-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...
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Charting the economic journey ahead -C Rangarajan
-The Hindu India has no choice but to grow fast, given the present level of per capita income The big question before India is where its economy will be 25 years from now. By 2047, India will complete 100 years after Independence. By that time, will India achieve the status of a developed economy, which means achieving a minimum per capita income equivalent to $13,000? We also need to know what the...
More »Weighing in on PMGKAY, the free grains scheme -T Ramakrishnan
-The Hindu The Government may have its reasons in extending, once again, the Pradhan Mantri Garib Kalyan Anna Yojana scheme, but it cannot delay the commissioning of a study that should help stop the diversion of foodgrains and identify the food needy The extension of the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), a scheme to distribute free foodgrains to the poor, for another three months, comes as a surprise for many...
More »Punjab, Haryana can hedge India against climate-induced food shortages. See data - Siraj Hussain and Shweta Saini
-ThePrint.in The two states earned a lot of flak during the farmers’ agitation for demanding continuation of the existing system of APMCs and MSP operations. The global events of the last one year, especially during the Russia-Ukraine war, have again shown the importance of food security to the world. It is critical for India too as it has to provide food to a large population of about 1.39 billion people. Punjab and...
More »Stay watchful: On October inflation data
-The Hindu Policymakers can ill-afford to drop their guard in the fight against inflation October’s inflation data point to a welcome softening in price gains that should offer some succour to monetary policy authorities, who have been battling to rein in runaway inflation since the beginning of this year. Retail inflation, or price gains based on the Consumer Price Index, slowed to 6.77% last month, from September’s 7.41%, aided by an appreciable...
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