-India Water Portal Budget fails to allocate enough to turn the rhetoric of tap water to each household into reality. Union Finance Minister Ms. Nirmala Sitharaman presented the decade's first union budget in the parliament on 1st February 2020. While presenting budget for 2020-2021, she started with the country’s vision for the decade in which she emphasised on water management and clean rivers as one of the 10 points of vision for...
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A Budget exercise that is designed for Stressed times -TT Ram Mohan
-The Hindu The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms The Finance Minister’s job is a greatly coveted one but no politician would want to be in Nirmala Sitharaman’s shoes today. The Indian economy has slowed to a 5% crawl. The financial system is under considerable Stress. Assumptions about tax revenues have gone awry. The clamour...
More »Banking sector is Stressed, govt in no position to bail it out: Abhijit Banerjee
-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "Stressed" and the government is in no position...
More »IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India
-The Indian Express "Domestic demand has slowed more sharply than expected amid Stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...
More »Farmer suicide rate sees marginal decline in 2018, concerns remain -Sharan Poovanna & Shaswati Das
-Livemint.com * 10,349 farmers and agricultural labourers killed themselves in 2018 compared with 10,655 in the previous year * In 2015, the government published elaborate data on farmer suicides, including reasons for suicides BENGALURU/ NEW DELHI: A total of 10,349 farmers and agricultural labourers committed suicide in 2018, a marginal dip from the 10,655 cases in the year before, home ministry data showed. According to National Crime Records Bureau (NCRB) data on accidental deaths...
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