-The Times of India A recent report by a data consultancy owned by the Financial Times of London created a stir by estimating that India is now the most favorite destination for foreign direct investment, beating China and the USA. The fine print indicates that they are talking about "estimated capital expenditures" in greenfield, that is, new ventures. By this estimate, India attracted $31 billion compared to China's $28 billion in...
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Congress says PM got it wrong on GDP -Puja Mehra & Mehboob Jeelani
-The Hindu ‘Figure is $2.50 trillion and not $8 trillion as claimed by Modi’ India’s Gross Domestic Product (GDP) became a subject of political debate on Monday. Following Prime Minister Narendra Modi’s remarks in the U.S., that India’s GDP is $8 trillion, the Congress said on Monday that when the UPA government had left the office, India’s GDP was $2.27 trillion, and India’s GDP today was close to $2.50 trillion. “His officials should...
More »Bharat Bandh: All you need to know about the trade unions strike -Sai Nidhi
-DNA The nationwide one day strike according to the trade unions is supposed to be the biggest strike ever in the country. This protest is a strike against the anti-worker economic policies of the government. 10 central trade unions have declared a nation-wide strike on September 2 which is said to impact essential services. This strike is to protest against the changes that have been made in the labour laws by...
More »10 states seek to have their own land laws -Archis Mohan & Sanjeeb Mukherjee
-Business Standard This could help bypass central legislation and break the land Bill deadlock Ten big states, most of those ruled by the Bharatiya Janata Party (BJP) and its alliance partners, on Wednesday sought to unshackle themselves from the logjam over amendments to the contentious land acquisition Bill, 2013, by proposing to bring their own laws for boosting infrastructure development. At a NITI Aayog meeting to discuss the land Bill (the Right to...
More »NGOs’ foreign funds and a trust deficit -Trilochan Sastry
-The Hindu There is no organised conspiracy against NGOs. It is in the nature of power to exercise greater control, and exempt itself from accountability. The recent changes in the rules governing foreign funding of NGOs under the Foreign Contribution Regulation Act (FCRA) have been widely discussed. The last word on it will perhaps never be written. The UPA government initiated this and we see some concrete changes now. Sifting through the...
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