A recent report of the Ministry of Statistics and Programme Implementation (MoSPI) brings forth the dichotomy between digital divide and India’s transition towards a cashless economy. The rural-urban divide in access to computer and internet is quite stark, according to the report entitled 'Key Indicators of Household Social Consumption on Education in India, July 2017 to June 2018'. The 75th round National Sample Survey (NSS) report on education finds that...
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Cut in reserve price of rice, wheat will hit FCI -Rajalakshmi Nirmal
-The Hindu Business Line Govt move to clear grain stocks with FCI; Corpn holding 2.6 times the buffer norm In an article dated January 6, 2020 (MSP hike leaves FCI with mountain of grains), BusinessLine had indicated that FCI may have to sell a significant amount of its rice stock in the open market if it has to make room for fresh procurement of paddy and wheat. The time for this has...
More »Explained: A new controversy on India's fiscal deficit -Udit Misra
-The Indian Express In his blog, S C Garg, former Economic Affairs secretary, has claimed that the actual fiscal deficit for the last financial year and the current one is more than a full percentage point higher than the official data. On the face of it, India’s fiscal deficit, which essentially maps how much money the Indian government has to borrow to make up the GAP between its expenditure and its revenues,...
More »India's under-5 mortality of girls exceeds that of boys, unlike global trend, says report -Bindu Shajan Perappadan
-The Hindu Worldwide, one child/young adolescent died every 5 seconds in 2018, says UN inter-agency group India is among the few countries in the world where, in 2018, the mortality under-5 years of girls, exceeded that of boys, according to the ‘Levels and Trends in Child Mortality’ report by the United Nations (UN) inter-agency group for child mortality. The global report states that in 2018 fewer countries showed gender disparities in child mortality,...
More »States stare at over Rs.1 lakh crore revenue GAP post withdrawal of GST compensation
-PTI At the time of implementation of the Goods and Services Tax on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula States might be facing a consolidated revenue GAP of up to Rs.1.23 lakh crore on account of withdrawal of compensation after the five-year GST transition period ends on June 30, 2022, says a report by economic think tank...
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