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India’s economy and the challenge of informality -R Nagaraj and Radhicka Kapoor

-The Hindu Policy efforts to formalise the economy will have limited results as the bulk of informal units are petty producers Since 2016, the Government has made several efforts to formalise the economy. Currency demonetisation, introduction of the Goods and Services Tax (GST), digitalisation of financial transactions and enrolment of informal sector workers on numerous government Internet portals are all meant to encourage the formalisation of the economy. But why the impetus...

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India Ranks 85th Among 180 Countries In Global Corruption Index: Report

-PTI/ NDTV.com Except Bhutan, all of India's neighbours are ranked below it. Pakistan dropped 16 spots in the index and was ranked at 140. New Delhi: India's rank improved one place to 85 among 180 countries in a corruption perception index (CPI) of 2021, according to a new report by Transparency International which, however, raised concern over the country's democratic status. The index, which ranks 180 countries and territories by their perceived levels...

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Budgeting for the education emergency -Sajitha Bashir

-The Hindu It is astonishing that public expenditure data on the education sector are not easily available In the current Budget session, how much money the Central and State governments will allocate to education and for what purpose should be a matter of public concern and debate. Even before the pandemic, public spending on education in most States was below that of other middle-income countries. Most major States spent in the range...

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Increasing MSMEs’ share in GDP to 40% by 2025 is a herculean task: AIMA

-Financial Express Ease of Doing Business for MSMEs: Former MSME Minister Nitin Gadkari in 2020 had set a target of increasing MSMEs’ share in exports to 60 per cent from 48 per cent and 5 crore additional jobs by 2025 apart from the jump in GDP share. Ease of Doing Business for MSMEs: Increasing MSMEs’ contribution to India’s gross domestic product (GDP) from nearly 30 per cent to 40 per cent by...

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Migrant Workers From West Bengal Live Precarious Lives Amid Economic Turmoil -Sandip Chakraborty and Anirban Dey

-Newsclick.in The migrant labourers face absolute hardship and exploitation while working outside their native states and face economic turmoil after returning home, forcing them to leave again. Kolkata/ Baharampore: Samrat Karyi (18) of Madhupur gram panchayat of Coochbihar had gone to Rajasthan to work as a migrant labourer in the construction sector. He boarded the Bikaner Guwahati express to return home with his brother. When he was nearing the Coochbihar Junction, he...

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