The Indian economy appears to have slowed down in 2018-19 due to lower private consumption, tepid growth in fixed investment and muted exports, a finance ministry report has said.
Finance secretary Ajay Bhushan Pandey on Sunday hinted that the government was working on another stimulus package but he refrained from giving a timeframe.
'All El Ninos are not associated with the deficient monsoon.'
Are breakthroughs on this imminent, asks Ajit Balakrishnan.
This is mainly due to GST impact on manufacturing and subdued farm output.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
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During April-February, the index of industrial production, a measure of factory activity, declined 0.1 per cent compared with a 0.9 per cent growth in the corresponding period of 2012-13.
'The situation is especially serious in major hotspot districts or emerging hotspots like Ahmedabad and Surat (Gujarat), Thane (Maharashtra), Hyderabad (Telangana), and Chennai (Tamil Nadu),' the MHA statement said.
While it took the Congress nearly a half century to earn the hatred of other political outfits, the BJP appears set to reach there in around six years, says Arun Bhatnagar, former secretary to the GoI.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world's leading experts in banking, corporate governance and economic policy
The World Bank's latest review of its purchasing power parity (PPP) baseline will reignite the poverty debate.
We can expect to see more Chinese wolf warrior diplomats on the prowl, in India's neighbourhood, though its mailed fist is not so visible while dealing with India, observes Colonel R Hariharan (retd).
The rates of price rise in many services used by the common man, including hospital and nursing, cook, domestic help and bus (fare), among others, have also touched double digits during the last four years, putting a burden on disposable income.
Is a martyred soldier just a statistic? Our nation, a great civilisation, a great culture has to learn to respect and feel oneness with its soldiers, says Tarun Vijay.
If anything has become clear during this campaign, it is this: Mr Modi can bat on almost any wicket and hit the ball over the ropes, points out T N Ninan.
The estimates of national income and growth do not pass the 'smell test'.
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
India's monthly per capita income, the measure of standard of living, is likely to be at Rs 7,378.17.
The expectation that Mr Modi would be a major reformer, capable of reinvigorating the Indian economy, were based on a complete misreading of both his actions and his performance as Gujarat chief minister, says Mihir S Sharma.
'Given that the economy is going through a slowdown, further downward revisions of the 2019-2020 growth estimates cannot be ruled out,' notes A K Bhattacharya.
The companies experienced a drop of 5,436 approved petitions (37 per cent) in 2016 as compared to previous year, a report by the National Foundation for American Policy, a Washington-based non-profit think-tank, said.
Even in this darkest hour of a crumbling economy and raging disease, there is hardly a murmur of protest against the government, observes Sumit Bhattacharya.
Is India witnessing jobless growth or is there actually no issue with employment? The real story is between the first two suggesting that though there is sufficient employment, the challenge is to create well-paying quality jobs, says Amitabh Kant.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
Taking exception to Health Minister Harsh Vardhan not mentioning the death of healthcare workers due to Covid-19 in his statement in Parliament, the Indian Medical Association has published a list of 382 doctors who died due to the viral disease and demanded that they be treated as "martyrs".
This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13
It has been a difficult year for the world's second-largest economy.
Deane De Menezes hopes to reduce the awkwardness and stigma around menstruation.
In another 2-3 weeks, coronavirus will chariot India to overtake the United States. In March, Modi had exhorted the nation to celebrate India's impending success over the virus by clanging metal plates. Make no mistake, India is losing this momentous war under his captaincy, notes Ambassador M K Bhadrakumar.
The First Advance Estimates of National Income, 2016-17 did not reflect the impact of demonetisation, effected on November 9 and are based on sectoral data for only seven months to October.
Lieutenant General Syed Ata Hasnain (retd), former general officer in commanding, 15 Corps, explains what may have happened during the Indian Army's anti-terrorist operation in Kashmir in which four soldiers and one policemen, including the commanding officer 21 Rashtriya Rifles, made the supreme sacrifice for the Motherland.
Is the Modi government serious about the safety of women in India?
The employment rate in the country declined marginally from 39.2 per cent to 38.6 per cent between 2009-10 and 2011-12, the Rajya Sabha was informed on Wednesday.
A large number of American companies like Google, Uber and IBM are offering their resources to help India successfully fight the battle against the deadly coronavirus pandemic.
the GDP estimates incorporate new source data and modified compilation techniques
India's COVID-19 curve has been steadily rising throughout the lockdown period with a massive spike in cases in the fourth phase of the lockdown that ended on May 31 and afterwards.
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