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What's there for water in the budget kitty? -Partik Kumar

-India Water Portal Budget fails to allocate enough to turn the rhetoric of tap water to each household into reality. Union Finance Minister Ms. Nirmala Sitharaman presented the decade's first union budget in the parliament on 1st February 2020. While presenting budget for 2020-2021, she started with the country’s vision for the decade in which she emphasised on water management and clean rivers as one of the 10 points of vision for...

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State of the economy: Beyond hiccups -Dipankar Dasgupta

-The Telegraph The power of Keynes’s multiplier process is not absolute An eminent economist observed recently in a national daily’s blog that in spite of the Indian economy’s periodic hiccups, there is no serious threat to the system. “[H]istory,” he asserts, “should give us some pause as we assess the prospects of (the) Indian economy in the medium to long run. There is no denying that the economy is going through a...

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NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye -Dinesh Unnikrishnan

-Firstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...

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Supreme Court issues notice to Election Commission on 'discrepancies'

-The Hindu Petition says a study was done by them on discrepancy patterns found in ECI website and ‘My Voters Turnout App’. The Supreme Court on Friday asked the Election Commission of India (ECI) to respond to a petition filed by two NGOs seeking a probe into alleged discrepancies between voter turnout and the number of votes counted in 347 constituencies in the 2019 Lok Sabha election. “The lack of reasoned explanation by...

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The setting sun on India's solar dreams -Tanya Thomas

-Livemint.com * Caught in an economic slowdown, India’s clean energy transition is likely to go for a toss. What will be the cost? * The ongoing slowdown in economic growth and electricity demand has worsened the deep stress in India’s renewable energy industry, sending it into a tailspin MUMBAI: In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts...

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