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2008 global financial crisis: What government overdid, or didn't do -P Vaidyanathan Iyer

-The Indian Express India bounced back from 2008 crisis thanks to stimulus packages, but faltered by letting these continue. And it still has a long way to go in ensuring greater coordination between govt and financial regulators. India did not have a rulebook to refer to a decade ago when it was hit by a seismic shock with its epicentre some 12,500 km away. In the initial days post the Lehman collapse...

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Fuel prices hiked again; petrol now costs Rs. 86.91/litre in Mumbai -Piyush Pandey

-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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Pronab Sen, former Chief Statistician of India, interviewed by TCA Sharad Raghavan

-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...

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15 August: Freedom from Hunger? -Subodh Varma

-Newsclick.in Food grain availability for Indians has increased by just 3.3% since 1961. On this 72nd Independence Day of our India, while there will be the usual speeches and festivities, spare a thought to this shocking bit of news: average availability of food grains for every Indian has increased by 3.3% since 1961. Food grains includes wheat, rice, other cereals and pulses. Among these, per person availability of pulses has actually declined...

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Govt hikes import duty on 32 types of textile goods

-The Times of India NEW DELHI: The government on Tuesday raised import duty on several textile products, including garments, scarves and carpets, as part of its plan to protect domestic manufacturers and support the ‘Make in India’ initiative. The tariff hike on 32 product categories comes after recent increases across several sectors, from mobile phone to TV sets and toys. A few weeks ago, the government had increased import duty on some...

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