-Livemint.com Given the over-optimistic revenue estimates and under-budgeted expenditure, the FinMin’s budget projections should be taken with a pinch of salt Dark clouds are gathering over the fiscal horizon. Finance minister Arun Jaitley will table an interim budget on 1 February—just weeks before India goes to polls. There’s a growing consensus among analysts that the government will miss its revenue target for the year, largely because the collections from the goods and services...
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NR Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy (NIPFP) and author of the series presented in a report to the National Statistical Commission, interviewed by Abhishek Waghmare (Business Standard)
-Business Standard "Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors" The back series data of GDP released recently by a panel of experts has evoked sharp reactions among political circles and experts. N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report...
More »River Sutra -R Selvam
-The Indian Express International treaties hold lessons for the Cauvery dispute. More than 80 per cent of Indian rivers are inter-state rivers. According to the Central Water Commission, there are 125 inter-state water agreements in India. Many of these agreements are more than 100 years old and had been executed without seriously considering socio-economic, political and geographical factors. These treaties have now become permanent sources of problems for many states. Continuous redrawing...
More »Sunita Narain, environmentalist, interviewed by Bindu Shajan Perappadan (The Hindu)
-The Hindu If we oppose every solution to the problem of air pollution, how will we ever breathe clean air, asks the environmentalist Environmentalist Sunita Narain has been fighting for clean air for decades. The Delhi-based Centre for Science and Environment, with which she has been associated and now serves as director general, led the shift to compressed natural gas in Delhi, to reduce air pollution. Ms. Narain is on the statutory...
More »Higher food prices accelerate retail inflation in October
-The Economic Times Consumer inflation touched a seven-month high in October denting hopes of rate cut when the Reserve Bank of India reviews the monetary policy next month. Retail inflation, as measured by the consumer price index (CPI) rose to 3.58% in October from 3.28% in September, data released by the government showed. “While we expect the RBI’s March 2018 projection to be revised down a notch, but October’s CPI and the likelihood...
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