-The Hindu Given the recent policy changes, the CEA has done right to flag mid-year concerns Five months after the Economic Survey 2016-17 was released, Chief Economic Adviser Arvind Subramanian has presented the second volume of the annual economic review-cum-prognosticatory report. With the intervening period having provided a wealth of data points and policy developments, including the momentous roll-out of the Goods and Services Tax, there was a clear need to update...
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Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
More »A gathering crisis: the need for groundwater regulation -Philippe Cullet
-The Hindu A new regulatory regime for groundwater, that provides for equitable use, is urgently needed The water crisis India faces is of such a magnitude that urgent measures are necessary to address it. Yet, while the crisis is often discussed, law and policy measures to address it remain insufficient. This is partly due to the fact that the primary source of domestic water and irrigation is groundwater but the media and...
More »Crop diversification: When farmers' incentives clash with policymakers goals -Anju Agnihotri Chaba
-The Indian Express The Punjab government has sought to bring 5 lh area in the state under maize, as part of the original plan of reducing paddy area by 12 lh between 2012-13 and 2017-18. Jalandhar: For policymakers wanting to wean away Punjab farmers from water-guzzling paddy, 1.35 lakh hectares (lh) area sown under maize this kharif season may not seem bad, even if it is way below the 29.11 lh...
More »Industry worried about ramifications from Supreme Court's Odisha mining order -Meera Mohanty
-The Economic Times BHUBANESWAR: The Supreme Court’s landmark order imposing an estimated Rs 25,000 crore penalty on iron ore and manganese miners in Odisha continues to rattle the sector, with serious implications for mining operations across the country and clearances obtained in the past. The 144-page order has given ammunition to green activists to seek court orders against mines in Goa and other states, and strengthened their case in ongoing matters in...
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