-Firstpost.com A new directive from the road transportation ministry forbids taxi drivers from picking up drunk passengers, according to a report in The New Indian Express. According to the Motor Vehicles driving regulation 2017: “The driver shall strictly comply with the laws for the time being in force relating to the prohibition on the consumption of alcohol and drugs and smoking, and also ensure compliance there by the other crew, riders and...
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Economy yet to recover from the body blow of demonetisation, admits Economic Survey -Mayank Jain
-Scroll.in The Economic Survey stated that long term benefits of the exercise are yet to materialise. It is now over nine months since the government suddenly withdraw 86% of India’s currency in November but India’s Chief Economic Advisor Arvind Subramanian remains unsure if this note ban or demonetisation actually helped any SECtor of the Indian economy, the latest volume of Economic Survey tabled in Parliament on Friday suggests. The Chief Economic Advisor...
More »46 killed as massive landslip buries vehicles in Himachal Pradesh -Kanwar Yogendra
-The Hindu Most of the victims were travelling on two Himachal Pradesh roadways buses Shimla: At least 46 people have been killed and many more injured in a massive landslip at Kotrupi on the Mandi-Pathankot National Highway near Jogindernagar in Himachal Pradesh on Sunday morning. Two Himachal Pradesh roadways buses and some light vehicles were buried, when the disaster struck around 1 a.m. The vehicles were halting for a break at a place...
More »Economy will decelerate if States resort to farm loan waivers
-The Hindu Business Line Total burden could swell to Rs. 2.7 lakh cr New Delhi: Farm loan waivers could be detrimental to the economy as they could reduce aggregate demand by 0.7 per cent of GDP, imparting a significant deflationary shock to the economy, the Survey said. There is visible farm stress, even though it is not as widespread as it is made out to be, the Survey said, adding that the drastic...
More »Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
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