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Body blows to Indian education -Debaditya Bhattacharya

a 2 per cent reduction in the Centre’s contribution towards school education and literacy, from a revised estimate of Rs 8,621 crore in 2018-19 to Rs 8,465 crore. Add to this the present annual Inflation rate of 5.24 per cent, and the total allocations have declined by more than 7 per cent in school education. Pitted against the NEP’s proposal of extending the Right to Education Act to cover school-going children of all ages till Class XII

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Civil society activists condemn the statement by Rural Development Minister in Parliament on discontinuation of MGNREGA scheme

ar (Rs 60,000 crore) is less than that of the previous year (Rs 61,084 crore). Moreover, with pending liabilities mounting at the end of the every financial cycle (20-35% of budget allocation) and Inflation increasing every year, both incontrovertible facts, even a seemingly small decrease in the allocation for the program brings implementation to a grinding halt on the ground. The dismissal of the demand for higher allocation for the program witho

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Retail Inflation inches up in June even as industrial growth slows down in May

-The Hindu Business Line A surge in the prices of meat, fish and pulses pushed the rate of retail Inflation a tad higher to nearly 3.2 per cent in June. Meanwhile, industrial production still seems to be in the slow lane, with 3 per cent growth in May. Rate cut possibility These two indicators will play a key role in the monetary policy review to be undertaken by the Monetary Policy Committee (MPC) in the second week of August. Since the

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CSOs are unhappy with the way the Economic Survey 2018-19 & the Union Budget 2019-20 dealt with MGNREGA

nt Guarantee demand the central government allocates at least Rs 88,000 crores for NREGA (this estimate is based on the projected demand for work available on the official NREGA website, adjusted for Inflation). Also, the government needs to conduct an honest evaluation of how Aadhaar and other technological interventions impact the implementation of NREGA and immediately discontinue those initiatives that violate workers’ entitlements. For f

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Falling far short of the goal -CP Chandrasekhar

onomy when the previous government took over (2014), and has grown to become a $2.7 trillion economy today will, the Prime Minister promises, grow to be a $5 trillion economy by 2024. Allowing for an Inflation rate of 5%, that requires a real growth rate of 8% or more per annum. If GDP has to grow at that rate, investment must rise sharply. The Budget is clear on the government’s role in this process. It cannot invest too much, but it must ensur

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A Budget that goes nowhere -C Rammanohar Reddy

al government capital expenditure (public investment) in 2019-20 by 6% in nominal terms. This is perhaps the first ever decline in public investment in the past half century, which, once adjusted for Inflation, could measure over 10%. It is no wonder that the Finance Minister, shedding the convention of decades, did not mention any allocations for schemes in her speech and pushed all the numbers to the fine print. Same direction as before It wou

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Not by wishful thinking -R Nagaraj

0 per month. The target implies an output expansion by 84% in five years, or at 13% compound annual growth rate. Assuming an annual price rise of 4%, in line with the Reserve Bank of India’s Inflation target, the required growth rate in real, or Inflation-adjusted, terms is 9% per year. To get a perspective, India officially grew at 7.1% per year over the last five years, but the annual growth rate

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NDA trounces agrarian crisis to win rural areas -Jitendra

er. This means that neither does a farmer have the base capital to invest, nor does s/he want to risk going back to agriculture. In the run-up to this election, India’s wholesale and retail Inflations were at 3.8 and 2.2 per cent respectively. It spoilt the mood in the farm sector, with farmers holding protests to seek a fair price for their produce. From wheat to potatoes and onions, they dumped their harvest on the road as market rates dip

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India's economy: broad hints of causes for worry

-The Telegraph Inflation and a poor monsoon may add to our woes in an economy already plagued with high unemployment and low demand The ministry of commerce has released the latest data on wholesale price index Inflation. The data on food Inflation have attracted attention as it soared to a 33-month high in April 2019. However, this rate of More »

WPI Inflation slides to 3.07% in April on cheaper fuel, manufactured items

-The Hindu Business Line But food prices rise to 33-month high of 7.37% New Delhi: Wholesale Price Index (WPI)-based Inflation for April eased to 3.07 per cent, from 3.62 per cent in the same month last year. The latest WPI print was also lower than 3.18 per cent recorded in March this year. Build up Inflation for the financial year so far was 0.75 per cent, lower than 0.86 per cent in the corres

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