Some background. A lot of NGOs in India are funded by foreign agencies, and these NGOs fail to file taxes or show their foreign received funds. Modi Govt. is cracking down on these. Copying from a post earlier today:
* Of 40,000 NGOs registered under Foreign Contributions Regulation Act (FCRA), at least half do not file proper accounts with the Ministry of Home Affairs (MHA).
* A total of Rs 1,16,073 crore was received by the NGOs between 1993-94 to 2011-12. Only about 55% NGOs gave audited account.
* Among the list of donors, the United States tops the list (Rs 3838.23 crore) followed by the United Kingdom (Rs 1219.02 crore) and Germany (Rs 1096.01 crore).
* A majority of donors, including the top three, are church-based organisations such as Compassion International USA (Rs 183.83 crore) followed by Church of Jesus Christ of Latter Day Saints, USA (Rs 130.77 crore) and the Kindernothilfe e.V. (KNH) Germany (Rs 51.76 crore).
* Of the top 15 donor agencies, 13 are related to some or the other Christian sect. Over 90 percent of the top 30 recipient organizations are engaged in missionary activity.
source - https://www.firstpost.com/india/scrap-fcra-ngos-church-work-foreign-funds-experts-2074339.html
---
So, I started searching for the report mentioned in this article, and one thing to led to another very quickly. And I saw this article titled
>Foreign-funded NGOs stalling development: IB report
>
>Read more at:
http://timesofindia.indiatimes.com/articleshow/36411169.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Long Story Short, copying from a simplified summary of the report.
>The 21 page report names seven agitations as pursuing ‘anti-developmental activities’:
>
>1. Nuclear infrastructure
>2. Coal fired power plants
>3. Genetically modified organisms
>4. Posco in Orissa
>5. Vedanta in Orissa
>6. Narmada Bachao Andolan
>7. Agitations against
I'm using a simple a three variable VAR with inflation, real gdp growth rate and interest rates, however i'm not sure about how to detrend real gdp. Any help would be greatly appreciated.
Most times I see GDP growth rate referenced in political or geopolitical discussions, people are using it as a proxy for how rapidly a country's quality of life is improving. Wouldn't real GDP per capita be a much better metric? Real so we account for inflation, and per capita so we're sure the growth isn't just a matter of population? Perhaps it should also be refined to per working-age adult so the number isn't upset by baby booms.
This change would make much more explicit how well a country is improving relative to its peers. A country's 4% gdp growth looks much less impressive if it's also got 4% more people.
Curious to see what you guys think. I sure hope it does but I don’t know how optimistic to be...
