-The Hindu The only way out for public policy for environmental damage is to place strong emphasis on individual and social cost of inaction Residents in the already polluted Capital experienced something of a turning point on Diwali. The belaboured, particulate-loaded air was further bombed with firecrackers. Some described the scene as a war zone with active shelling. People were angry not only because they could not physically breathe, but also because...
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How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »Sikkim the best place to work for women, Delhi at bottom of list: Report
-PTI Washington: Tiny northeastern state of Sikkim has the best working conditions for women, while national capital Delhi fared the lowest, according to a report. The report released by the Centre for Strategic and International Studies (CSIS), a top American think-tank, and Nathan Associates, gave Sikkim the highest possible 40 points while Delhi received just 8.5. The states were ranked according to four primary factors -- legal restrictions on women’s working hours in...
More »The great GDP fudge -Jairam Ramesh
-The Indian Express Same data, opposite conclusions, Dr Subramanian? “I am puzzled by the new GDP growth numbers. This is mystifying because these numbers, especially the acceleration, are at odds with other features of the macro economy. Import of goods declined. typically growth booms are accompanied by surges in imports not declines… similarly, real gross capital formation declined”. This was the chief economic advisor (CEA) Arvind Subramanian in an interview to the...
More »The gap between rich and poor States -Praveen Chakravarty & Vivek Dehejia
-The Hindu India is the only large country that is experiencing an economic divergence among its States. “Real freedom lies in economic freedom,” said Tamil Nadu Chief Minister Jayalalithaa, in her Independence Day speech this year. The subtle reference here was to the Goods and Services Tax (GST) Bill, which her party, the All India Anna Dravida Munnetra Kazhagam, did not endorse, the only political party to do so in Parliament, on...
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