-Livemint.com Demonetization could cause temporary pain to those who have unaccounted incomes One of the biggest issues which helped Prime Minister Narendra Modi capture power in 2014 was the promise to crack down on corruption and black money. Midway in his tenure, he has announced scrapping of currency notes of Rs.500 and Rs.1,000 to curb black money and other illegal activities such as counterfeiting of notes and money laundering. Given the fact...
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India is finally trying to clear the air around its controversial GDP numbers -Madhura Karnik
-Scroll.in / qz.com The government has set up five committees to review data to calculate major indicators such as the GDP, IIP and inflation. More than 19 months after the statistical tumult began over India’s GDP, the Narendra Modi government is finally trying to fix the mess. India’s GDP numbers have been receiving flak since a new calculation was introduced in January 2015. Overnight, India’s GDP growth accelerated from 4.7% to 6.9%. It...
More »Climate change may push up to 77 million urban residents into poverty by 2030 -Mayank Aggarwal
-Livemint.com A World Bank report cautions that the urban poor will bear the brunt of losses if cities don’t become more resilient to natural disasters, shocks, and stresses New Delhi: By 2030, without significant investment into making cities more resilient, climate change may push up to 77 million more urban residents into poverty, said a new report released by the World Bank on Wednesday. The report ‘Investing in Urban Resilience’ by the World...
More »Indian MSMEs yet to reap the benefit of Govt. schemes, says a recent report
A recently released report shows that only a few enterprises belonging to the labour-intensive Micro, Small and Medium Enterprises (MSME) sector could take advantage of the 205 number of public schemes (available in October 2015) of various Ministries or Departments of the Government, as listed at the website www.clusterobservatory.in. (Please click here to access the report on MSMEs and the challenges they face). Prepared by the Foundation for MSME Clusters...
More »How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
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