-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
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Born in 1945, enrolled in Class II: How private schools siphoned off Rs 600 crore in Madhya Pradesh -Hemender Sharma
-India Today Private schools in Madhya Pradesh have siphoned off about Rs 600 crore under Right to Education since 2011 by providing fake data of students enrolled under the programme. Bhopal (Madhya Pradesh): A man, who was born two years before Independence, has been shown as a student of class-II in Madhya Pradesh's Barwani. He is enrolled in a private school as beneficiary from an under-privileged family entitled to get benefits under...
More »World Bank reduces India GDP growth forecast to 7% for 2017-18 -Asit Ranjan Mishra
-Livemint.com World Bank has reduced its India GDP growth forecast to 7% for 2017-18 from 7.2%, blaming disruptions caused by demonetisation and GST New Delhi: After remaining the world’s fastest-growing region for eight consecutive quarters, South Asia has slipped to the third position behind East Asia and the Pacific regions, as India’s economy slowed to its lowest level in 13 quarters, the World Bank said on Monday. This is at a time when...
More »Delhi Metro fare hike hurts labourers the most, many switch to buses -Somya Lakhani
-The Indian Express Delhi Metro fare hike: Amid opposition from the Delhi government, the Delhi Metro Rail Corporation on Tuesday went ahead with the fare hike as recommended by the fourth Fare Fixation Committee. New Delhi: On Tuesday morning, 28-year-old Abdul Wajid — a labourer working at a cardboard boxes factory in Naraina — did not take the Metro to work. Nor did 35-year-old Brijmohan Tiwari, a security guard who lives...
More »RBI surveys show general economy in 'pessimistic zone', jobs big worry -George Mathew
-The Indian Express Employment prospects have been the biggest cause of worry for respondents, with sentiment plunging further into the pessimistic zone; the outlook on employment has also weakened in the last two rounds. Mumbai: A SERIES of surveys undertaken by the Reserve Bank of India (RBI) have indicated that more people see consumer confidence declining, business sentiment in manufacturing dipping, inflation on the rise and growth sliding. The findings are in...
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