-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
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PDS focus should be on people, not fingerprints -Geetanjali Krishna
-Business Standard For those whose fingerprints don't match, life becomes 'imPoS-able' New Delhi: In certain circles of Jharkhand, a newly-minted term has become the source of heartburn and more — PoS-able. It refers to whether or not one’s fingerprints match on the PoS (point of sale) biometric readers in ration shops. Those whose fingerprints match, access their allotted ration. For those whose fingerprints don’t match, life becomes ‘imPoS-able’. According to an ongoing...
More »In Jharkhand, Widespread Backlash Against BJP's Attempts to Divide Adivasis on Religious Lines -Ajoy Ashirwad Mahaprashasta
-TheWire.in Adivasi leaders and activists say that behind the recent communal legislations is the state government’s hidden agenda to transfer community land to corporates and deflect attention from its failure to address crucial developmental issues plaguing the state. New Delhi: The abuse and heckling that Jean Drèze had to face at the hands of BJP leaders on the eve of 70 years of India’s independence is startling, not just because of the...
More »Economy yet to recover from the body blow of demonetisation, admits Economic Survey -Mayank Jain
-Scroll.in The Economic Survey stated that long term benefits of the exercise are yet to materialise. It is now over nine months since the government suddenly withdraw 86% of India’s currency in November but India’s Chief Economic Advisor Arvind Subramanian remains unsure if this note ban or demonetisation actually helped any sector of the Indian economy, the latest volume of Economic Survey tabled in Parliament on Friday suggests. The Chief Economic Advisor...
More »Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
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