-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 »PM Modi to launch Digital India Project in two panchayats
-PTI Indore: Prime Minister Narendra Modi will officially kick off Digital India Week at 4 PM on Wednesday over video conferencing in two village panchayats in Indore. Industry leaders like Cyrus Mistry, Mukesh Ambani, Azim Premji, Pawan Munjal, Sunil Mittal, Kumar Manglam Birla and Anil Ambani are expected to be present at the launch. The Digital India Project aims to connect all gram panchayats in India through broadband, promote e-governance and transform...
More »Realty sector: Getting the foundation right
-The Indian Express As several steps taken by the Centre for the sector hangs fire, clarity and implementation of ‘Housing for All’ scheme would be the key for its success. The Union Cabinet approved its flagship ‘Housing for All’ scheme this week, with a 2022 target and a renewed emphasis on the low-income group categories by way of relaxed income limits and higher interest subvention. While the government seems to have struck...
More »Public funds to push neoliberal agenda -CP Chandrasekhar
-Frontline.in The Modi government has apparently realised that the private sector is not up to the task of driving growth. It hopes to fund its neoliberal dream of India becoming the fastest-growing emerging market through a combination of off-Budget borrowing and drastic expenditure reduction in key social sectors. IT will soon be a year since the National Democratic Alliance (NDA) government under Prime Minister Narendra Modi took office at the Centre....
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