Synopsis: The recently rolled out NMP project, though has the right intent, but is fraught with challenges. A look at some of them. What are some issues with the National Monetization Pipeline (NMP) project? While the Niti Aayog has listed assets worth ₹6 trillion for the NMP, by its own estimate, it can only raise about ₹3.4… Continue reading Inside India’s asset monetization gambit
What is the news? In the last few months, the government has become more aggressive towards reform as evidenced by several recent policy changes. Introduction The post-Covid, or rather the living-with endemic-Covid world offers major opportunities for India to accelerate its economic growth momentum again. This economic growth alone will get us out of the… Continue reading Sarkar’s Reform Mode: On various economic reforms by the govt.
Synopsis: Economic recovery is unlikely to prove sustainable when most basic indicators of human development show a worsening of our situation. Introduction Estimates of gross domestic product (GDP) for the first quarter of fiscal year 2021-22 were released on 31 August. This year’s first-quarter estimate shows a 20%-plus GDP growth. However, the real issue is… Continue reading The irrelevance of Indian GDP estimates to most of our citizens
Synopsis: Govt should recognize the evidence of distress and job loss in India. V-shaped recovery is still far away. Introduction According to the government, India’s economy is bright and strong since headline GDP grew 20% in the recent quarter after falling 24% in the same quarter last year. However, it is important to evaluate the… Continue reading Where’s The V-Shaped Recovery?
Synopsis: Systemic policy reforms are required to unlock creativity and innovation in the economic system, raise the total factor productivity (TFP) and to achieve higher growth. Introduction The crisis caused by the pandemic in the country and at global level has led to a debate about new approaches to manage the economy and the future… Continue reading The economic reforms — looking back to look ahead
Source: This post is based on the article “Key priorities for employment policy” published in Business Standard on 30th August 2021. Relevance: Employment Generation in India and Employment strategy for India. Synopsis: Measures that generate income for the poor are more important than modifying the applicability threshold for labour laws. Context Several decades of relatively high… Continue reading Key priorities for employment policy
Source: PIB What is the News? The Government of India has constituted a committee on the occasion of National Handloom Day for doubling the production and quadrupling the exports of handlooms in a span of 3 years. About the Committee for the Handloom Sector: Headed by: Sh. Sunil Sethi, Chairman, Fashion Design Council of India… Continue reading Government Constitutes a Committee for doubling the production and quadrupling the exports of handlooms in a span of 3 years
Source: Indian Express What is the news? According to data sourced from the Management Information System (MIS) of the Ministry of Rural Development, in the last four years, Social Audit Units (SAU) under Rural Development Departments (RDD) across India have found financial misappropriation of Rs 935 crore under various schemes of the Mahatma Gandhi National… Continue reading Rs 935 crore misappropriated in NREGA schemes in last four years, show data from Govt
Source: Indian Express Relevance: Formalization of work force, problems faced by informal sector workers Synopsis: Ignoring problems in the informal sector can be costly as it can lead to job and wage losses, higher inflation and even risk the livelihood of migrant workers. Context Informal sector workers suffered far more from the national lockdown in… Continue reading What India’s informal sector needs right now?
Source: Times of India Relevance: Dealing with economic implications of COVID Synopsis: Reversing the pandemic hit to the job market is only a first step. The real jobs challenge still lies ahead. A brief look at the impact of COVID on the job market and the future challenges. Context Economy is coming to pre-covid level… Continue reading Finding work is work in progress (COVID’s impact on jobs)