-The Indian Express High inflation reduces room for rate cuts. With LIMited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
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Why sugarcane farmers don't want Brazilian President as chief guest on Republic Day -Joe C Mathew
-Business Today Brazil, a major sugarcane producer, has been against India's existing scheme to support sugarcane farmers claiming that it was beyond the permissible LIMits under the WTO regulations Prime minister Narendra Modi-led government's decision to invite Brazilian President Jair Messias Bolsonaro as the chief guest of India's Republic Day celebrations on January 26 has been criticised by All India Sugarcane Farmers' Federation (AISFF), an affiliate of CPIM's farmer body All India...
More »Not ready for school -Rukmini Banerji
-The Indian Express A reworking of curriculum and activities is urgently needed for the age band from four to eight. ASER 2019 report underlines this While the importance of good early childhood education has been known for a long time, the draft New Education Policy (released in June 2019) links the “severe learning crisis” to what goes on with young children in India. The voluminous policy document points out that close...
More »Bid to extend 15% tax relief duration -R. Suryamurthy
-The Telegraph Lower corporate tax of 15% valid till March 2023 The government is exploring the possibility of extending the duration of the corporate tax relief to new units beyond March 2023. Sources said the commerce ministry had taken up the issue to extend the benefits to seven years with the finance ministry. The ministry has argued the duration should be higher as the time taken from conceptualising a project to actual production could...
More »Govt set for 20% cut in wasteful expenses -Harikishan Sharma
-The Indian Express “All ministries have been directed to reduce wasteful expenditure on travel, food and conferences by 20 percent. The CCIG has asked the Department of Expenditure, Ministry of Finance, to take necessary action in this regard,” a source told The Sunday Express. In an austerity move, the Union government has decided to reduce wasteful expenditure on items such as travel and food by 20 percent, it is learnt. A decision of...
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