There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
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Number theory: Shrinking public sector employment and its costs -Pabitra Chowdhury and Rosa Abraham
-Hindustan Times As the public sector has contracted, there has been no other good employer that has emerged to take its place despite the economic expansion of manufacturing and services sectors. Despite several decades of rapid growth of the private sector in India, the allure of a public sector job, historically associated with security, steady pay, and multiple benefits, continues to remain strong for most Indians. The protests following the announcement of...
More »Trains, Road Traffic Affected As Farmers Protest In Punjab, Haryana
-PTI/ NDTV.com In Punjab, the Ferozepur division of Indian Railways had to cancel or reschedule several trains because of the four-hour agitation. As a result, scores of passengers were forced to wait at various railway stations for hours. Chandigarh: Farmers on Sunday squatted on railway tracks and blocked roads at several places in Punjab and Haryana as part of the Samyukta Kisan Morcha's nationwide protest against the centre "reneging on its promises"...
More »8 Dead, 50 Missing After Massive Landslide At Manipur Mega Train Project Site -Ratnadip Choudhury
-NDTV.com Manipur landslide: The district administration is in touch with national and state disaster management agencies for search, rescue and relief operations. Guwahati: At least eight people were killed and 50 others are feared missing after a massive landslide hit a town in western Manipur's Noney district. The incident took place at the 107 Territorial Army Camp near the Tupul yard railway construction site on Wednesday night. Of the eight killed, seven are...
More »Former, sitting MPs' train travel bill Rs 62 crore in past five years, Rs 2.5 crore in 2020-21: RTI
-PTI/ The New Indian Express While sitting MPs are entitled to use the railways' first class air-conditioned or executive class for free, their spouses too can avail free travel under certain conditions. NEW DELHI: Free train travels of sitting and former Lok Sabha members over the past five years have cost the exchequer Rs 62 crore, which included nearly Rs 2.5 crore in the pandemic-hit 2020-21, according to information revealed under the...
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