-The Hindu 5% estimate in line with RBI forecast. The government expects the country’s gross domestic product (GDP) to grow at a slower pace of 5% for the full year 2019-20, as compared to 6.8% in the previous year, according to the first advance estimates released by the Statistics Ministry on Tuesday. This estimate is in line with projections made by the Reserve Bank of India, which had revised GDP growth downwards to...
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Are we ready to use drones to map India? -Shyam Krishnakumar & Titiksha Vashist
-The New Indian Express The Survey of India plans to use drones to create a high-resolution map of every inch of India. It comes with unprecedented privacy and security challenges The Survey of India (SoI) has embarked upon an ambitious project of using drone imaging to create an ultra-high resolution spatial and topographic map of India. Professor Ashutosh Sharma, Secretary, Department of Science and Technology, calls it the biggest endeavour in Indian...
More »Centre pushes for transfer of Sebi's surplus into its accounts -Rajeev Jayaswal
-Hindustan Times Sebi and some of the other regulators initially opposed the plan, citing concerns about loss of autonomy, but the government wants to go ahead with its plan, and finalise the transfer before the next budget is presented on February 1, 2020. New Delhi: The government is pushing ahead with its plan, underlined in Union Budget 2019, to transfer 75% of market watchdog Securities and Exchange Board of India’s (Sebi) surplus...
More »Double trouble: On uneven inflation and sluggish growth
-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
More »Falling employment, low wages and food inflation -- the rural economy is in pain -Siraj Hussain
-Moneycontrol.com With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms Inflation based on Consumer Price Index (CPI) for November is further proof that agriculture produces only marginal surpluses. Only last year, observers were worried that the planners were not engaged enough to see that India is now surplus with most agricultural commodities. Please click here to read more. ...
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