-The Hindu Getting financial institutions to a healthy state when they can begin to lend confidently is most crucial for faster growth We bid goodbye to 2019 with a sigh of relief. Anything that could go wrong went wrong during this year. Growth rate plummeted. From the level of 8.1% in the fourth quarter of 2017-18, quarterly GDP growth fell to 4.5% in the second quarter of 2019-20, a fall of 3.6...
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Finance panel suggests new structure to rationalise GST slabs -Rajeev Jayaswal
-Hindustan Times The suggestion is to come up with a standard rate of 17%, a lower merit rate for items of common consumption and a higher rate on luxury and sin goods, according to these officials who spoke on the condition of anonymity. The Fifteenth Finance Commission (FFC) has suggested the Goods and Services Tax (GST) Council to simplify tax rates by creating just three slabs, two officials with direct knowledge of...
More »Raghubar Das' style of working proved costly for BJP
-IANS Raghubar Das' style of working proved costly for BJP Ranchi: The perceived dissatisfaction with the style of functioning of Jharkhand Chief Minister Raghubar Das and his bid to copy Lalu Prasad in running the government apparently led to BJP's defeat in Jharkhand. Das, though, has many records to his credit; one of them is that he was the first non-tribal Chief Minister who survived full tenure of five years. In a state...
More »Indian economy delicately poised -Renu Kohli
-The Telegraph By all indications revival in 2020 is not possible The year 2019 has played out on a mixed note. Politically, the general election outcome upheld the popular choice of a majority government. Economically, conditions deteriorated rapidly through the year. In fact, an undercurrent of concern about the economic SITuation prevailed throughout 2019. This surfaced upfront immediately after the May election and reached a flashpoint by the middle of the...
More »Explained: In numbers and dimensions, the global refugee crisis -Mehr Gill
-The Indian Express Globally, more two-thirds of all refugees come from five countries: Syria (6.7 million), Afghanistan (2.7 million), South Sudan (2.3 million), Myanmar (1.1 million), and Somalia (0.9 million). The first Global Refugee Forum (GRF) is currently underway in Geneva, Switzerland, jointly hosted by the United Nations High Commissioner for Refugees (UNHCR), the United Nations Refugee Agency, and the Government of Switzerland. At the two-day event, member states of the United Nations...
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