-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the Government is in no position...
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Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21
-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the Government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...
More »Law Ministry gives nod for Aadhaar Card linking with Voter ID: Take note of these new details -Debjit Sinha
-Financial Express Aadhaar Voter ID linking, seeding: It all began in August 2019 when the ECI wrote a letter addressed to the Law Secretary proposing amendments to two pivotal acts- Aadhaar Act, 2016, and Representation of the People Act, 1950. Aadhaar-Voter ID linking process gets Modi Government nod! The Union Law Ministry has given its approval for Aadhaar Card Voter ID linking process, a proposal put forwarded by the Election Commission of...
More »Government must engage in a collaborative effort with farmer groups -Ajay Vir Jakhar
-The Indian Express There is an ambiguous provision to levy income tax on “dairying”. Either the provision should be removed or it should be clarified that it does not include dairy farmers. Dairying is a part of agriculture and as per the Constitution, it is a state subject. Those in power may not yet be accepting blame for the barrage of negative news on the state of the economy, but cracks are...
More »Ex-Chief Statistician Pronab Sen: For data credibility, need to fix calendar for its release -Aanchal Magazine & Anil Sasi
-The Indian Express As of now, the Government does have a calender for release of data sets such as national accounts, Index of Industrial Production and inflation. But there are no specific timeline for release of labour force statistics and consumption expenditure surveys. Putting in place a release calendar for all official economic data sets and ensuring their timely release is key to restoring the credibility of India’s statistics, according to Pronab...
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