-IndiaSpend.com/ Land Conflict Watch Barwani, Dhar (Madhya Pradesh): Two middle-aged men struggled to carry an old steel cupboard, which looked like it had never been moved, from a house in south-western Madhya Pradesh in central India. Clothes and kitchenware packed in old sarees were placed outside. The house next door in Nisarpur village was half submerged under the rising waters of the Narmada. The ground floors of most shops in a parallel...
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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
More »IMF's 'Phantom FDI' destinations and the India connection -Sai Manish
-Business Standard IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion New Delhi: In a recently released paper, the International Monetary Fund (IMF) has drawn the world’s attention to the rising menace of ‘Phantom foreign direct investment (FDI)’, defined as investment flows that pass through empty corporate shells that have no real business activity, with the intention to avoid paying taxes in their host...
More »First time in 30 years, why NAFED faces challenge -Harish Damodaran
-The Indian Express NAFED has been tasked with purchasing all the apples that growers bring to sell at mandis in the Valley. A bumper crop, for which there would hardly be any private buyers with all the current movement restrictions, makes it all the more challenging. The National Agricultural Cooperative Marketing Federation of India (NAFED) has not bought a single kilogram of apples for the last three decades or more. “We did...
More »A wider deficit is unavoidable to strengthen demand -Ajit Ranade
-Livemint.com Thankfully, India is enjoying a demographic dividend that gives it greater leeway for deficit-financing The dominant consensus on the slowdown in India is that we have a demand problem. Lack of aggregate demand is a phrase that goes back to John Maynard Keynes. He is a ghost who reappears from time to time, however much one tries to bury him. Regardless of whether you are a Keynes devotee or not, his...
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