A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...
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CAD doubles to all-time high of $36.4 billion in Q2, up nearly 4 times on year
-The Hindu Business Line Trade deficit, primary income outweighed Services surplus: ICRA India’s current account deficit (CAD) doubled sequentially to an all-time high of $36.4 billion in Q2 FY23 from $18.2 billion in the previous quarter, and was nearly four times higher than the $9.7 billion posted a year ago. CAD for FY22 was at $38.77 billion. The Q2 CAD was equivalent to 4.4 per cent of the country’s GDP as against 2.2...
More »Why quality of free legal aid remains poor in India -Suryanshi Pandey
-IndiaSpend/ Scroll.in Legal aid lawyers are grossly underpaid, poorly treated and overworked. Ayush* is a legal aid counsel providing free Services for criminal cases to those who cannot afford lawyers, at the Karkardooma District Court in Delhi. He makes about Rs 5,000 a month, on average, he told IndiaSpend. In April, former Supreme Court Justice Uday U Lalit said: “Legal aid to the poor does not mean poor legal aid. There has to...
More »People’s Commission Calls for National Fertiliser Policy to Reduce Imports, Strengthen CPSEs
-Newsclick.in There is need to build up self-reliance by nurturing the fertiliser CPSEs, rather than dismantling them through disinvestment and privatisation, read the PCPSPS statement. New Delhi: Amid concerns over global availability and growing demand for fertilisers, as well India’s dependence on urea import, the People's Commission on Public Sector and Public Services (PCPSPS) has called for a national fertiliser policy, consistent with the long-term food security strategy in India. “The national fertiliser...
More »ICDS adversely affected post-Covid, says economist -Animesh Bisoee
-The Telegraph Jean Dreze claims that in the case of PDS, condition of Chhattisgarh and Odisha is better than Jharkhand Jamshedpur: Economist Jean Dreze said on Friday that not even 70 per cent of public distribution system (PDS) beneficiaries in Jharkhand have been receiving foodgrains after the Covid-19 pandemic. The Belgian economist, social scientist and activist painted a dismal picture of the public distribution system in the state while addressing a workshop on...
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