-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
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Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
More »A milestone in greater transparency, accountability -Madan Lokur
-The Hindu The launch of the Jan Soochna Portal in Rajasthan is a vital cog in Access to the right to information The Jan Soochna Portal (JSP) launched by the government of Rajasthan yesterday is a remarkable achievement in furtherance of the right to information (RTI) — especially Section 4 of the RTI Act — that deals with proactive disclosure of information. Transparency must be accompanied by accountability, and that is where...
More »Delhi Declaration might downplay international finance institutions' role in mitigating desertification -Ishan Kukreti
-Down to Earth A key paragraph has been proposed for deletion in the draft declaration The Delhi Declaration, to be finalised and released on September 10, 2019, at the United Nations Convention to Combat Desertification’s (UNCCD) Conference of Parties (CoP) 14, might downplay many issues like the role of the international financial institutions and forest ecosystems. A draft of the Delhi Declaration has been Accessed by Down to Earth. The draft is currently...
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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