Higher income households, with higher savings and better sentiments, will drive the revival in consumer spending in India, the Centre for Monitoring Indian Economy said. “India’s revival in consumer spending is likely to be driven by households that earn more than a million rupees a year when the lockdown is lifted,” CMIE said in its … Read more
The Centre has effected an average 3.5% hike in daily wage rate for unskilled work under the Mahatma Gandhi National Rural Employment Guarantee Scheme. Though on the lower side compared to recent years, officials pointed to the fact that 11% hike, among the biggest, was effected last year owing to the Covid-19 pandemic and the … Read more
A higher fiscal deficit on account of blasé accounting reforms may suggest that the Centre has pumped in an enormous stimulus even as naya paisa laid out is actually minimal. Synopsis Budget 2021 could have done more for boosting public investment in agriculture and increasing government spending beyond what is incurred on repaying FCI’s debts. … Read more
Economists like Raghuram Rajan, Abhijit V Banerjee and Manmohan Singh, as well as politicians like P Chidambaram and Yogendra Yadav, have been advocating more cash be put in the hands of people. But they haven’t answered ‘How?’, ‘How much?’, and ‘At what cost?’ Synopsis Economists like Raghuram Rajan, Abhijit V Banerjee and Manmohan Singh, as … Read more
Patna: The ruling JD(U) on Thursday released its manifesto for the Bihar polls, promising progressive schemes under second leg of the ‘seven resolves’ of good governance in the next five years if it returned to power. Apart from outlining its future plans for the development of Bihar,Chief Minister Nitish Kumar led party also referred to … Read more
It is estimated that India lost nearly 4 percent of the GDP annually in terms of productivity, illness, and death due to multiple co-morbidities related to malnutrition. By Dr Sujeet Ranjan India has shown immense political will through the launch of the POSHAN Abhiyaan in 2018 and since then observing a National Nutrition Month every … Read more
There are an estimated six lakh weavers in the state, as per government data. (Photo source: Representational image: IE) The handlooms in West Bengal’s Nadia district have fallen silent at a time when their activity should have been at the peak owing to the upcoming Durga Puja. A handloom machine, locally called ‘tant’, could be … Read more