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Somesh Jha Profile picture
@someshjha7
May 17, 2020 • 3 tweets • 1 min read • Read on X
Govt to make the final set of announcement on #EconomicPackage shortly.

Promise: Rs 20 lakh crore or 10% of GDP

Story so far

'Size' of the package announced so far acc. to govt version: Rs 18.4 lakh crore

BUT

Fiscal cost to the govt: Rs 1.6 lakh crore
i.e.
% of GDP = 0.8
Source: HSBC India Image

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More from @someshjha7

Somesh Jha Profile picture
Jul 11, 2023
THREAD: In 2019, the Indian government decided to hide an important pan-India official survey on consumer spending. The data has been used to calculate the poverty and inequality levels in India.
I broke the story in November 2019 after a whistleblower handed me a copy of the consumer spending report's findings.

The data showed a grim picture on consumer spending, which fell for the first time in over 40 years, sparking fears that poverty might have inched up.
Here is a link to the story, which showed slackening rural demand in India in 2017-18, the year when the survey was conducted:

business-standard.com/article/econom…
Read 10 tweets
Somesh Jha Profile picture
Apr 4, 2022
🚨New Investigation🚨

A year after the Modi govt came to power in 2014, India's finance ministry accused the Reserve Bank of India of setting interest rates to benefit developed countries & sought a probe. I write for @reporters_co & @AJEnglish

aljazeera.com/economy/2022/4…
Then finance secretary Rajiv Mehrishi made the claim on government records months after signing a monetary policy agreement with RBI governor Raghuram Rajan in 2015. The RBI was to prioritise controlling rising prices. But Mehrishi wanted sharp rate cuts to lower borrowing costs.
Mehrishi claimed that the “only beneficiaries” of India's high interest rates were developed countries and said that the RBI has "subsidised the rich and influential in the USA, Europe and Japan.”

Read @reporters_co's new revelation here for @AJEnglish: aljazeera.com/economy/2022/4…
Read 9 tweets
Somesh Jha Profile picture
Aug 17, 2021
.@reporters_co has worked for 3 months gathering, translating & analysing physical death registers from 68 out of all the 170 municipalities in Gujarat.

@tapasya_umm, @shreegireesh and @nit_set find that the state govt undercounted deaths by 27 times!

thewire.in/health/gujarat…
The Gujarat government couldn't mask its failure to manage the second COVID wave, thanks to the exposé by the vernacular press. They mostly relied on issued death certificates as a tool to assess the toll.

Here, @reporters_co reached for the primary source - death registers.
Death registers are the first place that the passing away of people is officially recorded.

Along with public health experts, this data was tabulated and analysed scientifically by the members of @reporters_co. What we found was beyond shocking.
Read 11 tweets
Somesh Jha Profile picture
Aug 15, 2021
Personal update: I have joined as a member of The Reporters' Collective and I am totally thrilled about this new journey!
The Reporters' Collective (reporters-collective.in) is a deep-dive journalism collaborative that publishes reportage on matters of public interest across languages and mediums.
The most exciting part about being a part of the collective is the collaborations that I am looking forward to, with various publications across all mediums and languages, experts, lawyers, academia and citizens in producing quality journalism.
Read 6 tweets
Somesh Jha Profile picture
Jun 6, 2021
It has been over a month since I took a major step back and left my job, thanks to something called #burnout. I had hit a wall.... A thread:
Burnout is beyond exhaustion. Not only do you feel that you have no energy left to work, even if it's the kind of work that you enjoy, you also feel detached. Cynicism takes over, efficiency takes a hit and nothing seems to pull you up.
In past 8 years, journalism has not only been a career, it has been my calling. I TOTALLY LOVE digging stories & holding the system accountable. I worked at (an often unhealthy) neck-breaking pace but that's something I enjoyed doing until...burnout hit me, & it hit pretty hard.
Read 12 tweets
Somesh Jha Profile picture
Apr 4, 2021
Happy Easter!

We, at @BloombergQuint, scooped hundreds of pages of correspondences which culminated into the Modi govt's most ambitious privatisation policy.

We broke it down into 4 parts and ran a series of stories starting March 24. Here's a recap of #ThePrivatisationFiles:
In part I, you will get to read about the pushback the new policy received from key ministries, often backed by the Cabinet Ministers.

How easy will it then be for the Modi govt. to drive the privatisation policy?

#PrivatisationFiles

bit.ly/2PpWDFP
Perhaps the pushback was a concern for the finance ministry.

So, with the approval of the Finance Minister, it took a shortcut before unveiling the policy in the Budget (after making significant changes to the draft policy).

Part II is all about that:

bit.ly/39gdnXm
Read 7 tweets

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