-Scroll.in The company said higher taxes in the GST system had forced it to increase prices. It caused consumer demand to fall. Biscuit maker Parle Products Private Limited on Tuesday said it may lay off almost 10,000 employees if the demand slowdown continues, The Economic Times reported. “We have sought reduction in the Goods and Services Tax on biscuits priced at Rs 100 per kg or below, which are typically sold in...
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India's economy is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon
-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for...
More »Planting forests no panacea for the climate crisis: IPCC -Tarun Gopalakrishnan
-Down to Earth The IPCC’s Special Report on Climate Change and Land says land-based carbon sinks are not limitless The carbon cycle is classically described in terms of ‘sources’ and ‘sinks’ of emissions. The electricity sector, which converts fossil fuels into light and heat, is a source (as are most human activities since the dawn of the industrial age). Identifying sinks is trickier. We know that, as a general principle, more forest cover...
More »Will Punjab and Haryana HC's recommendations reduce farmers' burden? -Rajeev Khanna
-Down to Earth The court’s suggestions, like making MSP a legal right and increasing it to thrice the cost of production, are practical but need effort in implementation, say experts The Punjab and Haryana high court recently recommended that minimum support price (MSP) be made farmers’ legal right and it be set at three times the cost of production. But will these or a slew of other measures the court suggested address...
More »The makings of a digital kleptocracy -Reetika Khera
-The Hindu When data is monetised, as the Economic Survey advocates, it becomes toxic and harms public interest Last year, I was denied information requested under the Right to Information Act (RTI) 2005. I had sought the names of agencies empanelled by the Unique Identification Authority of India for an “image makeover” and the expenditure on it. It was denied by invoking the exemption clauses of Sections 8(d) and 8(j), respectively, i.e....
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