-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like Demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
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Monthly household costs up after GST? You are not alone, 54 per cent have the same complaint -Prabhash K Dutta
-India Today After Demonetisation, GST could be another headache for the government. According to a survey conducted on completion of two months of GST, 54 per cent people complained about rising monthly household costs. In a series of online surveys, conducted by a citizen grievances portal having a tie-up with the consumer affairs department of the central government, one in every two persons has reported a rise in household costs after the...
More »Modi Government Gives Shock Treatment To Social Policy -Jean Dreze
-NDTV The Modi government is finally getting some flak, as it should, for its confused economic policies, epitomised by the Demonetisation blunder last year. Despite relatively favourable circumstances (including good monsoons and a decline in international fuel prices), the rate of economic growth is declining quarter after quarter. For manufacturing, it is even close to zero, according to the latest estimates. Statistics related to employment and wages are even more worrying....
More »NREGA giving only 46 of 100-day work: Workers' alliance
-The Indian Express Activists said that this goes against the spirit of the demand-driven scheme, which has seen a spurt in demand due to rural distress triggered by droughts, floods, and post-Demonetisation reverse migration. New Delhi: CONSTANT under-funding of MGNREGA, the rural employment guarantee scheme, is leading to low employment generation on the ground, with only 46 days of work being provided per employed household on an average over the last five...
More »Revisiting demonestisation: 'If the notes have come back, why not the lost jobs?' -Abhishek Dey
-Scroll.in In Delhi’s largest industrial area, many are still struggling to find work. “If 99% of the demonetised currency has returned [to the banking system], then why haven’t the jobs that Demonetisation took away from us come back too?” asked Bajrang Yadav, 45, standing in a waterlogged lane outside his home in a slum cluster in West Delhi’s Mayapuri area last Sunday. Yadav was referring to the Reserve Bank of India’s annual report...
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