-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
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At 5.7%, Q1 GDP growth slumps to 3-year low -KR Srivats
-The Hindu Business Line Uncertainty over GST and related de-stocking hit industrial sector in Q1, says Anant New Delhi: Three key macro-data points released on Thursday presented a worrying picture of the economy, adding credence to the Reserve Bank of India Monetary Policy Committee’s recent fears of slower growth. The keenly-awaited first-quarter GDP growth number came in at 5.7 per cent, a three-year low and far lower than the 7.9 per cent GDP...
More »NITI Aayog's three-year action plan on agriculture raises hope as well as concerns
-Down to Earth In a major digression from the current discourse on GM crops, the report claimed that the farmers in India have “enthusiastically embraced” GM seeds For the first time since the five-year plans were scrapped, the NITI Aayog presented the three-year action plan last week. The report, which draws on recommendations made by the Task Force on Agricultural Development and a group of secretaries appointed by PM Modi at...
More »Don't criminalise marital rape, may disturb institution of marriage: Government -Shalini Nair
-The Indian Express Section 375 of the IPC dealing with rape makes an exception for such instances within marriages and holds that “sexual intercourse by a man with his own wife, the wife not being under 15 years of age, is not rape” STATING THAT what “may appear to be marital rape” to a wife “may not appear so to others”, the central government took a stand against criminalising marital rape, in...
More »No sweets in West Bengal as 2 lakh shops remain shut protesting 5% GST
-IANS All the sweet shops across the state went on a 24-hour strike Kolkata: In what could be a bitter experience for the sweet-loving residents of West Bengal, over two lakh sweet shops, celebrated for their rosogollas and mishti doi, across the state went on a 24-hour strike on Monday to protest imposition of five per cent Goods and Services Tax (GST). Monday's protest is expected to cause an estimated loss of Rs...
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