-The Times of India A study commissioned by the government last year on quantifying black money generated in the country has estimated that the illicit wealth is likely to exceed 10% of GDP or anywhere above Rs 10 lakh crore, given the size of the economy. The 1,000-page report was submitted to the finance ministry by the National Institute of Public Finance and Policy (NIPFP) in the last week of December. The...
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Prof. Jagdish Bhagwati, noted Economist and and Columbia University professor interviewed by Shaili Chopra
-Tehelka Edited Excerpts From An Interview NOTED ECONOMIST and Columbia University Professor Jagdish Bhagwati’s pro-free trade stance is well-known. A friend of the prime minister and his batch mate from Cambridge University, Professor Bhagwati feels the UPA’s departure from the stagnation of the past few years is a welcome change, and lauds the decision to allow FDI in multi-brand retail. In an interview to TEHELKA Business Editor Shaili Chopra, Bhagwati says more...
More »How weak checks and balances in mining are destroying forests and livelihoods in India -M Rajshekhar
-The Economic Times When asked where the coal blocks will come up, the forest officer draws a clover-shaped map. Take the right at the traffic intersection, he says, and you will enter Pathriya Dand coal block. Keep going for 11 km and the road turns to the left, which is where Gidhmudi coal block is. Come back to the main road, cross over to the other side, and you will enter...
More »Beyond Coal-Gate: New Study From Energy Group
A 42-page study put out in January by Prayas, a noted Pune-based energy analysis group dissects India’s coal sector, raising a range of policy issues that need to be urgently addressed. The mineral forms the basis of over half of India’s, though supply to industry is increasingly an issue, even as the sector is beset with big-ticket corruption and environmental violations. Some of the challenges of the coal sector raised by...
More »Policy Decision Delays Hitting Eco Growth: Raman Singh
-Outlook Opposing direct cash transfer and FDI in retail, Chhattisgarh Chief Minister Raman Singh today said inordinate delay in decision making and complicated procedures for statutory clearances were hurting the country's economy growth and investor sentiment. He told a meeting of National Development Council (NDC) here, chaired by Prime Minister Manmohan Singh, that the 12th plan has been made on "patronage model" and impinges on the autonomy of the states by making...
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