-PTI NEW DELHI: Buckling under pressure from overseas investors, the government on Friday rolled back the enhanced surcharge imposed on foreign portfolio and domestic investors in Budget 2019-20 as it announced a slew of measures to boost sagging economic growth. "In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No.2) Act, 2019 on long/short term capital gains arising from the...
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RTI reveals Kolhapur floods caused by tampering with technically established flood lines to please builders -Vinita Deshmukh
-MoneyLife.in The flood havoc in Kolhapur and Sangli districts has killed 54 people and thousands of cattle, besides causing colossal loss of property, farmlands and crops. Was it the ferocity of nature that caused such a great calamity or did human interference aggravate the SITuation? RTI documents reveal that tampering of the red and blue line demarcation of the Panchganga River in the Kolhapur Development Plan, due to the pressure of the...
More »All the major announcements made by Nirmala SITharaman to boost economic growth
-The Hindu Nirmala SITharaman said that India’s GDP continues to grow at a faster pace than the global economy and any other major economy. Union Finance Minister Nirmala SITharaman announced a slew of measures on August 23 to prop up the slowing economy. Addressing a press conference, Ms. SITharaman sought to dispel doubts over the economy and the government’s growth agenda. Announcing that the global GDP growth may be revised downwards from the...
More »Niti Aayog chief rings the alarm bell, calls for unprecedented steps
-The Indian Express While blaming a large part of the problem on the high credit growth between 2004 and 2011, when it grew 27 per cent and resulted in a build-up of NPAs, he said it takes a lot for the government which has inherited all the 'systems and inertia'. New Delhi: Taking cognizance of the bad liquidity SITuation in the financial sector and weak private investment in the economy, Rajiv...
More »Is India headed for its worst growth recession in a decade? -Niranjan Rajadhyaksha
-Livemint.com It is risky at this juncture to bet merely on a natural recovery. Even so, using monetary policy is the best option right now Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. The big question is whether the ongoing slowdown is structural or cyclical. The usual thumb rule is that the policy response to a structural slowdown is through economic reforms...
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