-NDTV.com The Competition Commission of India, or CCI, said Google's operating system Android was configured to unlawfully crowd out rivals New Delhi: Google has been fined ₹ 1,338 crore by India's anti-trust watchdog for allegedly abusing its commanding position in the smartphone market. Google said the move was "a major setback for Indian consumers and businesses." It will evaluate next steps. Here's your 5-point cheatsheet to this big story: * The Competition Commission of...
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A reality check -Renu Kohli
-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....
More »Recovery analysis that points out what India got wrong -Suvojit Chattopadhyay
-The Hindu Being fiscally conservative resulted in a rise in extreme poverty, with there being no signs of any course correction A recent World Bank report, titled “Correcting Course”, captures the impact of the COVID-19 pandemic on global poverty. The number of people living in extreme poverty rose by seven crore million in 2020, as the global poverty rate rose from 8.4% in 2019 to 9.3% in 2020. This is the first...
More »Rice and wheat stocks dip by 37 per cent -R Suryamurthy
-The Telegraph Monthly economic review of finance ministry says that there is no 'room for complacency on inflation front' The rice and wheat stocks of the central government have shrunk alarmingly by as much as 37 per cent in a year as rising food inflation signals growing shortages in the economy. Wheat and rice stocks in government-owned godowns stood at 511.36 lakh tonnes on October 1, data from the Food Corporation of India...
More »Mid-day meal price hike less than Re 1 as food inflation hits record level -Taran Deol
-Down to Earth The annual rise of material price came after a pause of 2 years because of the pandemic The Centre has increased allocations for materials cost for mid-day meals at schools by 9.6 per cent, after two unprecedented years of the COVID-19 pandemic. The measure, however, is insufficient to protect against rising inflation, stakeholders and experts complained. In absolute figures, the hike translates to a measly 48 paise for a primary...
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