-The Indian Express Should data be allowed to flow freely or localised at source? As IT Ministry prepares to present data protection Bill in Parliament and countries argue at global forums, a look at both sides of the debate. The IT Ministry’s Bill on data protection is scheduled to be introduced in Parliament during the current session. Worldwide, the data flow debate is playing out at the World Trade Organisation (WTO)...
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Will digitization cause the next financial crisis? -Nikita Kwatra
-Livemint.com Digitization and militarization may aggravate the underlying structural conditions behind the Great Depression of 2008 and trigger a similarly dire crisis, says study There are warning signs that the global financial system is heading for another disaster. In a new paper, William I. Robinson of the University of California adds to these warning bells by highlighting how the rapid rise of digitalisation and new technologies could potentially hurt the global economy. In a...
More »Arvind Subramanian's GDP bombshell: Prominent economists divided over maths
-The Financial Express After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. After former Chief Economic Advisor Arvind Subramanian’s research paper re-started debate on GDP data, comments from other prominent economists have also started to pour in on the issue. While some support the analysis and call for an independent committee to...
More »The farm-factory connect -Ashok Gulati
-The Indian Express Raising farm productivity is the first step to increasing rural demand and reviving the manufacturing sector As per the last report of National Statistical Office (NSO) released on May 31, the Gross Value Added (GVA) at basic prices (2011-12 prices) for the fourth quarter (Q4) of 2018-19 has slumped to 5.7 per cent for the overall economy, 3.1 per cent for manufacturing, and -0.1 percent for agriculture, forestry...
More »India lost over Rs.90,000 crore to trade misinvoicing, says GFI report
-Livemint.com * Of the total estimated revenue losses, approximately $4 billion was due to export misinvoicing and approximately $9 billion due to import misinvoicing * Almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from China New Delhi: India lost a staggering $13 billion, over Rs.90,000 crore, to trade misinvoicing, equivalent to 5.5% of the value of the country's total revenue...
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