-The Hindu It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth Union Finance Minister Nirmala Sitharaman is mistaken if she thinks her first Budget is going to revive a slowing economy. The economy grew by just 5.8% in real terms in the last quarter of 2018-19. Yet, the Union Budget for 2019-20 assumes that the economy will...
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Why young, not ageing, firms can spur job creation -Dhirendra Tripathi
-Livemint.com * Contrary to popular belief, the Economic Survey 2019 says “dwarfs”—over 10-year-old firms with less than 100 employees—which account for a majority of firms in organized manufacturing, hold back job creation and productivity * Mint explains why it is so and the way out How do small and young firms fare in terms of job creation? The Economic Survey says the contribution of small firms to output and employment in the manufacturing sector...
More »Industry needs 'national innovation system' -Santosh Mehrotra
-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...
More »CPCB asks for pollution plan for Gurugram, Faridabad -Ritam Halder
-The Times of India NEW DELHI: Central Pollution Control Board has asked Haryana State Pollution Control Board for a city-specific action plan for Faridabad and Gurugram. In a letter to the board, CPCB has also directed it to install four PM10 analysers at Vikas Sadan, Gurugram, Sector 6, Panchkula, MD University, Rohtak, and Sector 16A, Faridabad. Based on the 2011-2015 data and WHO report of 2014/2018, 102 cities that failed to meet...
More »Prudent prescription: on MSME sector
-The Hindu An RBI panel’s suggestions on the MSME sector cut to the heart of crucial issues The micro, small and medium enterprises (MSME) sector in India is not only a key engine of growth, contributing more than 28% of the GDP and about 45% to manufacturing output. It is also a true reflection of economics where people really matter. Providing employment to about 111 million people, the sector’s health is crucial...
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