-The Hindu More than half the defence budget is allocated for pensions every year while less than 5% is allocated for research and development One key reason for the Agnipath scheme, which aims to recruit defence personnel in short-term contracts, could be to reduce increasing pension payments in the Army, Navy, and Air Force. More than half the defence budget is allocated for pensions every year while less than 5% is allocated...
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More than 4 lakhs posts in the Central govt. lying vacant, shows latest available data
Since jobs have shrunk due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...
More »Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan
-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...
More »Are NDA and UPA budgets radically different? -Tadit Kundu
-Livemint.com Whether the present Modi-led NDA government can live up the legacy of high capital expenditure by the Vajpayee government is the big question Arun Jaitley presented his fourth budget on 1 February 2017. This budget would be remembered for historical breaks from its predecessors due to dropping of plan versus non-plan expenditure categories, merging of railway budget into Union budget and advancing of budget date by a month etc. While these are...
More »NREGA Workers Protest Low Wages by Returning Five Rupees to PM Modi
-TheWire.in Hundreds of NREGA workers from Manika in the Latehar district of Jharkhand have decided to send a letter, along with 5 rupees each, to Prime Minister Narendra Modi today. In a sarcastic attempt to highlight the government’s expenditure priorities and protest against the low NREGA wages even in times of drought, the workers have talked about how the government has raised the NREGA wages from 162 rupees to 167 rupees per...
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