-The Hindu The falling Indian rupee will make oil imports costlier and lead to a rise in fuel prices Mumbai: After holding on for a day, the State-owned oil marketing companies (OMCs) again increased the price of petroleum products such as petrol and diesel in the country on Thursday. The prices of petrol and diesel touched a new high on Thursday with Mumbai paying the maximum among the four metros. While petrol costs...
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In Delhi, cancellation of 2.5 lakh ration cards sparks tussle between AAP government, bureaucracy -Vijayta Lalwani
-Scroll.in Questions arise again over Delhi’s welfare delivery system – close on the heels of the starvation deaths of three girls in July. In May, Ram Baran, a resident of Savitri Nagar in Delhi, received a letter from the ration circle office stating that his ration card would be cancelled because he had not collected foodgrains between January and March. The letter added that unless he submitted his Aadhaar number, electricity...
More »Consumption-driven GDP growth unhealthy for Indian economy -Manas Chakravarty
-Livemint.com A consumption-driven growth not only fuels inflation, but also can arguably lead to a slackening of future growth Economic growth of 8.2% for the June quarter may have beaten all estimates, but the big question is: what kind of growth is it? Is the economy firing on all the engines of domestic consumption, investment demand and external demand? Let’s look at the numbers. The anecdotal evidence of a spurt in consumption growth...
More »A midnight SOS: How fishermen became Kerala's new army -Rishi Kakanadan
-The Economic Times In the afternoon on August 15, Kollam district collector S Karthikeyan received a call from his counterpart in Pathanamthitta, P B Nooh. He requested five dinghies to be sent from rescue operations in flooded areas in his district. It had been raining incessantly for several days all over Kerala. Most of the reservoirs in the state had to be opened in the previous couple of days, leading to floods...
More »GDP Growth Rate: A Crown of Thorns -Subodh Varma
-Newsclick.in It is bizarre that the recent GDP numbers are being celebrated even as there are no jobs, workers wages are frozen and farmers are demanding better prices. There is much celebration in government circles and, of course, in the mainstream media, that in the first quarter of 2018-19 (April to June 2018), the GDP growth rate picked up to touch 8.2% compared with the same quarter last year (April to June...
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