-The Indian Express The GDP Growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013. Owing to a deceleration in manufacturing output and subdued farm sector activity, India’s GDP Growth slipped to a 26-quarter low of 4.5 per cent in the second quarter (July-September) of the current fiscal, data released by National Statistical Office (NSO) Friday showed. The GDP...
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Widening gap: On UN's Emissions Gap Report
-The Hindu India must use green technologies to boost Growth and become a climate leader The UN’s Emissions Gap Report comes as a sharp warning to countries preparing to meet in Madrid in December, under the aegis of the UN Framework Convention on Climate Change, that every year of inaction is jeopardising the main goal of the Paris Agreement: to keep the rise in global temperature over pre-industrial times well below 2°C,...
More »States' GST compensation may need to be extended beyond 2022: Report -Abhishek Waghmare
-Business Standard Serious inconsistencies in data make revenue projection problematic States will need to be compensated for their revenue shortfall under goods and services tax (GST) even after 2022 — the sunset year for compensation under the law — because of slow revenue Growth, a report commissioned by the 15th Finance Commission (FC) has noted. It shows that states would require compensation of at least Rs 1.67 trillion in 2024-25, because none of...
More »The setting sun on India's solar dreams -Tanya Thomas
-Livemint.com * Caught in an economic slowdown, India’s clean energy transition is likely to go for a toss. What will be the cost? * The ongoing slowdown in economic Growth and electricity demand has worsened the deep stress in India’s renewable energy industry, sending it into a tailspin MUMBAI: In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts...
More »GDP slump will hit $5-trillion economy target, warns NITI Aayog -TCA Sharad Raghavan & Sobhana K Nair
-The Hindu The Hindu has accessed a presentation made by NITI Aayog CEO Amitabh Kant to the Standing Committee on Finance; 12.4% Growth needed to achieve the figure, Mr. Kant said. The road to a $5 trillion economy by 2025 is beset with many speed breakers, the NITI Aayog has warned the government. To begin with, the think tank has said the nominal GDP Growth — a measure of Growth without accounting for...
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