-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...
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12-year low -- and Before Covid
-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...
More »PM CARES is not a public authority under RTI Act: PMO -Priscilla Jebaraj
-The Hindu Fund is not public authority, says reply The Prime Minister's Office (PMO) has refused to disclose details on the creation and operation of the PM CARES Fund, telling a Right to Information applicant that the fund is “not a public authority” under the ambit of the RTI Act, 2005. The Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM CARES) Fund was set to accept donations and provide relief during...
More »Bharat's lockdown diet is boiled rice, salt -Sayantan Bera
-Livemint.com * A ground report reveals pervasive hunger and undernourishment in rural India awash with returning migrants * Just providing rice and wheat at a highly subsidized price may not be enough when day jobs are scant and families have no cash in hand BANDA: Thanks to an all-familiar power cut in the evening, it’s pitch dark in Jhandupurva village. A few torch lights from smart phones pierce through the darkness and illuminate...
More »In Amartya Sen vs Jagdish Bhagwati debate, was Sen right after all? -Manas Chakravarty
-Moneycontrol.com The COVID-19 pandemic brings a new perspective to the Sen vs Bhagwati 2014 debate. Just before the general elections in 2014, a rather unlikely fight erupted in the pink papers. In the Left corner, wearing what some people said were bright red shorts, was Nobel Laureate and economist Amartya Sen. In the Right corner, wearing true blue shorts, was eminent trade economist Jagdish Bhagwati. The dispute was whether social welfare and health...
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