-The Indian Express Farmer unions need to expand the scope of their advocacy. Every day, a gold miner in Russia leaves a mine with a wheelbarrow full of sand. Every day, the guard thoroughly checks the sand. On his retirement day, the guard asks the worker, “I know you have been stealing something, but can’t figure out what it is”. The worker whispers back, “I wasn’t hiding anything in the sand,...
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Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
More »Anti-Citizenship (Amendment) Bill protests rage through Assam, two killed in police firing -Rahul Karmakar
-The Hindu Mobs attack the houses of MLAs, Ministers; BJP, AGP offices vandalised. Guwahati: Violent protests against the Citizenship (Amendment) Bill (CAB), 2019, continued across several districts in the Brahmaputra Valley on Thursday with an indefinite curfew imposed in Guwahati, Dibrugarh and Tezpur. Two persons were killed in firing by SECurity forces in Guwahati. Incidents of police firing were reported from several areas of the State capital, including Hatigaon, Lachitnagar, Bashishta, and Lalungaon....
More »IIP shrinks again, inflation accelerates
-The Hindu Food inflation is at a 40-month high Industrial activity contracted for the third conSECutive month in October by 3.8%, driven by a fall in activity across SECtors, according to official data released on Thursday. Separate data showed that retail inflation had surged to a 40-month high of 5.54% in November, driven by rising food inflation. The Index of Industrial Production (IIP) had contracted by 4.3% in September and 1.1% in...
More »FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra
-The Indian Express It is unclear why the government initially assured the RBI that RBI "alone" will issue electoral bonds as it could not do so under SECtion 31(3) of RBI Act. On Tuesday, replying to a question in Rajya Sabha raised by DMK’s Tiruchi Siva about what the Reserve Bank’s “indirect” approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: “RBI, being a stakeholder, was involved in...
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