-The Hindu The stimulus incentives hold promise, but structural reforms are nowhere on the horizon People who have been yearning for major economic reforms from the Narendra Modi government, it seems, will have to wait to have their dreams come true. Finance Minister Nirmala Sitharaman on Saturday presented the third round of stimulus measures to resuscitate the struggling economy, but once again these have largely failed to live up to the initial...
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IMF's 'Phantom FDI' destinations and the India connection -Sai Manish
-Business Standard IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion New Delhi: In a recently released paper, the International Monetary Fund (IMF) has drawn the world’s attention to the rising menace of ‘Phantom foreign direct investment (FDI)’, defined as investment flows that pass through empty corporate shells that have no real business activity, with the intention to avoid paying taxes in their host...
More »India briefs UN Security Council on scrapping of special status to J&K -Elizabeth Roche
-Livemint.com * The briefing to diplomats comes in the backdrop of Pakistan condemning Amit Shah’s move to scrap Article 370 * PM Narendra Modi is scheduled to travel to the US for the UN General Assembly session and address the session on 28 September New Delhi: India on Monday briefed all current members of the UN Security Council –five permanent members and 10 non-permanent members – hours after revoking the special status granted...
More »NRC: A major storm is brewing -Sanjoy Hazarika
-The Telegraph Even pro-BJP groups recognize that the registration exercise could end up condemning Indians to an appalling fate The National Register of Citizens process in Assam ploughs relentlessly on. At the end of this month a full list is to be published, ostensibly of all Indians identified in the state. That is when the scale of misery and jubilation may be gauged. Yet that’s not the end of this long, complex...
More »Only 12% of schools RTE compliant: Whither 6% budgetary allocation for education? -Ambarish Rai
-TheWire.in Despite Indian state’s commitment of 6% GDP on education, the Finance Minister completely ignored right to education for children and strengthening implementation of RTE Act which makes education a fundamental right in her budget speech. The Right to Education (RTE) Forum, which is a collective of different stakeholders in education, condemns this neglect of a legal entitlement, which is unconstitutional and demand for overall increase in the budget to ensure...
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