-Livemint.com Real estate must contribute more to our economy and that calls for sectoral reforms and cheap homes Over the past few weeks, the financial and economic world has been worried about the likely collapse of Evergrande, the world’s most-indebted real estate company. At the same time, the bigger issue of China’s dependence for growth on its real-estate sector remains. In a working paper titled, Peak China Housing, Kenneth S. Rogoff and Yuanchen...

-The Hindu The swell of public opinion in China has enabled government regulation and change in company policy On September 20, 2021, the Indian Federation of App-based Transport Workers, on behalf of gig workers, filed a public interest litigation in the Supreme Court demanding that the Union government provide succour to workers affected by the pandemic. The petition has asked for ‘gig workers’ and ‘platform workers’ to be declared as ‘unorganised workers’...

-The Hindu The Ease of Doing Business index was plagued with problems and deserves to be scrapped On September 16, the World Bank Group scrapped its flagship publication, the ‘Doing Business’ report. This report publishes the influential annual ranking of countries on the Ease of Doing Business (EDB) index. The Group acted on its commissioned study to examine the ethical issues flagged in preparing the 2018 and 2020 editions of the EDB...

-Hindustan Times The irregularities in Doing Business reports had affected four countries: China; Saudi Arabia; United Arab Emirates; and Azerbaijan. World Bank Group has decided to discontinue ‘Doing Business’ reports that used to assess investment climate in countries after data irregularities were found in 2018 and 2020, reported news agency Reuters. In August 2020, World Bank paused the publication of Doing Business reports following a number of irregularities were reported regarding changes...

-Hindustan Times The ₹12,000 crore Char Dham road project was announced by Prime Minister Narendra Modi in 2016 to connect Hindu shrines of Gangotri, Yamnotri, Badrinath and Kedarnth through a four lane all-weather road The all-weather Char Dham road in Uttarakhand has witnessed 25 major landslides this rainy season, forcing the administration to close two stretches of roads in Tehri Garwhal for indefinite periods and indicating that “unscientific” road construction was causing...