-Down to Earth He says neither the government not the former chief economic advisor include the unorganised sector while computing economic growth Noted economist Arun Kumar said former chief economic advisor Arvind Subramanian is correct in saying that the rate of growth of Gross Domestic Product (GDP) has Been overestimated in the last few years. Subramanian's methodology to gauge economic growth, however, may also not be correct — both being indirect methods...
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Bihar first state to launch universal old-age pension scheme -Madan Kumar
-The Times of India PATNA: Bihar on Friday became the first state to launch a universal old-age pension scheme in which each person at the age of 60 years and above, irrespective of their financial, family or caste status, will get a sum of Rs 400 per month directly in his/her bank account. In other states, old-age pensions are provided only to the members of either BPL family or SC/ST or widows...
More »Centre's Crop Insurance Scheme Fails the Drought Test, 40% Claims Unpaid -Kabir Agarwal and Dheeraj Mishra
-TheWire.in RTI data obtained by The Wire show that for the 2018 kharif season, total premium collected by companies amounted to Rs 20,747 crore while the claims paid totalled Rs 7,696 crore. New Delhi: Insurance companies have missed the deadline to recognise and pay claims worth over Rs 5,000 crore made by farmers under the Centre’s Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme, according to data obtained by The Wire through...
More »The Dramatic Increase in the Unemployment Rate -Prabhat Patnaik
-Newsclick.in The Periodic Labour Force Survey Report 2017-18 clearly shows that there is a sudden jump in the unemployment rates across-the-board in 2017-18, compared to all preceding rounds of the NSSO. The report of the Periodic Labour Force Survey (PLFS) conducted in 2017-18 is finally out, and it confirms what had Been leaked earlier, namely a dramatic increase in the unemployment rate in the Indian economy. The unemployment rate is given under...
More »Number of children killed by encephalitis in Bihar rises to 57 -Amarnath Tewary
-The Hindu The State government has announced that it will open a new 100-bed ward for children, and six additional ambulances would be deployed for the government-run Sri Krishna Medical College and Hospital (SKMCH). Patna: The death toll of children due to suspected Acute Encephalitis Syndrome (AES) in Muzaffarpur on Friday went up to 57. The State government has announced that it will open a new 100-bed ward for children, and six additional...
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