-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »Growth of eight core sectors at 2.1% in July, down from 7.3% last year: Govt data
-The Indian Express The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year. During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period the previous year. Growth of eight core industries slowed down to 2.1 per cent in July as against 7.3 per cent...
More »Will foreign companies now 'loot' India's coal? -Abir Dasgupta & Paranjoy Guha Thakurta
-Newsclick.in Allowing 100% FDI in coal mining is raising apprehensions that foreign companies will now ‘plunder’ mineral resources for commercial purposes for sale in the open market. The Narendra Modi government’s decision to allow 100% foreign direct investment (FDI) in coal mining has been opposed by the Left on the ground it would enable multinational mining companies to “plunder” the country’s mineral resources. Those supporting the move, however, argue that foreign investment in...
More »coal-based power makes India top global SO2 emitter: Greenpeace -Vishwa Mohan
-The Times of India NEW DELHI: Sulphur dioxide (SO2), a significant contributor to air pollution, may be within the national ambient air quality standard in all major cities in India, but the country is the largest cumulative emitter of this pollutant in the world and thus prone to being a victim of a cocktail of several toxic air pollutants. As a reactive pollutant, SO2 reacts with other air pollutants to form sulphate...
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