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India GDP overestimation: more evidence -Nikita Kwatra

-Livemint.com India’s actual growth rate over the past few years may have been in the range of 5-5.5% over the past few years, according to a new study Last month, a research paper by the former chief economic adviser to the finance ministry, Arvind Subramanian, reignited the controversy surrounding India’s GDP calculations. In his paper, Subramanian suggested that India’s growth rate in recent years had been grossly overestimated --- a claim that...

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Why young, not ageing, firms can spur job creation -Dhirendra Tripathi

-Livemint.com * Contrary to popular belief, the Economic Survey 2019 says “dwarfs”—over 10-year-old firms with less than 100 employees—which account for a majority of firms in organized manufacturing, hold back job creation and productivity * Mint explains why it is so and the way out How do small and young firms fare in terms of job creation? The Economic Survey says the contribution of small firms to output and employment in the manufacturing sector...

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Penalty, jail term to private entities storing Aadhaar data -Bindu Shajan Perappadan

-The Hindu Lok Sabha clears Aadhaar amendment Bill amid stiff opposition. The Lok Sabha cleared the Aadhaar and Other Laws (Amendment) Bill, 2019 by a voice vote on Thursday. The Bill replaces an Ordinance promulgated on March 2 and provides for a stiff ?1 crore penalty and a jail term to private entities for storing Aadhaar data. It also makes the use of Aadhaar voluntary for opening a bank account, securing a mobile phone...

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27% of children with disabilities have never been to school: UNESCO

-The Hindu There are fewer girls with disabilities in school than boys, says report More than one in four children with disabilities between ages 5 and 19 in India have never attended any educational institution, while three-fourths of five-year-olds with disabilities are not in school. A report by UNESCO and the Tata Institute of Social Sciences released on Wednesday recommends structural, funding and attitudinal changes to ensure that no child is left out...

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