-The Telegraph New Delhi: Former Prime Minister Manmohan Singh today directly linked the slowdown in growth to demonetisation, pointed out that private investments had almost dried up and expressed deep concern over a jobs crunch. The most authoritative Opposition voice on the economy was speaking at the Congress Working Committee meeting, five months after describing demonetisation as "organised loot and legalised plunder" and warning that growth would be severely affected. "India's GDP numbers...
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World Environment Day: Despite increasing green cover, India is losing its forests -Malavika Vyawahare
-Hindustan Times Between 1880 and 2013 India lost about 40% of its forest cover. Today, 24% of its area is under forests or 7 lakh sq km, according to government data. The area under forest and tree cover has grown by 5,081 sq km between 2013 and 2015. “Do not erect a memorial when I die, but plant a tree if you loved and respected me,” Union environment minister Anil Madhav Dave...
More »Farm loan waivers by states might hit Rs 2,57,000 crore by 2019 elections: BofA-ML Report
-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
More »India has 31% of world's Poor kids: report
-The Hindu Of the country’s 217 million children, nearly 50% endure multidimensional poverty, says Oxford survey About 31% of the world’s “multidimensionally Poor” children live in India, according to a new report by the Oxford Poverty and Human Development Initiative (OPHI), a poverty reduction project grounded in economist Amartya Sen’s ‘capability approach’. “In terms of countries, fully 31% of the 689 million Poor children live in India, followed by Nigeria (8%), Ethiopia (7%)...
More »Law Commission moots easier bail for Poor
-The Telegraph New Delhi: The Law Commission has urged the government to amend the Criminal Procedure Code to make it easier for Poor and illiterate accused to secure bail, and against "reasonable" bonds. It has stressed that the rich tend to receive bail easily in the country whereas the Poor are denied bail outright or are set bail bonds that are beyond their ability to pay. It has also highlighted that over 70...
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