-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
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Need to eliminate distrust within private sector, 'extraordinary' steps needed: NITI Aayog on slowdown
-The Indian Express Explaining the origins of the present economic situation, the Niti Aayog vice-chairman said: "The entire episode started with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014." The Centre’s policy think tank Niti Aayog stated Thursday that the prevalent slowdown in the country’s economy is due to the distrust amongst the private sector where the credit situation is stagnant. “Nobody is trusting anybody else… within the...
More »Abstain from speculations, give exact job loss count, Finance Ministry tells India Inc.
-The New Indian Express There were also reports that the auto sector has seen 3 lakh crore jobs being lost. NEW DELHI: TAKING notice of daily reports on job losses, the Union Finance Ministry has asked business chambers and industries to produce the exact number of job cuts to derive the correct picture of the economy. It has asked the industries to abstain from causing panic. “There are a number of reports that...
More »Focus turns to domicile laws, land, jobs in proposed Union Territories of Jammu and Kashmir, Ladakh -Peerzada Ashiq
-The Hindu Pandits, Dogras and Buddhists demand maintenance of current population status, rights over land With the revoking of the special status of Kashmir, Pandits, Dogras and Buddhists have made separate demands for domicile laws in the proposed Union Territories of Jammu and Kashmir and Ladakh. The reasons they cite include the need to maintain the current population status, ensuring jobs for local people and the rights over land use. BJP State spokesman...
More »Jammu and Kashmir: BJP wants some curbs to be put on 'outsiders' over land, govt jobs -Arun Sharma
-The Indian Express Senior BJP leader Nirmal Singh told The Sunday Express that they want a safeguard like a “domicile” certificate, so as to “protect the interests of locals in respect to land and state jobs”. Jammu: Less than a week after the abrogation of Article 370 by the Union government, and scrapping of Article 35A which extended special privileges to the people of Jammu and Kashmir, the local BJP wants...
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