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Joshimath subsidence: Supreme Court agrees to hear plea on January 16 - The Telegraph

The Telegraph/PTI A bench comprising Chief Justice DY Chandrachud and Justice P S Narasimha, however, refused to list the plea for urgent hearing The Supreme Court on Tuesday agreed to hear a plea on January 16 seeking it’s intervention to declare the crisis in Uttarakhand's land subsidence-hit Joshimath as a national disaster. A bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha, however, refused to list the plea, filed by Swami...

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Why India’s Balance of Payments is Headed for Hard Times -Prabhat Patnaik

-Newsclick.in The yawning merchandise trade deficit is occurring not because of any economic boom but in the midst of creeping industrial stagnation. India’s current account deficit for the second quarter (July-September) of 2022-23 has reached a massive $36.4 billion, which is 4.4% of the gross domestic product, higher than at any time in the last nine years. It is only in October-December 2012 that the absolute level of the current account deficit...

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Global Economy: In 2023, Central Banks Will Have to Battle Inflation Amid Political Obstacles -Steve Schifferes

-TheConversation.com/TheWire.in With the cost-of-living crisis now at the top of the public’s agenda in many developed countries, the setting of interest rates has ceased to be just a technical matter and has instead become highly political. Where is the global economy heading in 2023? After all the challenges of last year, it’s a question we ask with trepidation. Just as the economy was dealing with the ongoing effects of the COVID-19 pandemic,...

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Why Indian scientists are critiquing IPCC report -- unfair burden on developing countries -Sinrin Sirur

-ThePrint.in Scientists at M.S. Swaminathan Research Foundation claim IPCC projections give rich nations higher energy consumption, cutting down share of developing ones, potentially affecting development. New Delhi: A group of scientists from the Chennai-based M.S. Swaminathan Research Foundation have challenged the assumptions of the sixth assessment report by the United Nation’s Intergovernmental Panel on Climate Change (IPCC), arguing that the modeled scenarios on how to achieve global net-zero emissions place an unfair burden...

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Can India’s production incentive scheme transform the economy as the SEZ push did for China? -Siddhant Bajpai

-Scroll.in The Indian government will have to take serious note of the structural problems and bottlenecks to work on improving the production-linked incentive scheme. On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector. According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive...

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