-IANS While there is a consensus that the economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical. The Indian economy is passing through a phase of economic slowdown, with the GDP growth registering one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the FIRst quarter of FY20 is feared to be lower than...
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Economic slump: Modi govt re-arranging furniture when house is on FIRe -Subodh Varma
-Newsclick.in Measures announced by the finance minister are mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s finance minister Nirmala Sitharaman for supposedly boosting a sinking economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...
More »IAS officer Kannan Gopinathan resigns over 'lack of freedom of expression' -SR Praveen
-The Hindu “We got into the service thinking that we can provide voice to people, but then we ended up with our own voice being taken away from us,” said the Kerala-born IAS officer THIRUVANANTHAPURAM: IAS officer Kannan Gopinathan from the AGMUT cadre, who came into the limelight for his anonymous participation in the flood relief efforts in Kerala last year, has resigned from service. The officer, who has been serving as...
More »13 States, UTs improve their water management practices -Jacob Koshy
-The Hindu Gujarat tops rankings for second time New Delhi: Thirteen of the 27 States and Union Territories have improved their water management practices from last year, an analysis by the NITI Aayog has revealed. Gujarat, though it dropped a point, topped the rankings for the second year in a row with a score of 75 out of a maximum possible 100. Six States did worse than last year — with Delhi, which was...
More »Increasing investment to stimulate growth -C Rangarajan & DK Srivastava
-The Hindu Attention needs to be paid to both cyclical and structural dimensions of India’s present economic slowdown India’s current economic slowdown is due to a combination of two underlying trends. FIRst, there is the short-run cyclical slowdown exhibited by a number of high-frequency indicators, reflecting a significant fall in demand, especially for sectors such as automobiles, consumer durables and housing. Second, there is the more serious long-term fall in investment and savings...
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