-The Hindu ‘It should portray culture and society’ The Parliamentary Committee on Home Affairs has said that the coming census exercise “should not merely be data-oriented; rather it should portray the perspective of culture and society.” Members of the panel felt that since the current census has not commenced yet, an effort should be made on the part of the Ministry of Home Affairs (MHA) through the Registrar General of India (RGI) to...
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How the Crude Oil Price Spike Will Upend India's Fiscal Balancing Act -Kaushal Shroff
-TheWire.in India will have to brace itself for an inflationary shock that will only serve to bludgeon a COVID-ravaged economy. Russia’s offensive refuses to pause. Since February 24, a little over 2.3 million Ukrainians have fled seeking a safe haven while the Russian army is upping the stakes and making the war exponentially dirtier by attacking civilian enclaves, non-military infrastructure and even hospitals. On March 10, Russia retaliated to the banking, business and...
More »MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
More »Census rules amended to allow self-enumeration, digital data collection
-The Hindu The decennial Census exercise, which was indefinitely postponed due to the COVID-19 pandemic, will be held for the first time both in the digital mode and through paper schedules The Union government has amended the Census Rules framed in 1990 to allow the details to be captured and stored in an electronic format and also to enable self-enumeration by respondents. The decennial Census exercise, which was indefinitely postponed due to the...
More »Real wage rates of the rural workers hardly increased during the last 6 years
In the absence of income or expenditure-based headcount ratio, the growth in the real wages (i.e., nominal wages adjusted against retail inflation) of the manual workers is considered to be a good proxy to assess the trends in poverty. This is because the manual, unskilled/ semi-skilled labourers exist at the bottom of the pyramid or economic hierarchy, and most of them belong to the social categories Scheduled Castes (SCs) and...
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