-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
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IAS officer refuses to divert funds, shunted out
-The Telegraph Yediyurappa sought department cash for flood relief Bangalore: The Karnataka government has shunted out an IAS officer who reportedly refused to divert funds from her department for flood relief. Rohini Sindhuri, secretary of the Karnataka Building and Other Construction Workers’ Welfare Board, was shifted without a Posting after she apparently ignored orders to contribute a slice of the department’s funds for flood relief. Chief minister and BJP leader B.S. Yediyurappa had...
More »Tabrez Ansari lynching case accused face murder charge
-The Hindu “I am happy that the accused will now be facing murder charges. We will not let anyone off the hook,” Ansari’s wife Sahista Pervez said. Ranchi: Making a U-turn in the Tabrez Ansari lynching case after allegations of attempts to weaken the case, the Jharkhand police submitted a supplementary charge sheet on Wednesday, seeking punishment under Section 302 of the IPC (murder) against 11 of the accused. Another two accused, who...
More »Spend to grow -C Rangarajan and DK Srivastava
-The Indian Express Government should explore all avenues to expand capital expenditures From a level of 8.1 per cent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 per cent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer in dispute. Thankfully, the government has come out of denial mode. The critical question is: What should...
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
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