-Hindustan Times In a startling revelation, the addresses of five out of 14 investment brokerage firms – hired by UP Power Corporation Limited (UPPCL) authorities for investment of employees’ provident fund – were found to be fake, said senior officials UP police’s Economic Offences Wing (EOW). These 14 firms were hired by UPPCL authorities since March 2017 for investment of employees’ PF in Mumbai-based Dewan Housing Finance Corporation Limited (DHFL), said an...
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The intriguing case of a massive slowdown in the auto sector -Gurbachan Singh
-TheWire.in Did the auto sector's woes go hand-in-hand with the boom in affordable Housing segment under PMAY? Sales in the auto sector and in related industries have fallen considerably in India. Maruti-Suzuki, the country’s leading car manufacturer, has reported a 32.7% decline in its total vehicle sales. There is a similar situation across the sector, including the two-wheeler industry. The sector has already lost over 300,000 jobs. What explains the massive slowdown in...
More »Toilet targets: On ending open defecation
-The Hindu The campaign to end open defecation can succeed only if it takes communities with it India’s declaration on the 150th birth anniversary of Mahatma Gandhi that its rural areas are now open defecation-free will be acknowledged around the world as a milestone in its developmental journey. Cleanliness and sanitation were central to Gandhi’s concerns for his vast number of impoverished countrymen, and should ideally have been pursued zealously by governments...
More »What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
More »How rural inflation is playing out -Keerthi Sanagasetti
-The Hindu Business Line Low food inflation and high services inflation in rural India is doing more bad than good for the rural population CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation. Rural inflation in August was almost half of urban retail inflation. With...
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