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The great GDP fudge -Jairam Ramesh

-The Indian Express Same data, opposite conclusions, Dr Subramanian? “I am puzzled by the new GDP growth numbers. This is mystifying because these numbers, especially the acceleration, are at odds with other features of the macro economy. Import of goods declined. typically growth booms are accompanied by surges in imports not declines… similarly, real gross capital formation declined”. This was the chief economic advisor (CEA) Arvind Subramanian in an interview to the...

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No direct cash transfers under revised fertilizer subsidy regime -Gireesh Chandra Prasad

-Livemint.com New system to settle dues to fertilizer firms within a week, record detailed transaction data at time of sale New Delhi: The direct benefits transfer (DBT) scheme for fertilizers that will go on trial in eight districts this month will not entail what its name suggests— the transfer of cash to farmers’ bank accounts. Under the direct transfer of liquefied petroleum gas (LPG) subsidy, customers pay the entire amount for cooking...

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Govt faces opposition flak in RS over Aadhaar-linked sops

-The Times of India NEW DELHI: Rajya Sabha had to be adjourned thrice in the pre-lunch session on Thursday amid an uproar as the opposition targeted the government, alleging people were being denied essential benefits, including subsidised LPG and pensions, for not having Aadhaar card. MPs from SP, TMC and BJD had given a notice for discussion on the issue and demanded it be taken up when the House assembled in the...

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NGOs have to register with NITI Aayog for grants -Anuradha Raman & Puja Mehra

-The Hindu New Delhi: Stepping up its scrutiny of NGOs, especially their financial dealings, the Centre has made obtaining unique identification numbers and registering them on the NITI Aayog portal, including the details of the Aadhaar and PAN numbers of all their trustees and office- bearers, mandatory for them to apply for grants from any ministry. The decision was taken by the Aayog at its meeting on May 9, which Prime Minister...

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Eligible beneficiaries dropped from pension list in Rajasthan

It was a Rashomon moment for the readers of the First Common Review Mission report when they heard activists complaining about the pension system of Rajasthan during a recent press conference held in the capital. The First Common Review Mission (CRM) report, which was prepared during the month of May this year by a team of 32 experts had observed that pension related payments under the National Social Assistance Programmes (NSAP)...

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