-The Times of India NEW DELHI: The country's faltering economy is likely to get a significant stimulus from election spending by political parties, candidates and the government which estimates suggest could be as much as Rs 30,000 crore. The figure is comparable to the $4 billion (around Rs 20,000 crore at the prevailing exchange rate) additional spending that the government announced in 2008 to shield the economy from the impact of the...
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Monthly WPI inflation stood at 4.68% in February
-Press Information Bureau (Ministry of Commerce and Industry) The official Wholesale Price Index for ‘All Commodities' (Base: 2004-05 = 100) for the month of February, 2014 has remained unchanged at its previous month level of 178.9 (provisional). INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.68% (provisional) for the month of February, 2014 (over February,2013) as compared to 5.05% (provisional) for the previous month and 7.28% during the corresponding...
More »Who foots the huge dole for business? -Latha Jishnu
-Down to Earth Bad loans of public sector banks to business are more than double the food subsidy There are some things you simply do not do in the liberalised economy. You do not put bank loans under the lens-unless these are ballooning out of control. That is, until such loans are likely to jeopardise the entire banking system and send the economy into a tailspin. And there's another thing: you don't...
More »Indian scientists warn of more intense freak weather in coming days -Bappa Majumdar
-The Times of India HYDERABAD: India's states will see more intense unpredictable freak weather in the coming days, warned climate change scientists, days after huge chunks of hail killed at least 10 people and wounded scores in Andhra Pradesh and hail storms this week destroyed cropland across Karnataka and Maharashtra. "The key word is these extreme events will increase under climate change and we near to gear up quickly to counter it...
More »Agro forestry to get equal status with agriculture-Anindita Dey
-The Business Standard To get priority under CSR, new policy envisages major role for private sector The government has decided to accord agro forestry equal status with agriculture by setting up a national-level board to promote national agro forestry policy. Besides agro forestry is proposed to be treated as priority area under Corporate Social Responsibility programmes (CSR) and thus the policy envisages a major role for the private sector. To this effect a...
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