-The Hindu How Tiruppur, India’s knitwear hub, is now weaving a green cover for the entire district We moved this tree 15 km on a truck along the stretch between Avinashi and Avinashipalayam.” V. Mahendran points to a hulking tree trunk. “The operation took us nine hours. Even with its branches and most of its canopy chopped off, it weighed more than 40 tonnes.” We are at the Tiruppur Collectorate, and Mahendran,...
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Quality of spending comes under radar as fiscal draws to a close -Surabhi
-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...
More »Utsa Patnaik, professor emeritus at Jawaharlal Nehru University, interviewed by TK Rajalakshmi
-Frontline.in Interview with Utsa Patnaik, professor emerita of economics, Jawaharlal Nehru University. By T.K. RAJALAKSHMI THE FALLOUT of the decision of the National Democratic Alliance government to demonetise currency of higher denominations has been felt across all sections of people. There are concerns that it will lead to an overall economic slowdown given the acute shortage of currency for industrial and agricultural operations. The impact on agriculture and those dependent on agriculture...
More »M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)
-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...
More »Kerala declared drought-hit; water level in dams falls by 40 per cent
-Down to Earth All the 14 districts of the state are facing severe water scarcity The Kerala government today declared drought in all the 14 districts of the state after experiencing a sharp dip in rainfall during the southwest monsoon. The districts are facing severe water scarcity. While making the announcement in the state assembly, the Minister for Revenue, E Chandrasekharan, said that even 100 per cent rain over the next...
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