-The Telegraph New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of...
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GDP: The slide stops with 6.3% growth but old problems remain -Sanjiv Shankaran
-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the economy is still struggling. A comparison of the...
More »NREGA wage payments are being withheld by the Centre, alleges civil society organisations
-Press Note from NREGA Sangharsh Morcha Since the start of the FY 18, we have pointed out the willful misrepresentation of delays in wage payments, incomplete calculation of the full extent of compensation due to workers and the under provisioning of budgets for the program. In August, we released a report by independent researchers, that used the Ministry of Rural Development’s own data to show how the Central Government is deliberately...
More »Grass or tree?: A rule reclassifying bamboo claims to benefit tribals - but industry will gain more -Nitin Sethi
-Scroll.in At the heart of the problem is a discrepancy between two laws on rights for Adivasis to the bamboo growing on their traditional forestlands. Across the world, taxonomists have classified bamboo as a grass. But under Indian law, it was treated as a tree. This definition has long given state forest departments monopolistic control over the valuable natural resource. On November 23, the Central Government loosened this grip by amending the...
More »Concern over bail-in -Jayanta Roy Chowdhury
-The Telegraph New Delhi: Politicians of various stripes have started to raise red flags about a provision in a bill that the Narendra Modi government intends to move in the Lok Sabha in the upcoming winter session, which could theoretically allow beleaguered banks and financial institutions to scoop up depositors' money to stop them from going bust. It is called a "bail-in" - a concept coined during the European banking crisis of...
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