-The Telegraph Overall current account deficit in July rises to $21.04 billion (merchandise and services), commerce ministry reports on Friday Mumbai: Reserve Bank of India deputy governor Michael Patra has tried to soothe concerns about the anticipated surge in India’s current account deficit, suggesting that the country will not be roiled by a crisis if the CAD climbed to anywhere between 2.5 and 3 per cent of GDP. “Our experience has been that...

-The Tribune Rebuild agriculture to make it future-ready With Green Revolution having outlived its utility, it’s time to move to the next stage. The 75th anniversary of Independence provides an excellent opportunity to rethink and redesign the road map. This will call for moving away from the economic thought that has always relied on sacrificing agriculture for the sake of industry. The focus has to be on making the village the hub...

-CounterCurrent.org According to a NITI Aayog recent report titled ‘India’s Booming Gig and Platform Economy’ India’s gig workforce, estimated to be at 77 lakh in 2020-21. It is expected to go up to 2.35 crore by 2029-30. Gig worker are defined by Niti Aayog as those engaged in livelihoods outside the traditional employer-employee arrangement. Gig workers can be broadly classified into platform and non-platform-based workers. Platform workers are those whose work...

The transport sector is important for the smooth functioning of an economy. The supply chains for various products and by-products (both domestically as well as internationally) can work efficiently only if the transportation of raw materials and inputs, and final goods and commodities takes place without disruption.   Due to economic growth, India’s annual CO2 (i.e., carbon dioxide) emission has expanded from 1.19 billion tonnes in 2005 to 2.44 billion tonnes...

-TheWire.in A lack of financial incentives, absent policy-making and an unorganised trucking industry have stalled progress. Last year, at COP26, India pledged to achieve net-zero greenhouse gas emissions by 2070. The transportation sector is responsible for nearly 14% of India’s total greenhouse gas emissions. It is also the fastest-growing greenhouse gas emission sector in India. Road transport, in particular, accounts for over 90% of transport emissions in the country. Therefore, to achieve the...