-Livemint.com Correcting import-duty anomalies will attract foreign firms to set up assembly bases here and lift our global competitiveness A steady decline in import tariff rates in manufacturing industries had been an important feature of India’s economic reforms during the 1990s and 2000s. The average import tariff rate was reduced from about 84% in 1990 to the lowest-ever level of 8.6% in 2010. Consequently, imports of goods plus services as a percentage...
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Once in a Century Budget: Statement of Fact or Hope? -Arun Kumar
-TheWire.in The pandemic and lockdown threw existing budgetary calculus completely out of line. But that provides an opportunity too. In December 2020, talking at a CII meet, finance minister Nirmala Sitharaman reportedly stated: “100 years of India wouldn’t have seen a budget being made post-pandemic like this”. Was it a mere statement of fact, that never before had parts of the budget-making process been done in a virtual manner after a pandemic, or...
More »Budget 2021 Is a Chance to Undo the COVID-Induced Inequality That Has Surged Across India -Nikhil Dey
-TheWire.in Ideally, the government should increase the work entitlement for MGNREGA to at least 150 days, double the budget and put in place an urban employment guarantee act. Let’s start with those who did well over the last 10 months. The Sensex index crossed the 50,000 benchmark for the first time on January 21, 2021, with a whopping 70% increase since April 2020. The Oxfam inequality report, just released, gives an idea of...
More »Hyderabad sees rise in groundwater levels -Siddharth Rao
-TelanganaToday.in Officials attribute this to copious rainfall and rainwater harvesting in the city Hyderabad: The year 2020 might not be one that everyone wants to remember. But for those watching the groundwater tables of Hyderabad, the Water Year of 2020-2021 has been one of a steady, encouraging rise. In the Hyderabad division, the mean groundwater level rose from 5.37 metres below ground level (mbgl) in December 2019 to 3.48 mbgl in December 2020,...
More »India seventh on index of countries impacted by climate change in 2019
-The Indian Express 'Extremely severe' cyclone Fani affected 28 million people, killing 90 people in India and Bangladesh, and causing economic loss to the tune of US$8.1 billion, the report added. India ranks seventh among countries most affected in 2019 by climate change, according to the Global Climate Risk Index, 2021, released Monday by Germanwatch — an NGO based in Bonn, Germany. In 2019, monsoon continued for a month longer than normal in...
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