-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...
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Over 9 crore employed under MGNREGA in 2020, the highest since enactment in 2008 by UPA govt
-National Herald The numbers show that it has come to the rescue of India’s rural workforce as the country battles one of its worst phases of economic slowdown and unemployment Over 9 crore persons living in rural parts of the country found informal work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in 2020 till October, a Right to Information (RTI) reply seen by NH has revealed. The rural workers...
More »Demonetisation: Modi’s Hollow Claims on Curbing Black Money -Prabhat Patnaik
-Newsclick.in The PM’s claim that greater cash use is associated with less transparency and hence a larger black economy is baseless, as is his assertion that cash use in India has fallen. On the fourth anniversary of demonetisation (November 8), Prime Minister Narendra Modi has claimed that it succeeded in curbing black money. He probably believes he can get away with making this claim because of the passage of time. But most...
More »Lesson from Bihar: Suffering Does Not Make People Shift Party Loyalties -Ajaz Ashraf
-Newsclick.in The results show how strong the pull of caste identity is. Nothing else explains why JD-U’s vote share did not shrink disastrously. The Bihar Assembly elections turned out to be a breathlessly close race, with the National Democratic Alliance pipping the Mahagathbandhan or Grand Alliance to the post. Yet the award for man of the match must go to Rashtriya Janata Dal leader Tejashwi Yadav, who took on the combined might...
More »NDA won in Bihar by reminding people of ‘Jungle Raj’. But data shows it’s a myth -Rakesh Chandra
-ThePrint.in No matter what Nitish Kumar or BJP says, analysis of crime data of Bihar reveals the truth about Lalu Prasad-era ‘Jungle Raj’. The Narendra Modi-led National Democratic Alliance, armed with its electoral catchphrase, “Jungle Raj ka Yuvraj”, hit the opposition led by Tejashwi Yadav where it hurts the most. The Bihar election results hint that the narratives of the ‘Jungle Raj’ succeeded in forcing people to recall the politics and governance...
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