-The Telegraph New Delhi: Former Prime Minister Manmohan Singh today directly linked the slowdown in growth to demonetisation, pointed out that private investments had almost dried up and expressed deep concern over a jobs crunch. The most authoritative Opposition voice on the economy was speaking at the Congress Working Committee meeting, five months after describing demonetisation as "organised loot and legalised plunder" and warning that growth would be severely affected. "India's GDP numbers...
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Where are the jobs? -Himanshu
-Livemint.com The BJP government, which came to power on the promise of creating 20 million jobs per year, has not yet recognized the gravity of the situation The Central Statistical Office (CSO) has released the full-year growth estimates for 2016-17. These had been much awaited given the uncertainty over the impact of demonetization. These were on expected lines, with fourth quarter growth in gross value added (GVA) in 2016-17 declining to 5.6%...
More »3 yrs of Modi govt: 73% of targeted villages electrified, but only 8% fully -Mukta Patil
-IndiaSpend/ Business Standard In Uttar Pradesh, Nagaland, Jharkhand and Bihar, fewer than 50% of rural households have electricity As many as 73% of the 18,452 villages that the Bharatiya Janata Party (BJP) government identified for electrification in 2015 now have power supply, but only 8% of these villages had all their households electrified, according to the government’s own data. As of May 25, 2017, 13,523 villages have been electrified, but 100% household connectivity...
More »Hazards of relying on labour bureau's employment data to evaluate job creation -Roshan Kishore
-Livemint.com A detailed look at Labour Bureau’s Quarterly Employment Survey (QES) methodology and design suggests that one shouldn’t read too much in these numbers New Delhi: Opposition parties and many commentators have been citing the Labour Bureau’s Quarterly Employment Survey (QES) numbers to attack the government over failure to generate employment). How credible are such claims? A detailed look at QES methodology and design suggests that one shouldn’t read too much in...
More »Modi Government's Maternity Benefits Scheme Will Likely Exclude Women Who Need It the Most -Dipa Sinha
-TheWire.in Conditionalities related to utilising health services do not make any sense in the absence of a service guarantee, and only serve to blame the victims and not the system for its failures. Nearly six months after the prime minister announced maternity benefits of Rs 6,000 to pregnant and lactating mothers, the cabinet yesterday approved the implementation of the maternity benefits programme (MBP) – a scheme that will likely exclude a large...
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