-TheWire.in Using tax collection numbers as signifiers of robust economic activity may be highly optimistic. One of the most interesting questions in Indian macroeconomics today is – how are we faring since late 2016? In this article, I seek to analyse data on tax revenues and obtain some clues about the performance of the economy. In a press release published on January 9, the central government reported the following increases in tax collections...
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Oxfam's Inequality Report Has Big Flaws, But That Doesn't Narrow India's Stark Wealth Divide -Rukmini S
-Huffington Post Global inequality data may be skewed by debt, but Indian inequality really is as bad as it says. Mark Zuckerberg is wealthier than the poorest 40% of Indians, and Mukesh Ambani is worth more than the poorest 30% of Indians, a new report by Oxfam says. While Oxfam might be misstating some facts on global inequality, the data on Indian inequality really is that bad. The report, released on Monday morning,...
More »PM Fasal Bima Yojana not reaching farmers who really need it -Rajalakshmi Nirmal
-The Hindu Business Line Non-loanee farmers availing insurance may be far fewer than data claim Last January, Prime Minister Narendra Modi introduced a new crop insurance scheme with the aim of bringing 50 per cent of the country’s farmers under insurance cover in three years. data shows that in kharif 2016 — the first season after the scheme’s launch — crop insurance coverage had risen. However, despite the Centre’s claims, this growth is...
More »National Food Security Act, mid-day meal, other welfare schemes suffer as states fail to lift grain quota -Sandip Das
-The Financial Express New Delhi: The states have not been lifting the entire volume of foodgrains allocated by the Food Corporation of India (FCI) for the various social sector schemes including National Food Security Act (NFSA), mid-day meal and other welfare schemes for the past many years due to inadequate storage facilities. According to official data, in FY16, only 84% of wheat and 94% of rice allocated to states for distribution for...
More »Farm distress: Telangana's food output drops as paddy area shrinks -KV Kurmanath
-The Hindu Business Line Foodgrain output down 28.7% as paddy area shrinks Hyderabad: In the recent numbers released by the National Crimes Records Bureau (NCRB), Telangana stood second only to Maharashtra, with 1,400 farmers and farm labourers ending lives in the year 2015-16. The State had accounted for nearly 10 per cent of all 12,000 farm suicides reported that year. The latest numbers gathered by the Telangana government corroborated the serious distress in the...
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