adityanath, in a speech addressing the UP Investors Summit in Lucknow on June 3, claimed that since the Bharatiya Janata Party government came into power in the state in 2017, the unemployment rate had fallen from 18% to 2.9%. He attributed the...
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India's economy recovered strongly despite 3 COVID-19 waves, says U.S. Treasury report
-PTI/ The Hindu “India’s acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery” The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. India's acute second wave weighed heavily on growth through the middle of 2021, delaying its economic recovery, the Treasury said in a semi-annual report. "However, economic activity rebounded strongly in the second half...
More »Economist to Jharkhand: Add an egg to midday meal -Achintya Ganguly
-The Telegraph Jean Dreze reminds Rameshwar Oran that 'Jharkhand’s children are among the most undernourished in the world' Ranchi: An egg served with every school midday meal will not only help address nutrition issues among children but also improve attendance at schools, development economist Jean Dreze said in a letter to Jharkhand finance minister Rameshwar Oran on Thursday. In the letter, Dreze appealed to the minister “for provision of one egg per day...
More »India’s infant mortality rate isn’t a fringe issue -Patralekha Chatterjee
-Deccan Chronicle The latest data from the Registrar-General of India shows that India’s infant mortality rate is 28 (28 infant deaths per 1,000 live births) Infant mortality is the end-result of a whole chain of interlinked ground-level challenges. In a week when the word “fringe” is a headline-grabber, let me start by saying that updates about the country’s infant mortality rate (IMR) is not a fringe issue. It is central to a...
More »Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik
-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...
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