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Agrarian, liquidity crisis weigh on India consumption story -Harsha Jethmalani and Pallavi Pengonda

-Livemint.com As we enter the new year, investors will do well to factor in a moderation in consumption demand due to the liquidity crisis and farm distress Analysts are getting increasingly wary about the outlook for consumption demand, even though investors are brushing aside these risks for now. In its 2019 India outlook, Credit Suisse said it would prefer investment-related stocks over consumption-focused ones in the coming year. The brokerage expects sharp...

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Traders, MSMEs saw 3.5 mn job losses due to Note Ban, GST, other factors -TE Narasimhan & Gireesh Babu

-Business Standard Among various solutions, AIMO pushed for the supply of raw materials such as steel and aluminium to MSMEs at a lower subsidised cost Chennai: The TMSME (Traders, micro, small and medium enterprises) sector has seen a loss of around 3.5 million jobs in the past 4.5 years, according to a survey conducted by the All India Manufacturers Organisation (AIMO). Demonetisation and the goods and services tax (GST) are the main...

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An invitation to corruption? -Suhrith Parthasarathy

-The Hindu The Electoral Bond Scheme inhibits the citizen’s capacity to meaningfully participate in political and public life Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the programme’s failings have been so blindingly obvious, and its consequences so utterly devastating to rectitude and transparency in government, that even O.P. Rawat, who just retired Chief Election Commissioner, thought...

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Law on medical devices has waited 12 years -Ritu Sarin

-The Indian Express NITI Aayog meeting notes it will bring in ‘more control, curb growth’ New Delhi: Successive governments in India have neglected the medical devices sector. For over 12 years, a proposed legislation, the Medical Device Regulation Bill, has awaited enactment. Advertising The Bill was first drafted in 2006 when the UPA was in power. It was never legislated. Under the NDA, a Group of Ministers (GoM) was constituted under Finance Minister Arun...

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Agriculture ministry withdraws report that said demonetisation adversely affected farmers

-Scroll.in The ministry has issued showcause notices to three of its senior officials for submitting the report before Agriculture Secretary Sanjay Agarwal could vet it. The Ministry of Agriculture has withdrawn a report that said demonetisation affected millions of farmers in the country. The ministry cited a “compilation error” to justify the withdrawal and submitted a new report that says farmers did not face any “adverse impact” as a result of the...

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