-The Economic Times January-March quarter growth may have slumped to 6-6.3% against 6.6% expansion in the preceding one. NEW DELHI: India’s economic growth is likely to have slipped below 7% in FY19, the lowest in the past five years, because of a disappointing fourth quarter. That could prompt a further cut in interest rates by the central bank and renewed efforts by the incoming government to drum up demand and private investment,...
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Missing demand: on economic slowdown
-The Hindu Slowdown has widened across sectors; the new government must hit the ground running A welter of data collectively and individually point to one worrying conclusion: economic momentum across sectors is slowing in the widening absence of that key ingredient, demand. Domestic sales of cars, commercial vehicles and two wheelers all contracted in April, from a year earlier, the Society of Indian Automobile Manufacturers (SIAM) has reported. The decline of almost...
More »Mumbaikars can now drink water straight from tap: BMC -Clara Lewis
-The Times of India MUMBAI: Mumbaikars can now drink water straight from the tap, Brihanmumbai Municipal Corporation’s (BMC’s) hydraulic engineer Ashok Tawadia said. According to BMC, an average 0.7% of water samples collected daily across Mumbai between April 2018 and March 2019 tested positive for Coliform bacteria, a group of microorganisms present in water bodies that indicate water may not be fit for drinking. This is far better than the WHO...
More »Cyclone Fani: Anger boils over in hungry Puri -Satyasundar Barik
-The Hindu Residents in the pilgrim town block traffic blaming Odisha govt. for lack of food Puri (Odisha): The was visible anger on the streets of Puri on Tuesday with thousands of cyclone-affected people struggling to get food and water four days after cyclone Fani hit the district. Although the Odisha government had said that cooked food was being provided to those who took shelter in different buildings including multi-purpose cyclone shelters, community...
More »PM's pension scheme: Two months into launch, workers not keen, call it poll gimmick -Christina George
-The Indian Express Makhan Lal, a construction worker who is on the verge of quitting work because of a dislocated shoulder, says: “I haven’t heard of Modi’s pension scheme or Rahul Gandhi’s NYAY... what I know is that we will remain poor, this basti will continue to have open sewage and during rains our houses will be under sewer water.” Chand Lal, 45, was back at his 8×8 feet shanty in...
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