-The Indian Express The economic slowdown, which has been underway for almost three years now, began to adversely impact GST revenue collections in August last year. While the Centre Thursday chose to pin much of the blame for the delays on GST compensation payments to the slowdown inflicted by the pandemic, the delays preceded the Covid-19 shock by almost a year – when payments due for August-September 2019 got delayed. Since then,...
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India’s descent into stepwells of growth -Kaushik Basu
-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s growth in the coming year from -5.8% to -8.5%....
More »Explained: How marriage age and women’s health are linked -Nushaiba Iqbal
-The Indian Express PM Narendra Modi has announced a panel to fight malnutrition in young women and ensure they get married at the right age. A look at how the two are linked During his Independence Day speech, Prime Minister Narendra Modi said: “We have formed a committee to ensure that the daughters are no longer suffering from malnutrition and they are married off at the right age. As soon as the...
More »Government compromises on Pre-Legislative Consultation Policy (2014) and RTI Act to push forward mining reforms, allege civil society activists
--Press release by Mineral Inheritors Rights Association (MIRA) dated 27th August, 2020 The Ministry of Mines has put up a notice on 24th August, 2020 seeking public comments on substantial matters of reform of mineral laws, rules and regulations within a period of 10 days, i.e. 3rd September, 2020. The state governments have not yet been consulted and a 10-day period for the states to respond undermines the federal spirit of...
More »Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew
-The Indian Express “Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,” the RBI said in its Annual Report for 2019-20. The Reserve Bank of India (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take “quite some time to mend and regain” the pre-Covid momentum, as the “shock to consumption is severe” and the...
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