-The Times of India NEW DELHI: As the Monsoon prepares to recede, India faces a mammoth recovery task from the worst floods in a decade. Over 3.4 crore people across 280 districts have been affected by floods that left more than 1,000 dead. Very preliminary estimates indicate that over 3 lakh hectares of crops, mainly paddy, have been destroyed. Over 8 lakh homes, mostly kachcha units have been damaged or destroyed. An...
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Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »All three extreme events and the cause common
-The Telegraph New Delhi: The bouts of rainfall that battered Houston, Mumbai and Calcutta last week, albeit in vastly different amounts, may earn tags of extreme rain events that weather scientists say are becoming more common under the influence of global warming. The tropical storm Harvey set a record for continental US with 132cm rainfall about 45km southeast of Houston on August 29. Mumbai's Santa Cruz weather station documented 31cm rain over...
More »Bihar laggard in toilet mission
-The Telegraph New Delhi: Bihar is among the states with the poorest progress towards open-defecation-free (ODF) targets with some districts requiring 500 toilets every day to meet 2019 goals, according to a report from the non-government Centre for Science and Environment (CSE) released today. The report said Bihar, Odisha, Uttar Pradesh, and Jharkhand, accounting for 60 per cent of open defecation, would need to accelerate efforts for India to reach its ODF...
More »The spectre of deflation -Himanshu
-Livemint.com It is not just the low inflation reported in June which confirms a declining demand but also the macro fundamentals of the economy which belie any optimism of 7%-plus growth The second volume of the Economic Survey was presented on the last day of the Monsoon session of Parliament on 11 August, preventing Parliament from holding a discussion on the state of the economy as outlined by the report. The second instalment,...
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