-Newsclick.in The statistics are dubious because there is a substantial increase in GDP under the head “discrepancies”, which is synonymous with errors and omissions. It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic product (GDP) estimate, which shows a drop “only” of 7.5% compared with the second quarter 2019-20. The expectation had been that the drop would be larger, about 8 to 9%;...
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State of Rural and Agrarian India Report 2020 reveal the vulnerabilities faced by Indian agriculture
-Press release by Network of Rural and Agrarian Studies (NRAS), dated 30th November, 2020 The “State of Rural and Agrarian India Report 2020” was released by Dr. V Ramgopal Rao, Director, IIT Delhi today in an online webinar organised by the Network of Rural and Agrarian Studies (NRAS). This report is being brought out by the NRAS, which is a pan-India network of scholars, researchers, practitioners, farmers, students, and activists engaged...
More »The Centre Miscalculated Farmer Rage And Frustration -KC Singh
-NDTV Farmers' protests over the hurriedly passed Farm Bills in the Lok Sabha's monsoon session have been brewing since September. The union government made half-hearted attempts to engage their leaders, failing initially when farmers' representatives objected to being received by bureaucrats and not the concerned minister. The distrust level worsened after the Akali Dal's sole cabinet representative, Harsimrat Badal, resigned. Most saw it as the Akalis belatedly trying to retrieve their...
More »Firms show increase in profits even as sales fall -Vineet Sachdev
-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
More »Social Security Code Limits Workers Access to Benefits Through Bureaucracy-Raj -KR Shyam Sundar
-Newsclick.in The Unorganised Workers’ Social Security Act, 2008 (UWSSA) rightly conceives a “decentralised registration model” at the local levels with the help of the Workers’ Facilitation Centres (WFCs). Unimaginative and obscure rulemaking will make it difficult for workers to access benefits that the law entitles them to, argues Dr. K R Shyam Sundar. The government has endorsed the unjustified stinker of a tag of “Inspector-Raj”, crowned by the business class to labour and...
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