-Newsclick.in Funds squeeze causes 14-17% refusals every year. The rural jobs guarantee scheme has emerged as a lifesaver for millions of Indians as they struggle with relentless unemployment. But Official Data shows that a very large number of job seekers are being turned away and not given work. In the first six months of the current financial year (April to October 2022) nearly 1.5 crore applicants for work were refused work. This situation...
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Recovery analysis that points out what India got wrong -Suvojit Chattopadhyay
-The Hindu Being fiscally conservative resulted in a rise in extreme poverty, with there being no signs of any course correction A recent World Bank report, titled “Correcting Course”, captures the impact of the COVID-19 pandemic on global poverty. The number of people living in extreme poverty rose by seven crore million in 2020, as the global poverty rate rose from 8.4% in 2019 to 9.3% in 2020. This is the first...
More »Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Poorer India: Editorial on World Bank data on poverty line
-The Telegraph According to a recent estimate, about 80 per cent of the 70 million people who slipped below the poverty line worldwide during the pandemic were from India Poverty numbers can be confusing as they depend on the choice of the poverty line and the statistical method of estimation. These may result in differences in the results arrived at. The latest data from the World Bank show that for South Asia...
More »High food prices push retail inflation to 5-month high of 7.41% in Sept -Asit Ranjan Mishra
-Business Standard IIP shrinks 0.8% in Aug - a first in 17 months In a double whammy for the Indian economy, the retail inflation rate shot up to a five-month high in September, while factory output contracted after a gap of 17 months in August. This could force the Reserve Bank of India (RBI) to hike the repo rate yet again in December. Data released by the National Statistical Office showed that consumer...
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