There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
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An economist proposes ways for India to revive its economy in the wake of the Covid-19 pandemic -Jayati Ghosh
-Scroll.in An excerpt from ‘The Making of a Catastrophe: The Disastrous Economic Fallout of the Covid-19 Pandemic in India,’ by Jayati Ghosh. There was much that was wrong with the Indian economy, society, and polity before the pandemic struck; and this book has suggested that much more has gone wrong since. It is easy to feel horror at the inequalities exposed and accentuated by governmental and societal responses to the pandemic, despair...
More »GST’s ‘give-and-take’ attitude has dried up. India needs a system overhaul -TM Thomas Isaac
-ThePrint.in In 'The Working of the Indian Constitution', T.M. Thomas Isaac examines the functioning of GST to assess if its high expectations have been realised. The Goods and Service Tax (GST) Council has been hailed as a model federal institution, where both states and the centre are represented, and consensus is arrived through a detailed deliberative process. Until the 38th GST Council meeting in December 2019, there had not been a single...
More »How we turned natural floods into monsoon mayhem by squeezing our rivers -Darpan Singh
-IndiaToday.in From Assam to Odisha and in many other states, floods were a natural phenomenon. But we turned them into monsoon mayhem by squeezing our rivers. Here is why we must rethink our response to this annual crisis. Every monsoon, lakhs of people in Indian states such as Bihar, Assam, Odisha, Uttar Pradesh and West Bengal are affected by floods when rivers swell and spread their waters amid pounding rain. Hundreds of men,...
More »Near-Catastrophe At Madhya Pradesh's Karam Dam Brings Tender Scam In Focus Again -Anurag Dwary
-NDTV.com Karam Dam one of many being probed, BJP has said; wider scam pegged at ₹ 3,000 crore; minister says won't spare guilty "even if from our party" Bhopal: Madhya Pradesh's Karam Dam, at the centre of a near-catastrophe after cracks earlier this week, has been in the headlines for leaks earlier too — of public money, that is. Its part-collapse after heavy rain brings back into focus the e-tendering scam that...
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