-Business Standard The Commission says incentives for states will be decided, among others, by "control or lack of it in incurring expenditure on populist measures" New Delhi: States offering debt waivers or slipping on centrally funded programmes, such as Swacch Bharat, could get penalised, according to the terms set for the 15th Finance Commission. The terms of reference of the Commission, set up by the central government this week, makes these conditions...
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Turning the corner -Ajit Ranade
-The Hindu The next few quarters call for focus on consumption, private investment, agriculture and exports There was a collective sigh of relief when the second quarter GDP data were released officially by the Central Statistics Office (CSO). The government folks were relieved that a declining trend of four consecutive quarters of growth had finally been reversed. The forecasters and economists were relieved that the announced data had mostly conformed to their expectations....
More »UP Civic Elections: How BJP Has Actually Lost The Battle -Subodh Varma
-Newsclick.in The ruling party has won just 18% of municipal council wards and 12% of municipal panchayat wards. Contrary to the euphoria being exhibited by the mainstream media and BJP, results of the UP civic body elections are not a one sided victory of the ruling BJP. If anything, these results coming so close to the state Assembly elections held earlier this year, show the rapid disenchantment taking place with the BJP...
More »Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's Economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The Economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of...
More »GDP: The slide stops with 6.3% growth but old problems remain -Sanjiv Shankaran
-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the Economy is still struggling. A comparison of the...
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