-The Hindu The inflows during 2020-21 have not Been in sync with the Government’s priorities for economic recovery In an otherwise gloomy economic scenario, one area of cheer for the Government has Been the numbers on inflows of foreign direct investment (FDI). In a recent press release, the Ministry of Commerce and Industry announced that “India has attracted highest ever total FDI inflow of U.S.$81.72 billion during the financial year 2020-21 and...
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The Great Petro Robbery - Subodh Varma
-Newsclick.in Modi government has Been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources. Since the prices of petroleum products were deregulated some years back and supposedly “linked” to markets, the central government has weaponised this to simply impose an indirect tax burden on the people. Take the four big metros: Delhi, Mumbai, Kolkata and Chennai. On an average, petrol prices have increased from...
More »Early floods in Bihar after heavy rainfall in catchment areas of Gandak in Nepal -Mohd Imran Khan
-Down to Earth Bihar usually gets heavy rains in July and August; floods in June are an unusual occurrence, experts said Several villages have Been flooded after 3-4 days of early monsoon rains in the catchment areas of the Gandak and Burhi Gandak rivers in Nepal and north Bihar. Affected districts include West Champaran, East Champaran, Gopalganj and Muzaffarpur. Other rivers including the Bagmati, Koshi, Kamla Balan, Bhuthi Balan and Ghaghara are also...
More »Why the Haryana Govt Must Not Evict One Lakh Residents of Khori Gaon -Manju Menon and Ishita Chatterjee
-TheWire.in It is very important that a full plan is created to address this crisis while keeping twin objectives of forest conservation and social housing at its centre. On June 7, Supreme Court reiterated its order of February and April 2020 to evict the Khori Gaon basti on the Delhi-Haryana border, falling within the Faridabad Municipal Corporation (FMC) jurisdiction. The eviction orders are premised on a set of cases heard in the...
More »Indians' funds in Swiss banks climb to Rs 20,700 crore, highest in 13 years
-PTI/ IndiaToday.in 'Other amounts due to customers' from India rose over six times Overall, customer deposits in all Swiss banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as 'black money' New Delhi/ Zurich: Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over...
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