-The Hindu Getting financial institutions to a healthy state when they can begin to lend confidently is most crucial for faster growth We bid goodbye to 2019 with a sigh of relief. Anything that could go wrong went wrong during this year. Growth rate plummeted. From the level of 8.1% in the fourth quarter of 2017-18, quarterly GDP growth fell to 4.5% in the second quarter of 2019-20, a fall of 3.6...
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Towards true unnati, and ending MGNREGA
-Financial Express The government’s proposed Unnati scheme, if it works as planned, offers MGNREGA beneficiaries a ticket out of the programme, and, in the long run, out of poverty. It has been clear for a long time that MGNREGA is barely the Poverty reduction tool it is often made out to be; at Rs 204 per day per person, the average wage rate across the country is too low to sustain a...
More »Plight of cotton farmers still unresolved -Sachin Kumar Sharma & Abhijit Das
-The Hindu Business Line The WTO hasn’t got the US to cut its cotton subsidies. This has hurt developing nations and distorted global trade in the commodity Recognising the importance of cotton in agriculture development, Poverty reduction and international trade, World Trade Organization (WTO) observed World Cotton Day on October 7. While this initiative is laudable, it does not conceal the harsh reality that the WTO has failed repeatedly in its efforts...
More »Explainer: What Abhijit Banerjee, Esther Duflo, Michael Kremer won the Economics Nobel for -Jahnavi Sen and Kabir Agarwal
-TheWire.in All three winners argue that using randomised control trials can lead to better public policy interventions. New Delhi: The 2019 Nobel Prize for economics has been awarded to three economists who have focused on framing policies by first measuring the outcomes of alternative interventions on randomly chosen samples from a target population. Abhijit Banerjee, Esther Duflo and Michael Kremer have all worked on using this method to argue that randomised control trials...
More »Lifting 271 mn out of poverty in 10 yrs, India fastest, Jharkhand No. 1 area: UN -Shalini Nair
-The Indian Express According to the global MPI 2019 report released Thursday, between 2005-06 and 2015-16, India, lifted 271 million out of poverty, significantly reducing deprivations in many of the ten indicators, particularly in “assets, cooking fuel, sanitation and nutrition”. India has registered the fastest absolute reduction in the Multidimensional Poverty Index (MPI) value among ten countries, spanning every developing region, whose combined population is two billion people. And Jharkhand is...
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