-TheCitizen.in NEW DELHI: Volume II of the Economic Survey which was brought out by the MINISTRY OF FINANCE a few days ago paints an extremely grim picture of the Indian economy. The growth rate of real Gross Value Added (GVA which is the appropriate thing to look at, since the GDP measure includes net indirect taxes and hence does not truly reflect output trends), was 6.6 percent for 2016-17 as a whole,...
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Economy yet to recover from the body blow of demonetisation, admits Economic Survey -Mayank Jain
-Scroll.in The Economic Survey stated that long term benefits of the exercise are yet to materialise. It is now over nine months since the government suddenly withdraw 86% of India’s currency in November but India’s Chief Economic Advisor Arvind Subramanian remains unsure if this note ban or demonetisation actually helped any sector of the Indian economy, the latest volume of Economic Survey tabled in Parliament on Friday suggests. The Chief Economic Advisor...
More »Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
More »More money for social schemes in 2019 run-up
-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...
More »States are failing to spend their education budgets - because the budgets are too low -Shreya Roy Chowdhury
-Scroll.in Chronic underspending on education has created governance systems that are unable to use the allocated funds. The Comptroller and Auditor General of India has found that states failed to spend over Rs 10,000 crores made available to them for elementary education every year between 2010-’11 and 2015-’16. The auditor’s report, which was tabled in the Lok Sabha on July 21, reviewed the implementation of the Right of Children to Free and...
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