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Jan Dhan accounts keep villagers sober, slow rural inflation: Study -Surojit Gupta

-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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Yogendra Yadav, national president of the Swaraj India party, interviewed by Manas Roshan (Scroll.in)

-Scroll.in The Swaraj India leader says the economy needs a big boost in the rural areas and for small scale manufacturers. In July, Yogendra Yadav, the national president of the Swaraj India party, embarked on a nationwide movement accompanied by activists and hundreds of farmers. Under the banner of the All India Kisan Sangharsh Co-ordination Committee, a coalition of more than 150 farmer unions across the country, the yatra was planned...

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RBI surveys show general economy in 'pessimistic zone', jobs big worry -George Mathew

-The Indian Express Employment prospects have been the biggest cause of worry for respondents, with sentiment plunging further into the pessimistic zone; the outlook on employment has also weakened in the last two rounds. Mumbai: A SERIES of surveys undertaken by the Reserve Bank of India (RBI) have indicated that more people see consumer confidence declining, business sentiment in manufacturing dipping, inflation on the rise and growth sliding. The findings are in...

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Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag

-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...

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Indian economy in a tailspin: What went wrong -Asit Ranjan Mishra and Gireesh Chandra Prasad

-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...

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