-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several measures...
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Economic growth onus falls on government
-The Telegraph Hands-off RBI cuts forecast The Reserve Bank of India’s policymakers shocked economists, industry and the Street by deciding to hit the pause button on interest rate cuts after five downward revisions this year. The six-member monetary policy committee (MPC) of the central bank also slashed its growth forecast for this financial year to 5 per cent from 6.1 per cent at the October meeting. The decision to retain the policy rate —...
More »India's rural poverty has shot up -Pramit Bhattacharya & Sriharsha Devulapalli
-Livemint.com Bihar, Jharkhand and Odisha have seen sharp increases in poverty rates over the past few years, an analysis of the national statistical office data suggests Ever since India moved to a high growth trajectory in the 1980s, poverty rates have consistently declined over time. Until now. A Mint analysis of the consumption expenditure numbers reported by the National Statistical Office (NSO) in a hushed-up report suggests that rural poverty rose nearly 4...
More »India's GDP growth slips to 4.5%, slowest in more than six years
-The Indian Express The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013. Owing to a deceleration in manufacturing output and subdued farm sector activity, India’s GDP growth slipped to a 26-quarter low of 4.5 per cent in the second quarter (July-September) of the current fiscal, data released by National Statistical Office (NSO) Friday showed. The GDP...
More »Punjab groundwater crisis: What it will take to move from paddy to maize -Anju Agnihotri Chaba
-The Indian Express At current rates of depletion, Punjab’s entire subsurface water resource could be exhausted in a little over two decades. Jalandhar: As the discussion around Punjab’s massive groundwater crisis becomes more urgent, there is an increasingly stronger accent on diversification of crops, and a move away from water-guzzling paddy. At a meeting over the weekend, Punjab Agricultural University (PAU), Ludhiana, decided to strengthen maize — the most important alternative to...
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