-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
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Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
More »A milestone in greater transparency, accountability -Madan Lokur
-The Hindu The launch of the Jan Soochna Portal in Rajasthan is a vital cog in access to the right to information The Jan Soochna Portal (JSP) launched by the government of Rajasthan yesterday is a remarkable achievement in furtherance of the right to information (RTI) — especially Section 4 of the RTI Act — that deals with proactive disclosure of information. Transparency must be accompanied by accountability, and that is where...
More »NCR gets functional plan for micro, household enterprises
-The Hindu National Capital Region Planning Board also released regional plans for 7 districts The National Capital Region Planning Board (NCRPB) on Friday released the functional plan for micro and household enterprises in the NCR that aims to boost micro, small and household enterprises, and approved regional plans for seven districts. Addressing the NCRPB Board meeting, Union Housing and Urban Affairs Minister of State (independent charge) Hardeep Singh Puri told NCR States to...
More »Govt should take CMs' views for Finance Commission's reference terms: Manmohan
-PTI Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds for defence and internal security. New Delhi: Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers' views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and...
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