-IndiaToday.in Even as the coal crisis continues in the country, a urea shortage seems to be the next big problem for several states, especially with the sowing of rabi (winter) crops around the corner. Bhopal /Jaipur /Guwahati /Chandigarh: The coal supply shortage has already threatened possible power outages in India. Several states have reported a shortage and complained of a possible power outage in the coming days, even as the central government...
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What the global minimum tax deal means for India -Jagadish Shettigar and Pooja Misra
-Livemint.com The finance ministers of G-20 countries are scheduled to meet today in Washington to discuss the global minimum tax of 15% for multinational enterprises. Mint looks at the global minimum tax and its implications. * What is the global minimum tax? Last week, the Organization for Economic Co-operation and Development (OECD) finalized a landmark agreement to subject multinational enterprises (MNEs) to a minimum 15% tax from 2023. A total of 136 countries,...
More »Power crisis a reminder of fossil fuel dependence
-The New Indian Express An energy crisis was the last thing policymakers had expected in the aftermath of Covid-19. An energy crisis was the last thing policymakers had expected in the aftermath of Covid-19. But here we are, facing an unprecedented energy crisis, not just in India but in many other parts of the world. Even as the Delhi chief minister sent an SOS to the Central government warning of possible power...
More »Economic lessons for India from the Evergrande crisis in China -Vivek Kaul
-Livemint.com Real estate must contribute more to our economy and that calls for sectoral reforms and cheap homes Over the past few weeks, the financial and economic world has been worried about the likely collapse of Evergrande, the world’s most-indebted real estate company. At the same time, the bigger issue of China’s dependence for growth on its real-estate sector remains. In a working paper titled, Peak China Housing, Kenneth S. Rogoff and Yuanchen...
More »Fight for Wage Revision Pacts Bears Fruit in Tamil Nadu’s Big Industries -Sruti MD
-Newsclick.in While the trade unions demand the labour laws to be followed, the management finds loopholes to bypass them. But the automobile workers in Tamil Nadu have brought about positive change. Tamil Nadu is a leading industrial state in the country, hosting many international companies. But in these industries, a common cause for dispute between the workers and the management is the wage revision pact. Wage revision pacts have to be made every...
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