-IANS While there is a consensus that the economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical. The Indian economy is passing through a phase of economic slowdown, with the GDP growth registering one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the first quarter of FY20 is feared to be lower than...
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Auto sector slowdown hits scrap dealers, micro units in Coimbatore -M Soundariya Preetha
-The Hindu Production in foundries supplying castings to the automobile industry has dropped considerably In Coimbatore, where a large number of industrial units and foundries are working in the automobile sector, the slump in vehicle demand is impacting several businesses indirectly. A micro industry with just two CNC machines, doing job work, used to earn nearly ?10,000 a week from selling scrap. This income has reduced steeply in the last couple of months...
More »Focus turns to domicile laws, land, jobs in proposed Union Territories of Jammu and Kashmir, Ladakh -Peerzada Ashiq
-The Hindu Pandits, Dogras and Buddhists demand maintenance of current population status, rights over land With the revoking of the special status of Kashmir, Pandits, Dogras and Buddhists have made separate demands for domicile laws in the proposed Union Territories of Jammu and Kashmir and Ladakh. The reasons they cite include the need to maintain the current population status, ensuring jobs for local people and the rights over land use. BJP State spokesman...
More »What happened to poverty during the first term of Modi? -Himanshu
-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant investment and exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...
More »Underfunding, misleading claims: The story of MGNREGA in New India -Debmalya Nandy
-Down to Earth Govt has made tall claims on NREGA implementation; but it is neither keen on providing dignified wages nor allocating adequate funds for the scheme The Union Budget for 2019-20 ignored issues of social security and employment and did not show any intent to boost rural India. The Budget tabled by Nirmala Sitharaman on July 5, 2019 was a disappointment for 13 crore rural households dependent on the Mahatma Gandhi...
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