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Economic Survey 2020 projects GDP growth at 6 - 6.5% in FY21

-The Indian Express The Economic Survey 2020, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The Economic Survey 2020 projected an economic growth of 6 to 6.5 per cent in the fiscal year starting April 1. The survey, prepared by Chief Economic Advisor Dr Krishnamurthy Subramanian, was tabled by Union Finance Minister Nirmala Sitharaman in Parliament Friday. The survey put current fiscal...

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Civil society demands for increase in budgetary allocation under MGNREGA to clear pending wages

-Press release by NREGA Sangharsh Morcha dated 31st January, 2020 Rural distress has risen to alarming levels. As per the Periodic Labour Force Survey (PLFS) of 2017-18, rural unemployment stands at 8 percent (statement 30 in Section 3.7, PLFS). In conjunction with skyrocketing food inflation levels, this is a serious concern. The situation is much worse for the landless depending on casual manual labour who constitute more than half the rural...

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Dig holes and fill them up -Surajit Das

-TelanganaToday.in Follow the Keynesian policy and go for larger fiscal deficit that puts more purchasing power in people’s hands Finance Minister Nirmala Sitharaman will present her second Budget on February 1 amid a slowdown in GDP growth and an increase in the rate of unemployment. Even supply-side economists are acknowledging that the current situation is because of the problem of aggregate demand. The demand-side economists, anyway, have been arguing for expansionary...

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Govt signs accord with NDFB, ABSU to resolve Bodo issue -Vijaita Singh

-The Hindu To redraw and rename the Bodoland Territorial Area District (BTAD) in Assam The Ministry of Home Affairs (MHA), the Assam government and the Bodo groups on Monday signed an agreement to redraw and rename the Bodoland Territorial Area District (BTAD) in Assam, currently spread over four districts of Kokrajhar, Chirang, Baksa and Udalguri. As per the agreement, villages dominated by Bodos that were presently outside the BTAD would be included and...

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Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee

-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position...

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