-Hindustan Times Additional railway rakes, or train wagons, were being made available to ship fertilisers on a priority basis and at short notice, an official said. The Union government has formed a “crack team” to ensure priority movement of fertilisers to key food-bowl states as fears of shortage have triggered panic buying of crop nutrients, people familiar with the matter said. For the first time, a hub-and-spoke model is being implemented to take...
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Modi govt’s monetisation scheme is nothing but a scam being paraded as a plan, cleverly camouflaged in jargon -CP Chandrasekhar
-National Herald It is a scheme to engineer a transfer of income and wealth to those at the apex of the wealth pyramid. It is just a way to hand over wealth created with public money over decades to corporates Camouflaged In jargon that speaks of ‘monetisation of de-risked assets’, the BJP-led NDA government has announced its plan to sell out India’s public sector. In that plan, assets ranging from roads, ports,...
More »Adani versus Economic Times: Adani ports and SEZ files a civil suit -Tanishka Sodhi
-Newslaundry.com A June 14 report in the newspaper about an Indian government agency freezing the accounts of three of Adani Group’s foreign investors had sent its shares tumbling. On June 14, the Economic Times reported that the National Securities Depository Ltd, a government entity which holds securities, had frozen the accounts of three foreign investment funds – Albula, Cresta, APMS – which together own shares of Rs 43,500 crore in four Adani...
More »Are we listening to the lessons taught in the first year of Covid-19? -Ashish Kothari
-The Indian Express The pandemic revealed the precarious state of India’s informal sector. Localised production, trade and markets offer a better alternative to existing paradigm of development. Another wave of COVID, another round of lockdowns, another long journey back home for migrant workers. If there is one lesson we are learning after a year of COVID-19, it is that we have not learnt any lessons, at least not the crucial ones. 2020 exposed...
More »Is the Budget’s infrastructure push green? -S Gopikrishna Warrier
-MongabayIndia.com * The main focus of the Union Budget for 2021-22 is on infrastructure development-led growth. * This is expected to create a demand in the economy and thereby help it recover after the pandemic crisis. * This commentary explores whether the thrust on infrastructure development will lead to adverse environmental consequences. * The views expressed in this commentary are that of the author. Investment in infrastructure is the most important focus area in the...
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