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Is "Formalisation" possible? -CP Chandrasekhar and Jayati Ghosh

-Networkideas.org In recent times, the clamour for formalising economic activity, or shrinking its unorganised component and expanding the organised, has been heard from diverse sources. There are those who want formalisation to occur because the unorganised sector is seen as being largely outside the direct and indirect tax net, depriving the government of much needed resources. Hence, for example, one feature seen as favouring the Goods and Services Tax regime is...

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Delhi: All efforts lie waste as open burning continues unabated -Paras Singh

-The Times of India NEW DELHI: Waste burning near Brahma Apartments in Dwarka’s Sector 7 has necessitated the summoning of the fire brigade several times. But the highly polluting activity refuses to be curbed. Despite the stringent fines imposed by National Green Tribunal, Delhiites refuse to mend their ways and continue to burn leaves and waste. Dwarka residents will gather at the offending spot on Saturday morning to highlight the repercussions...

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Govt keeps job data close to its chest -Basant Kumar Mohanty

-The Telegraph Two reports, published every 3 months of the Quarterly Employment Survey, not released by the Narendra Modi govt New Delhi: Quarterly employment data considered reliable by even critics of the Narendra Modi government have not been released for this year so far, prompting concern the survey may be discontinued to hide potential warts that hold considerable significance in an election year. Two reports of the Quarterly Employment Survey (QES) are due...

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Cause for caution: On India's GDP growth -Puja Mehra

-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot...

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Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra

-TheWire.in Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right...

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