-TheWire.in/ Business Standard Over 50 years, the loan repayment value will be much higher based on the inflation differential Prime Minister Narendra Modi has claimed the bullet train offered to India by Japan is virtually free of cost. A 50-year yen loan amounting to Rs 88,000 crore at 0.1 % interest is being described by the prime minister as free of cost. This is patently absurd. India can have as many bullet trains...
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Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »After floods, 235 districts face drought in country -Amit Bhattacharya
-The Times of India NEW DELHI: Around 235 districts across the country face the prospect of drought this year as the monsoon appears headed for a below-normal performance, with the season's deficit currently at 6.2% of normal. These districts, accounting for 37% of India's 630 districts for which rain data is available, have monsoon shortfall of at least 20%, with nine show acute deficits of 60% or more, data from the India...
More »August rains revive kharif sowing in parched Karnataka -Sandip Das
-The Financial Express More than ‘normal’ rainfall in the last three weeks in 11 districts of south-interior Karnataka, which received scanty rains in the first two months of monsoon season (June-July), has helped revive kharif sowing activities to a large extent. According to the Karnataka State Natural Disaster Monitoring Centre (KSNDMC), the quantum of rainfall in August so far in these districts, including Mandya, Mysuru, Chitradurga and Bengaluru, has been 95...
More »Despite floods, India faces 5% rain deficit -Amit Bhattacharya
-The Times of India NEW DELHI: The flood fury in Assam, Bihar, Bengal and Uttar Pradesh has taken attention away from poor monsoon rains in large parts of the country in August. The month has so far seen a 24% rain deficit (till August 18), with central India in particular reeling under a prolonged break in the monsoon. The lull in rains has opened up a huge 58% shortfall in central India,...
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