-Business Today Priyanka Kishore, Lead Asia Economist at Oxford Economics tells Business Today why India's GDP may well not be 7 per cent. Excerpts from an interview. * What were the reasons that prompted you to relook at India's growth numbers? India announced a revamped GDP series in early 2015, based on the requirements of the 2008 System of National Accounts (SNA). The new method made substantial changes to both the estimation and...
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How to be a model State again -Jayan Jose Thomas
-The Hindu Kerala today is not generating enough jobs to meet the expectations of educated Keralites entering the labour market. Changing this is vital and doable Kerala’s development model is in focus yet again as the newly elected Left Democratic Front government is in the process of evolving a vision for the State’s economy. On the one hand, Kerala has made spectacular achievements in land reforms, education, and health since its formation. Amartya...
More »Double-whammy: inflation is rising, factory output is falling
-The Hindu Business Line June IIP up, but Manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing Manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as Manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...
More »Goods and Services Tax (GST), explained
-The Indian Express The Goods and Services Tax (GST), the biggest reform in India’s indirect tax structure since the economy began to be opened up 25 years ago, at last looks set to become reality. The Constitution (122nd) Amendment Bill comes up in Rajya Sabha today, on the back of a broad political consensus and boosted by the ‘good wishes’ of the Congress, which holds the crucial cards on its passage....
More »RTE Forum condemns Child Labour (Prohibition and Regulation) Amendment Bill, 2012 passed by the Lok Sabha
-Press Statement from Right to Education Forum Lok Sabha has passed today Child Labour (Prohibition and Regulation) Amendment Bill, 2012 and allowed work for children below the age of 14 years in family enterprises is a regressive move. RTE Forum, a coalition of ten thousand grass-root organizations, people’s movement, educationists and teachers organizations, has said that “Today is black day for the millions of Indian children; they will now be deprived...
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