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In variance with the official growth story -R Nagaraj

-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...

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The curious case of a consumption decline

-Livemint.com A leaked NSO survey report says that expenditure by consumers across India actually fell over a six-year span till 2017-18. This is at odds with our GDP data. So what explains this finding? Is Indian consumption in decline? Anecdotal evidence has pointed that way for some time. But now, a leaked survey report of the National Statistical Office (NSO), published on Friday in Business Standard, seems to confirm suspicions of such...

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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...

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UPPCL EPF Investment scam: Addresses of 5 out of 14 brokerage firms found fake -Rohit K Singh

-Hindustan Times In a startling revelation, the addresses of five out of 14 Investment brokerage firms – hired by UP Power Corporation Limited (UPPCL) authorities for Investment of employees’ provident fund – were found to be fake, said senior officials UP police’s Economic Offences Wing (EOW). These 14 firms were hired by UPPCL authorities since March 2017 for Investment of employees’ PF in Mumbai-based Dewan Housing Finance Corporation Limited (DHFL), said an...

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Civil society group welcomes failure to sign RCEP; calls it 'bad deal for democracy' -Joe C Mathew

-Business Today RCEP trade deal: The group said that the Indian govt should not agree to the RCEP even in future as it will be a 'bad deal for democracy, for farmers, workers, will subvert our sovereign laws and compromise India's industrialisation potential'. Forum for Trade Justice, a pan-civil society network has welcomed the failure of the 16 negotiating countries to reach a consensus over the conclusion of the world's largest free...

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