-The Telegraph The Finance ministry has warned that the current account deficit will deteriorate in 2022-23 because of costlier imports and tepid exports on the merchandise account The country’s trade deficit touched an all-time high of $26.18 billion as imports expanded 57.88 per cent to $66.31 billion in June because of a doubling of oil imports and a spike in the inflow of coal, gold, electronic goods and chemicals. The Finance ministry has...
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Review: RBI paper highlights the risk in the Finances of 10 States -Sai Krishna Muthyanolla
-Factly.in The RBI recently published an article State Finances and the Risk Analysis. The article aims to look at the fiscal vulnerability of Indian States & emphasises on ten heavily debt-burdened states in India based on the debt-GSDP ratio in 2020-21. These ten states also account for around half of the total expenditure by all state governments in India. Here is a review. Effective and efficient public Finance management is said to...
More »Hunger Games? Govt may Shut Down Free Ration Scheme After September -Subodh Varma
-Newsclick.in A Finance ministry note has reportedly warned against too much spending on food and other subsidies. The scheme for providing 5 kg food grain to every individual in addition to the subsidised ration given to ration card holders may be finished after September. Called the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY), it was started during the first lockdown in April-May 2020 and has been extended every six months. It is...
More »Gig economy in India to employ 23.5 million by 2030, says NITI Aayog report -Isha Sahai Bhatnagar
-Hindustan Times Over 20% of the 7.7 million jobs in India’s gig economy are classified as high-skilled jobs and 31% as low-skilled jobs. The remaining 47% are classified as medium-skilled jobs India’s gig economy is estimated to employ 7.7 million people and is set to nearly triple to 23.5 million by 2029-30, a new report by the NITI Aayog said on Monday. The report, ‘India’s Booming Gig and Platform Economy’, is the first...
More »Govt to come out with second PLI scheme for textiles: Goyal -Dilasha Seth
-Livemint.com Move aims to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday COIMBATORE: The Union government is set to come out with a second production linked scheme (PLI) for the textiles sector, to give further boost to manufacturing and exports of apparel, commerce and industry minister Piyush Goyal said at an industry event on Saturday. On possibility of extension...
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