Reuters India's nominal GDP growth is likely to fall in FY 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ahead of national elections in 2024. Nominal GDP growth, which includes inflation, is the benchmark used to estimate tax collections in the upcoming budget to be presented on Feb. 1. It is estimated to be around 15.4% for the current financial year....

-The Telegraph Slushy water is eroding underground rock, accelerating the subsidence in parts of the town, geologist Piyoosh Rautela tells The Telegraph New Delhi: Piyoosh Rautela, a professional geologist, has scrambled over the past week to manage a crisis in Joshimath he had warned about 12 years ago — a spike in the central Himalayan town’s sinking rate triggered by the sudden release of underground water. The water discharge from a burst aquifer...

- Scroll.in India prohibited manual scavenging in 1993. But it took another 20 years to expand its legal definition to include the manual cleaning of drains, sewers and septic tanks. Mumbai, with the richest municipal corporation in India, was among the worst offenders when it came to the implementation of the 2013 law. Records maintained by the Safai Karamchari Andolan, a national organisation working for the rights of sanitation workers, show 19...

-Scroll.in Increasing unemployment is a major cause for concern. Politicians constantly talk about India being a young country, since two-thirds of the population is under 35 years of age and half of it below 26. Some economists consider this an automatic boon for the economy, since there is a limitless number of workers who could contribute to India’s productive capacity. Finance and investment giant Morgan Stanley, in a report released in November, identified...

-Hindustan Times The meeting came after Prime Minister Narendra Modi expressed concern over the Joshimath land subsidence issue and reviewed the situation with Uttarakhand chief minister Pushkar Singh Dhami The Prime Minister’s Office (PMO) has held a high-level review meeting on the land subsidence activities in Uttarakhand’s Joshimath and a team of central agencies and experts are assisting the state government to prepare short, medium and long-term remedial measures to deal with...