Modi mocks ‘pessimists’, but RBI says a whole lot of Indians are pretty pessimistic about the economy

Last week, Prime Minister Modi gave an hour long speech denouncing ‘pessimists’ who refused to see the bright side of demonetisation and other transformations that his government’s able management had visited upon the economy.

We at Kafila, did a quick fact-check offering many reasons for pessimism, but as they say in Delhi – humari kya aukaat hai?

Now, a set of surveys by the Reserve Bank of India have concluded that 65% of the 5100 metropolitan households polled feel the economic situation has either worsened or stayed the same. It’s a small sample, but the results are revealing.  To quote :

Households’ current perceptions on the general economic situation remained in the pessimistic zone for four successive quarters, with the outlook worsening — RBI

For those you wondering – “four successive quarters” is a full year.

I would urge most readers to read the report in full, but here are some key takeaways:

Continue reading “Modi mocks ‘pessimists’, but RBI says a whole lot of Indians are pretty pessimistic about the economy”

Modi says the economy isn’t so bad; He’s right – it’s worse

by Samarth Bansal and Aman Sethi

On October 4, Prime Minister Narendra Modi offered a robust defence of his government’s management of the economy, shortly after the Reserve Bank of India lowered its Gross Value Added (GVA) growth estimates for the current fiscal year from 7.3% to 6.7%.

Since then, the ruling party has been pains to push a positive narrative on the economy,  extent of emailing clips of the speech to journalists who write about the economy.

So, what is the current state of the economy? Here’s a reality check.

How many jobs has the economy created?

Modi said: “Upto March 2014, the subscriber base of the Employees Provident Fund Organization (EPFO) stood at 3.26 crore. Over the last three years, the numbers increased to 4.8 crore. Some people forget that this number can’t increased without a corresponding increase in employment.”

Reality Check: EPFO numbers have increased, but this doesn’t necessarily mean that total employment has increased. In July this year, this jump in EPFO subscribers was attributed to a government amnesty scheme which allowed firms to come clean on their actual staff strength without being penalized. In a detailed note, Mahesh Vyas, Managing Director and CEO of the Centre for Monitoring Indian Economy (CMIE), explained why using EPFO data as a proxy for job creation is “fraught with danger.”

Referring to the jump in the subscriber base, Vyas wrote: “This is not new employment. It is merely enrollment of employed persons into EPFO.”

Continue reading “Modi says the economy isn’t so bad; He’s right – it’s worse”

Feminists say ‘NO’ to recent rape judgments: There is nothing feeble about it

The following is a statement by feminist organisations . To add your name to the statement, please sign in the comments section.

In the wake of the protests following the 2012 Delhi gangrape, India had witnessed a welcome sharpening of understanding around sexual violence and consent. Legal reform recognized the principle of affirmative consent – i.e the principle that consent must be nothing short of an unequivocal positive ‘Yes’ (whether through words or gestures) to engage in a sexual act.

In public discourse and popular understanding too, the understanding that ‘No means No’ had been strengthened. Recent Court verdicts and orders have however dealt a deep blow to this hard-won progressive advance.In the wake of the protests following the 2012 Delhi gangrape, India had witnessed a welcome sharpening of understanding around sexual violence and consent. Legal reform recognized the principle of affirmative consent – i.e the principle that consent must be nothing short of an unequivocal positive ‘Yes’ (whether through words or gestures) to engage in a sexual act. In public discourse and popular understanding too, the understanding that ‘No means No’ had been strengthened. Recent Court verdicts and orders have however dealt a deep blow to this hard-won progressive advance.

Continue reading “Feminists say ‘NO’ to recent rape judgments: There is nothing feeble about it”

Everybody Loves A Good Riot

This here is a 360 video of Friday namaaz at the Rangrezi masjid in Lisad, a village where 13 Muslims were killed in the Muzaffarnagar Riots of 2013.

Play the video, and tilt your phone left, right, up or down to explore the mosque. If you are watching this on your computer, click on the screen and drag your mouse to look around this space.

I shot this video last week in Muzaffarnagar as part of “Everybody Loves A Good Riot” – an immersive multimedia project detailing western Uttar Pradesh’s “riot economy”. The story features 2 more 360 videos like the one above, as well as a text story to mark the 3rd anniversary of the Muzaffarnagar riots. Experience the full story here

[Audio] Funky Protest Music: Delhi Sultanate on Music, Politics, and Cultural Appropriation

Earlier this month I caught up with Delhi Sultanate, a member of the SkaVengers – a Delhi based reggae ensemble – around the launch of their new album XX or Double Cross to talk about their music, the unlikely journey of Udham Singh, a Indian revolutionary best known for assassinating General Dyer, and “Why Reggae?”.

Apart from the interview below, we’ve also got links to some of their music – listen, learn and enzoy.

 Here’s the video for Frank Brazil