-The Hindu Business Line Apart from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
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Rediscovering development banks -R Nagaraj
-The Hindu The agenda to set up a development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a development bank. Ms. Sitharaman said: “In order to improve access to long-term finance, it is proposed to establish an organisation to...
More »The unravelling of the Western Ghats ecology
-Hindustan Times The nature-development equilibrium is broken, leading to climate disasters. At least 100 people have died in floods in three states in peninsular India — Kerala, Karnataka, and Maharashtra — in August due to monsoon floods. There are several reasons, as reported in a series of articles in Hindustan Times, for the havoc and deaths, such as changes in land-use patterns, excessive quarrying and unscientific plantations (Kerala), poor management of dams...
More »Over 5,000 children abandon education in mica Mining districts of Jharkhand, Bihar: survey
-PTI In its survey, the National Commission for Protection of Child Rights said it has observed that a section of children in the mica Mining areas are deprived of opportunities and have started working as labourers to supplement their family income Over 5,000 children in the age group of six to 14 years have abandoned education in mica Mining districts of Jharkhand and Bihar, and a section of them have started working...
More »Too much of reforms led to slowdown: NITI Aayog CEO
-The Hindu Amitabh Kant attributes downshift to spate of measures including GST, RERA and IBC New Delhi: A spate of reforms undertaken by the government has led to the current slowdown in the country, Amitabh Kant, the CEO of policy think-tank NITI Aayog, said on Friday. This came as a note of caution from the senior official as he was advocating a series of policy decisions to revive the economy. Greater liquidity “Firstly, you...
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