-ThePrint.in When you put the reports by HRD ministry and CMIE survey together, you are looking at a simmering volcano. While Indians were busy celebrating the country’s global triumph and commiserating about its terrestrial adventures, two important reports went almost unnoticed. The eighth annual All India Survey on Higher Education 2018-19 was released by the Ministry of Human Resource Development last week. It coincided with the release of four-monthly report ‘Unemployment in...
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A rural stimulus: On MGNREGA wage hike
-The Hindu Putting more money in the hands of rural households will stir up the economy The government’s statistical machinery has begun work on revising the indices that capture the trends in consumer prices experienced in rural India. This opens up the prospect for an upward revision in the wages paid out to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The current national average wage is just about...
More »Telling Numbers: International migrant count slopes downward in India
-The Indian Express The 51,54,737 international migrants in 2019 represent just 0.4 per cent of the total population of India. On Wednesday, the UN Population Division released the dataset International Migrant Stock 2019. While the size of the Indian diaspora in other countries was reported in The Indian Express on Thursday, the exhaustive dataset also showed striking trends in international migration into India. The number has been consistently going down in...
More »Government to peg MGNREGA wages to inflation in bid to hike incomes -Priscilla Jebaraj
-The Hindu Stimulus measure to link pay to consumer price index with annual revision. Staring at a slump in rural demand and a slowdown in the rural economy, the Centre plans to inject more money into the UPA’s flagship Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme by linking wages under the Act to an updated inflation index, which will be revised annually. It hopes this will increase wages, thus increasing...
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
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