-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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Sowing hopes
-The Hindu Business Line The AASHA scheme promises better returns on crops, but implementation is the key With the decades-old minimum support price (MSP) system failing to address the crisis at the farm gate, the three schemes that are a part of AASHA – the Price Support Scheme (PSS) itself, the Price Deficiency Payment Scheme (PDPS) and the Pilot of Private Procurement and Stockist Scheme (PPPS) – point to an innovative, MSP-plus...
More »India to Pay Additional Rs 68,500 Crore as Foreign Debt Due To Rupee Fall
-News18.com The Indian Rupee has lost more than 11 percent to the dollar this year. The rupee fell past 72 per dollar to a record low on Thursday. New Delhi: With the Indian rupee sinking to record levels against the dollar, the Centre has yet another mega expenditure to cater to – foreign debt. At the current rate, India will have to shell out an additional Rs 68,500 crore, according to...
More »Delhi govt to give 10% discount on common mobility card for bus rides -Vatsala Shrangi
-Hindustan Times The Delhi government had launched the common mobility card service on August 25, enabling commuters to pay bus fares through their Metro cards. New Delhi: The Delhi government plans to give 10% discount to the users of newly launched common mobility card in all state-run buses. The transport department will put up the proposal before the Cabinet within a week. The move is aimed at encouraging more passengers to use...
More »Fuel prices hiked again; petrol now costs Rs. 86.91/litre in Mumbai -Piyush Pandey
-The Hindu The falling Indian rupee will make oil imports costlier and lead to a rise in fuel prices Mumbai: After holding on for a day, the State-owned oil marketing companies (OMCs) again increased the price of petroleum products such as petrol and diesel in the country on Thursday. The prices of petrol and diesel touched a new high on Thursday with Mumbai paying the maximum among the four metros. While petrol costs...
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