-The Indian Express The current situation stands in stark contrast to the one in 1991, when India had to pledge its gold reserves to stave off a major financial crisis. In March 1991, India had forex reserves of a mere $5.8 billion; today, the country can depend on its soaring foreign exchange reserves to tackle any crisis on the economic front. India’s foreign exchange (forex) reserves surged by $3.883 billion to touch...
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New report by American Bar Association exposes the dark underbelly of Indo-US Sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »Flatten Chambal ravines for farming? Why the ambitious plan may struggle -Sanjeeb Mukherjee & Ramveer Singh Gurjar
-Business Standard Union agriculture minister is of the view that 300,000 hectares of rugged land is not cultivable, which if improved will help in the integrated development of the Bihad area Kamprakash Kansana from Nayakpura village in Morena district of Madhya Pradesh is apprehensive about the latest government move to flatten the Chambal ravines that lie close to his village to make them suitable for farming. The ravines, locally called, 'Bihad', which were...
More »Explained: Why organic matter in soil is crucial for a state like Punjab -Anju Agnihotri Chaba
-The Indian Express Indian-American soil scientist Dr Rattan Lal said in Punjab, Haryana and Uttar Pradesh soils are degraded and depleted because ‘organic matter' is quite below (.5-.2 per cent). In the past five decades, the state had achieved several firsts in the field of agriculture and even became the first state in the country to install soil fertility map in each village to improve soil health. But the soil of Punjab...
More »Over three-fourth of workers lost livelihoods since lockdown, finds a national survey of informal workers conducted by ActionAid India
-Press release by ActionAid India dated 13th August, 2020 Out of 11,537 respondents, over three-fourths reported that they had lost their livelihood since the imposition of the lockdown. Close to half of the respondents said that they had not received any income, and about 17 per cent had received only partial wages. Approximately 53 per cent said that they had incurred additional debt during the lockdown. More than half of the...
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