-The Telegraph Inequality remains integral to India’s Growth story This year marks three decades of market-friendly economic reforms introduced in 1991 by the P.V. Narasimha Rao administration. Manmohan Singh was considered the mastermind behind breaking the shackles of the license-permit raj, an inefficient government, a stifled private sector, and a strictly controlled import regime. All these led to low economic Growth, large incidence of poverty, an inefficient, unwieldy public sector, and pervasive...
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Retail inflation eased to 5.6% in July
-The Hindu Industrial output Growth halves from 28.6% in May to 13.6% in June Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output Growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 begin to fade. Food prices at the consumer level played a...
More »An urban jobs safety net -Rajneesh
-The Hindu It is time to formulate a wage employment-based national urban livelihood scheme similar to MGNREGS During the pandemic, we have again and again faced the difficult choice of saving lives versus protecting livelihoods. According to the World Economic Outlook report of April, 2021 of the International Monetary Fund (IMF), almost all countries, except China, experienced economic contraction last year. The global GDP shrunk by 3.3%. The contraction in the U.S.,...
More »No time to lose, says Sunita Narain on the new IPCC report
-Press release by Centre for Science and Environment dated 9th August, 2021 The latest IPCC report confirms that we can no longer lose time in prevarication or in finding new excuses not to act, including empty promises of net zero by 2050. We bring you an appraisal of the report’s findings by CSE director general Sunita Narain * The Intergovernmental Panel on Climate Change (IPCC) releases the first part of its sixth...
More »A disconcerting picture behind the headline numbers -Ishan Anand
-The Hindu There is evidence to suggest that the PLFS data may underestimate the loss of earnings and fall in consumption The third annual round of the Periodic Labour Force Survey (PLFS) data conducted during July 2019-June 2020 was released recently. The PLFS captures key indicators of the labour market such as the labour force participation rate (LFPR) — the proportion of population working or seeking work; worker-population ratio (WPR) — the...
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