-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...
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Civil society presses for an increase in budgetary allocation for MGNREGA in FY 2020-21
-Press release by NREGA Sangharsh Morcha dated 27 January, 2020 As the Indian economy continues to languish, the government ignores the advice given by several noted economists, including that of the most recent Nobel winner Abhijit Banerjee, to improve the functioning of the National Rural Employment Guarantee Act (NREGA). The economy is facing blow after blow. India has the highest rates of unemployment in the past 45 years and food inflation...
More »IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India
-The Indian Express "Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in Credit Growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...
More »India's growth projected to 'decelerate' to 5% in 2019-2020: World Bank
-PTI The World Bank said India's growth rate was likely to recover to 5.8 per cent in the following financial year. Washington: The World Bank has projected a five per cent growth rate for India in the 2019-2020 fiscal, but said it was likely to recover to 5.8 per cent in the following financial year. The growth rate for Bangladesh has been projected to remain above seven per cent through the forecast horizon...
More »Pronab Sen, director IGC India, interviewed by Asit Ranjan Mishra (Livemint.com)
-Livemint.com Pronab Sen, director IGC India, speaks about the state of the economy, the challenge before the 15th Finance Commission and the controversy surrounding India’s statistical system NEW DELHI: Pronab Sen, country director of the International Growth Centre (IGC), had a long and distinguished career in the government as the principal adviser in the Planning Commission, the first chief statistician of India as well as the chairman of the National Statistical Commission....
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