-The Times of India NEW DELHI: Village residents who opened bank accounts under the Prime Minister's Jan Dhan Yojana (PMJDY) may be saving more and cutting back on their consumption of alcohol and tobacco, a study by the economic research wing of the State Bank of India (SBI) suggests. This may have also slowed inflation in rural areas. When the PMJDY programme was launched there were fears that higher circulation of money...
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From 'Job-less' to 'Job-loss' Economy: What is PM Modi Doing -Savera
-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
More »India's criminal wastage: over 10 million works under MGNREGA incomplete or abandoned -Richard Mahapatra
-Down to Earth Since April 2014, the rate of work completion has been declining at rapid pace, indicating that crucial assets for villages are not getting created In the last three and half years, the rate of work completion under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has drastically declined, leading to wastage of public money and leaving villages more prone to drought. This could also be a reason...
More »A Brief Case for the Indian Jhola -Ashwini Deshpande
-The Indian Express This book serves as a timely refresher of current efforts to establish action-based research models that can positively influence public policy Book: Sense And Solidarity – Jholawala Economics for Everyone Author: Jean Drèze Publication: Permanent Black Pages: 354 Price: Rs 795 Beautifully produced, with a catchy and moving introduction, this volume is a collection of Jean Drèze’s op-ed pieces written between 2000-2017. The original pieces are grouped by theme, with a short new...
More »Face the decline -Himanshu
-The Indian Express To suggest that demonetisation improved rural wages on the basis of rise in income of some workers is misleading. It halted the recovery of the rural economy, which had begun after the 2016 monsoon. There is now a consensus that the economy has been slowing down and is headed for a hard landing. Many who matter have spoken out and as Yashwant Sinha points out (‘I need to speak...
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