-The Hindu It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework In a few weeks, a quarterly ritual will play out in India. The Government will release the first quarter’s Gross Domestic Product (GDP) growth numbers with some chest-thumping about how India is among the fastest-growing economies in the world. Opposition parties will hold press conferences on the same day to counter such bombast...
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LPG PRIce crosses Rs.1,050, cylinder refills decline among PMUY consumers -Vignesh Radhakrishnan & Jasmin Nihalani
-The Hindu The PRIce surge in LPG cylinders has pushed consumers to lower the number of LPG refills with 5% of the PMUY beneficiaries refilling just once per year in FY22 The PRIce of a 14.2 kg cylinder has skyrocketed to ₹1,053 in July 2022. Though a subsidy of ₹200 per cylinder was recently announced for the Pradhan Mantri Ujjwala Yojana beneficiaries, the subsidised rate of ₹853 is still double the amount...
More »'Revdi Culture' or Govt's Basic Responsibility? What PRIoritising Welfare Is Really About -Deepanshu Mohan
-TheWire.in States like Delhi (despite its unique multi-party governance architecture), West Bengal, Kerala (or even Goa and Sikkim) perform better compared to UP when it comes to being measured for securing access to basic social, economic services. In a veiled attack against BJP’s political opponents, accusing them of promising ‘freebies’ (revdi) in exchange for electoral votes, PRIme Minister Narendra Modi on Saturday cautioned people, especially the youth, against this “revdi culture”, saying...
More »Backsliding on climate action -TS Tirumurti
-The Hindu Western nations have started reinterpreting the Paris deal and look to downgrade their commitments Countries in Europe led by Germany, Austria and the Netherlands are cranking up their coal plants again. Coal exports to Europe are surging. Fossil fuels are making a comeback and countries are rejecting the European Union (EU)’s plan to reduce natural gas consumption by 15%. Dutch, Polish and other European farmers are protesting against emission cuts...
More »PRIce pinch: Editorial on the impact of inflation
-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, PRIce inflation has been creeping up in the recent past. The latest data for June 2022 show consumer PRIce index inflation to be 7.01% and wholesale PRIce index inflation to be 15.18%. Food PRIces, which are an important component...
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