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GST, a buoyant force -Kapil Patidar & Arvind Subramanian

-The Indian Express Aggregate revenues have done well, despite headwinds, especially for less developed, consuming states One fiscal year into the implementation of the GST, it is worth asking how it has performed in terms of revenue generation both for the country and for individual states. And here the news, based on analysing nine full months of data, is encouraging. Three important and new points stand out. One, aggregate revenues are highly buoyant....

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With liquor out, Bihar splurges on saris

-PTI Consumption of honey, cheese rises: study Patna: Prohibition is making people of Bihar spend on good clothes and food with sale of expensive sarees rising by 1,751%, while consumption of honey by 380% and that of cheese by 200% in the first six months of the ban, according to latest studies on the measure. The studies, conducted by think tank Asian Development Research Institute (ADRI) and government-funded Development Management Institute (DMI), also...

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In 7 years, 76% farmers committed suicide in Maharashtra due to indebtedness: Survey -Surendra P Gangan

-Hindustan Times Osmanabad, and Yavatmal in Vidarbha are two of the worst affected districts in the state, in the last seven years. In a recent study of 450 families that have witnessed farmer suicides in Osmanabad district of Marathwada, the Tata Institute of Social Studies (TISS) found that farmers from nuclear families are more vulnerable to commit suicide than those in joint families. Osmanabad, and Yavatmal in Vidarbha are two of the worst...

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Economy in a shambles: PC

-The Telegraph New Delhi: The Congress on Monday asserted that boastful claims and sermons on the economy after the completion of four years of the Narendra Modi government were of little value as the lives of ordinary people had worsened because of reckless decisions and administrative incompetence at a time when the global economy was looking up. Former finance minister P. Chidambaram said at a news conference: "The RBI's Consumer Confidence Survey...

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Why the Modi govt's move to ditch quarterly jobs surveys to make way for EPFO-based employment data is a mistake India -Dinesh Unnikrishnan

-Firstpost.com The labour ministry has put the Quarterly Employment Survey (QES) on the back burner as it wants to transition to computing payroll data based on Employees’ Provident Fund Organisation (EPFO) subscriptions, based on data from the Employees State Insurance Corporation (ESIC) and the Pension Fund Regulatory and Development Authority (PFRDA), according to this report in The Economic Times. Of course, the EPFO-based jobs data gives one a better picture about the...

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