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This government's modus operandi is constant distraction -Pratap Bhanu Mehta

-The Indian Express It distracts our attention from vital questions of institutional health and economic governance. During the second half of UPA 2, the press, with some justification, created a frenzy of anxiety over India’s future, especially its economic future. After two and a half years of the Narendra Modi government, if the same standards of concern about India’s future were brought to bear on the present government, what would the heightened...

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Parliamentary panel hears adverse views on demonetisation -Dilasha Seth & Amit Agnihotri

-Business Standard The demonetisation drive has hit job creation, beside adding to the stress on banks New Delhi: Demonetisation is expected to negatively impact the overall Economy and job generation, a number of economists told Parliament's standing committee on finance. Reserve Bank governor Urjit Patel was to come but could not; he will do so on January 18.   The panel heard four economists — former chief statistician Pronab Sen; Mahesh Vyas, head of...

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Reality check: Indian Economy is not larger than that of the UK -TCA Sharad Raghavan

-The Hindu The claim made by a magazine and carried by sections of media is not backed by data. The claim that the Indian Economy has overtaken the U.K. Economy in terms of absolute size, as made by a contributor to Forbes magazine and carried by sections of the Indian media, is not backed by data, an analysis by The Hindu of GDP data from the International Monetary Fund (IMF) and the...

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Pardon, the gender wage gap is showing -G Sampath

-The Hindu ILO finds women form 60% of lowest paid wage labour, but only 15% of highest wage-earners India had among the worst levels of gender wage disparity — men earning more than women in similar jobs — with the gap exceeding 30 per cent, the Global Wage Report 2016-17 released by the International Labour Organisation (ILO) revealed last week. In contrast, Singapore had among the lowest, at 3 per cent. Among major...

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Modi government cuts MSP of seven minor forest produce items -Nidhi Sharma

-The Economic Times NEW DELHI: The Modi government has slashed the minimum support price of seven of the 11 products covered under minor forest produce collected by tribals in remote forest areas. The decision comes three years after the previous Congress-led UPA government fixed the MSP for these products for the first time. “The decision had to be taken because MSPs had been fixed on the higher side and needed to be rationalised....

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