-ThePrint.in The dip in forex reserves has been due to the intervention of the central bank to arrest the slide in the rupee. New Delhi: India’s foreign exchange reserves have fallen by about $2 billion per week for seven weeks now but top government officials said they were monitoring the trend and there is no cause for alarm. Economic affairs secretary Subhash Chandra Garg said funds would be raised through foreign currency non-repatriable...
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A broken tax chain -Arun Kumar
-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...
More »Money parked by Indians in Swiss banks rose over 50% to Rs. 7000 crore in 2017
-PTI The surge comes as a surprise given India’s continuing clampdown on suspected black money stashed abroad. Zurich/ New Delhi: Money parked by Indians in Swiss banks rose over 50% to Swiss Francs (CHF) 1.01 billion (?7,000 crore) in 2017, reversing a three-year downward trend amid India’s clampdown on suspected black money stashed there. In comparison, the total funds held by all foreign clients of Swiss banks rose about 3% to CHF1.46 trillion...
More »World's hungry population on the rise again, says UN report
-The Hindu Conflicts, climate change are main hurdles in meeting development goals The number of hungry people in the world has risen for the first time in more than a decade, according to a United Nations report released on Wednesday. There are now approximately 38 million more undernourished people in the world, rising from 777 million in 2015 to 815 million in 2016, the year for which the latest statistics are available. According to...
More »Beating plastic pollution -Prakash Nelliyat
-The Hindu The focus must be on waste management and recycling We celebrated ‘World Environment Day’ (June 5) with a critical theme: beat plastic pollution. Since India was the global host of this year’s event, and also one of the victims of plastic pollution, we should view this danger seriously. The theme urges governments, industries, communities and individuals to come together and explore sustainable alternatives. It also urges this target group to...
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