-Livemint.com Preference for government jobs is highest among college-educated rural youth, a segment seen at the forefront of recent agitations for quotas, shows analysis In one of the largest such exercises ever conducted in the world, millions of applicants are appearing this month for an online recruitment test conducted by the Indian Railways. The Railways Recruitment Board (RRB) has received more than 24 million applications for roughly 120,000 vacancies in the organization. Most...
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From Plate to Plough: Lean year as a foundation -Ashok Gulati & Shweta Saini
-The Indian Express NABARD’s new survey offers a baseline to double farmers’ incomes. But is a survey done in a drought year a reliable yardstick? On August 16, NABARD presented the nation with a gift when it released the results of its All India Rural Financial Inclusion Survey (NAFIS). Among other things, the survey estimates 2015-16 farmers’ income levels. In February 2016, when Prime Minister Narendra Modi presented his vision of doubling...
More »Rural wage growth killed by demonetisation; fell from 11% to mere 0.45% in last 3 years, shows Ind-Ra Data -Pragya Srivastava
-The Financial Express India’s rural wage growth has slumped from an average of 11% in the financial years 2013-15 to a mere 0.45% in the financial years 2016-18, due to the negative impact of demonetisation, a report said. An analysis of 25 different occupations in rural areas by India Ratings showed that rural wage growth slumped to decimal points from double-digit in last three years despite government support. India Ratings noted that...
More »Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
More »NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)
-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series Data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...
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