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Subdued GST collections, lower tax devolution will impact state finances, pose macro risks -Jayanta Roy and Aditi Nayar

-The indian Express To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits. There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and...

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Green norms for project expansion could be relaxed -Jayashree Nandi

-Hindustan Times It has also exempted projects with a proposed capacity expansion up to 40% from the requirement of public consultations, with certain riders. In a move that could turn out to be a bonanza for the mining and infrastructure sectors, the environment ministry is considering a number of relaxations in the environment impact assessment (EIA) process that is carried out for development projects, including mining, before they are given the go-ahead. In...

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Researchers study behavioural aspect of farmer suicides -Rajeev Khanna

-Down to Earth One of the major causes behind suicidal intent is depression, experts find while studying cases in Punjab, Telangana and Maharashtra Farmer suicides, which have till now been studied economically and agriculturally, are now being looked at from behavioural and psychological angles. A study is being conducted under the National Agricultural Science Fund of indian Council of Agricultural Research (ICAR) in three states — Punjab, Telangana and Maharashtra. Punjab Agricultural University...

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'Developing Asia' is urbanising faster than rest of the world

-The indian Express 'Developing Asia' refers to a group of 45 countries that are members of the ADB The economic outlook update released by the Asian Development Bank last week highlighted that the number of urban inhabitants in ‘Developing Asia’ has increased “almost five-fold since 1970”. The report, tracking World Urbanisation Prospects data, also states that the two-thirds of the nearly 1.5 billion additional city dwellers in the region belonged from...

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Delhi's tap water fails to meet BIS test; not safe to drink -Priscilla Jebaraj

-The Hindu With a new investigation of Delhi tap water showing that it is not safe to drink, the Centre has announced plans to test the quality of piped drinking water in the states and release Swachh Pani rankings early next month. It is also trying to build a consensus to make quality standards for tap water a mandatory requirement. A team from the Bureau of indian Standards has been sent to...

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