-TheWire.in Earning less than a living wage, migrant workers resort to living in the open, in shared and cramped rented rooms, or within the workplace. The Union Budget, announced on February 1, has committed to provide assistance for building 3.7 million houses in urban areas in 2018-19 under the Pradhan Mantri Awas Yojana (PMAY). However, this does little to resolve India’s urban housing crisis, which affects the poorest and most marginalised populations...
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Jean Dreze, development economist, interviewed by Santwana Bhattacharya (The New Indian Express)
-The New Indian Express NEW DELHI: Amid controversial reports of hunger deaths in Jharkhand due to PDS beneficiaries being turned away, economist Jean Dreze says that even official records show that a significant proportion of people are being deprived of food rations every month. In an interview with New Sunday Express, the prime mover behind the NREGA welfare scheme said “this does not mean that Aadhaar is solely responsible for the failures...
More »Despite RERA, Centre and states not doing enough to protect home buyers -Manish
-Hindustan Times The central government has extolled RERA as a panacea for exploitation of home buyers with the establishment of an independent authority in each state. But its own actions in the Capital reflect poorly on the objective The Real Estate (Regulation) Act, 2016, the flagship legislation to protect home buyers, has come into force, but its implementation on the ground continues to lag, with the central and state governments equally lax...
More »Is the RTI law in danger of losing its might? -Poulomi Banerjee
-Hindustan Times The RTI Act of 2005 made the government more accountable. But a new set of proposed rules may weaken the law and make it difficult and risky for people to access information In 2015, activist Lokesh Batra filed a Right To Information (RTI) application with the Department of Personnel and Training (DoPT) seeking details about the appointment of the next Chief Information Commissioner (CIC). But the DoPT refused to...
More »Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
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