-The Indian Express Over the last one month, the government pulled out all stops to contain the spread of the Covid-19. During this period, economic ministries including Commerce and Industry, Heavy Industries, Road Transport, Civil Aviation, Pharmaceuticals and Consumer Affairs met and heard stakeholders. With Covid-19 wreaking havoc in Indian financial markets and global research and rating firms marking down GDP growth estimates by up to 100 basis points, Prime Minister Narendra...
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Coronavirus: 54% of Indian firms can’t support work from home, says report
-Hindustan Times A report by Gartner, a leading IT service management company, says that 54 per cent of the companies in India do not have enough technology and resources for employees to work to home. While companies across the world mull over having their employees log in from home in the wake of the coronavirus scare, a report suggests that for many companies in India, this might just be a distant dream. Please...
More »Economic Survey: Focus on wealth of big business than wealth and health of nation -Surajit Das
-Newsclick.in The Economic Survey 2019-20 indicates that the government’s broad policy direction will remain the same -- of neglecting the social sector and serving the interests of the big businesses. This year’s Economic Survey begins with emphasising the importance of wealth of nations (inspired by Adam Smith) and depicts long-term contributions of the US, China, India and various other countries in world GDP (gross domestic product). The shares of China and India...
More »NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye -Dinesh Unnikrishnan
-Firstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...
More »Seed industry proposes changes in Seed Bill 2019
-The Hindu Business Line The National Seed Association of India (NSAI), which represents top seed companies in the country, on Wednesday suggested some changes in the proposed Seed Bill 2019, including a more scientific definition of transgenic variety, enhanced farmer rights on seeds and enlisting the services of private firms for evaluating new varieties before seed registration. In letters written to Indian Council of Agricultural Research - Director General (ICAR) Trilochan Mahapatra...
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