-PTI/ The Hindu “Overall, the difference between wholesale and retail inflation is primarily due to supply-side factors which should decrease and therefore going forward even the retail inflation should ease,” Mr. Subramanian said. Attributing the rise in inflation to supply-side frictions, Chief Economic Adviser K V Subramanian has exuded confidence that retail inflation will come down in the days ahead with the easing of lockdowns. According to the Government data, retail inflation rose...
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ExplainSpeaking on economy: Why unemployment could become a bigger headache for Government -Udit Misra
-The Indian Express Rapid spread of Covid-19 and inadequate spending by Government could result in India suffering a permanent loss of Rs 30 lakh crore, which is roughly the size of the Union Budget for 2020-21 Dear Readers, This week started with several economists coming out with their revised GDP growth expectations for India in response to the official GDP growth data that was released on August 31. With the economy shrinking more...
More »An agriculture-led revival as flawed claim -R Ramakumar
-The Hindu The crisis in agriculture demands that the Government announce a strong fiscal stimulus for the rural economy A rather confident statement heard in the midst of India’s COVID-19-induced economic slowdown is this: “Agriculture will lead India’s economic revival”. But how valid is this claim put forward by Government spokespersons and some observers? Four major arguments are offered. First, India’s food grain production in 2019-20 was 3.7% higher than in 2018-19. The...
More »PM CARES Fund gets FCRA exemption without meeting pre-condition of CAG audit -Priscilla Jebaraj
-The Hindu Need to seek consent from PM CARES before giving info on FCRA exemption: MHA response to RTI The PM CARES Fund has received exemption from all provisions of the law meant to regulate foreign donations, although it does not seem to meet the pre-condition of being a body established and owned by the Government whose accounts are audited by the Comptroller and Auditor General of India (CAG). Responding to a recent...
More »Most unmet demand in MGNREGA work has been found in Uttar Pradesh (27%), Madhya Pradesh (22%) and Bihar (20%), finds People's Action for Employment Guarantee
-Press Note by People's Action for Employment Guarantee dated September 10th, 2020 MGNREGA during the pandemic and beyond: Implementation highlights, concerns and questions and demands for parliamentarians We are confronting an unprecedented crisis in the history of modern India. On the one hand, the increasing number of COVID cases point to a dubious distinction for India on the world stage. On the other hand, the unplanned lockdown has resulted in a massive...
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