-The Telegraph Investors may be buying stocks again, but fundamental drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...
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Slowdown Blues: Govt needs to raise income levels of working population to boost growth -Prasanna Mohanty
-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...
More »Solar pump scheme needs serious relook -Chandra Bhushan
-The Financial Express The Ministry of New and Renewable Energy (MNRE) recently rolled out a massive solar-pump programme called the PM-KUSUM scheme. The scheme has a target to set up 25,750 megawatts (MW) solar capacity by 2022 to power irrigation pumps, with central financial support of Rs 34,422 crore. It includes installation of 1.75 million off-grid and 1 million on-grid solar pumps as well as 10,000 MW of solar capacity in rural...
More »Manisha Verma, principal secretary, tribal development department, Maharashtra interviewed by Sugandha Indulkar (The Times of India)
-The Times of India Manisha Verma, principal secretary, tribal development department, Maharashtra talks to Sugandha Indulkar about The Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006 and related issues, with today being World Tribal Day. * What’s the precise positioning of the tribal welfare departments at the Centre and states on FRA? This is a seminal legislation. The preamble to the Act itself states that it aims...
More »In the shade of solar trees -Ashok Gulati
-The Indian Express Helping farmers produce solar energy can help realise the government’s target of doubling farmers’ incomes. In July, two interesting things happened that can help Indian farmers to a large extent in augmenting their incomes. First, the Union Finance Minister (FM) in her maiden budget speech asked why the annadata (farmer) cannot become the urjadata (producer of solar power). Second, in Parliament, the agriculture minister for state, responding to...
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