-PTI India is projected to achieve a 7.3 per cent growth in 2017, down from the 7.7 per cent predicted in January United Nations: The United Nations has revised downward India's economic growth forecast for 2017 but predicted an increased 7.9 per cent GDP growth next year as it cautioned that stressed balance sheets in the banking sectors will prevent strong investment rebound in the near term. The UN World Economic Situation...
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IT union calls strike in Chennai against unjustified dismissal of employees -Gireesh Babu
-Business Standard Alleges while govt's providing incentives to corporate houses, cos are cutting jobs for more profit Chennai: The New Democratic Labour Front (NDLF) IT Employees Wing, a trade union, is planning to conduct a protest march next week against what it calls an unjustified dismissal of employees by IT firms. It is looking to represent around 20 employees who have been dismissed from various IT firms with the Tamil Nadu labour...
More »A new economics for a better world -Simon Sweeney
-The Hindu Business line It must focus on human security and societal development rather than feed the avarice of a golden ghetto minority The discipline of economics has long been obsessed with gross domestic product as the base measure of development. Contemporary economic globalisation and its dominant neoliberal ideology see other considerations as not worth more than a passing glance. Neoliberalism, which used to be referred to as the Washington Consensus, was promoted by...
More »Cong smells farm tax
-The Telegraph New Delhi: The Congress today alleged that the Narendra Modi government was testing the waters on bringing agricultural income within the tax ambit and declared its intention to build a movement of farmers if the idea was implemented. "This government is harassing industrialists, traders, students, political rivals... only one section of the society was left, that is farmers," Congress leader Ghulam Nabi Azad said. "The statements coming from important people in...
More »Removal of corporate contribution cap has hit transparency: CEC -Sofi Ahsan
-The Indian Express He added that the amendment means that companies are not required now to show the names of political parties they have contributed to. Chandigarh: Chief Election Commissioner Nasim Zaidi on Saturday said that amendments to the Companies Act of 2013, removing cap on corporate contribution to political parties, are “basically hitting” transparency in funding. “Two things are likely to happen in future. There would be less and less...
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