-Hindustan Times On Friday, Business Standard released leaked findings from the 2017-18 CES which showed that inflation-adjusted average monthly per capita expenditure (MPCE) declined by 3.7% in the country between 2011-12 and 2017-18, a first in four decades. The ministry of statistics and programme implementation (MOSPI) has decided “not to release the Consumer Expenditure Survey (CES) results of 2017-2018” in view of “data quality issues”, it said in a statement. On Friday,...
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Why FMCG companies are cutting down on advertising costs in India -Bidya Sapam
-Livemint.com * Consumer goods companies are likely to post their worst revenue growth in the last 15 years, as per report * With slump in consumer demand, most firms are stepping up their efforts to entice consumers through discounts and offers Mumbai: Fast moving consumer goods (FMCG) companies are shifting their focus to consumer promotions to drive volume in a sluggish market while being cautious on investing heavily on advertisements to save cost,...
More »Reviving growth: Focus on rural India -Aruna Sharma
-Financial Express If panchayat allocations are merged with MGNREGA to aid asset creation, it can trigger infrastructure growth, resulting in extra income and improved conditions. There is a lot of debate around 5% GDP growth and its impact on the organised sector. Although the government has been taking multiple steps to trigger the economy, there is a need to focus on rural India, in terms of optimising of fund allocations and revision...
More »In six charts: The state of justice in India -Nithya Subramanian
-Scroll.in A poorly-functioning justice system costs India 9% of its GDP each year, according to one estimate. A new report paints a grim picture of the state of India’s justice system. Called the India Justice Report 2019, it ranks states by their performance in four aspects: police, the state judiciary, prisons and legal aid. The report is an initiative of Tata Trusts, a philanthropic organisation, undertaken in partnership with several civil society organisations...
More »Bengal CM Mamata Banerjee pegs loss due to cyclone Bulbul at Rs 50,000 crore
-PTI Those who have enrolled their names for the state government's crop insurance scheme would get 100 per cent coverage for their loss, Mamata Banerjee asserted. West Bengal Chief Minister Mamata Banerjee, after conducting an aerial survey of cyclone Bulbul-hit areas in North 24 Parganas, said on Wednesday that the loss incurred by the state due to the natural calamity might go up to Rs 50,000 crore. Mamata Banerjee handed over a cheque...
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