Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
More »Slowdown Blues: Contrary to Modi govt's aim, exports down by 6% in August; gems & jewellery lose shine -Rahul Shrivastava
-BusinessToday.in Cumulatively, the exports were down 1.53 per cent to $133.54 billion in the April-August period, while imports contracted by 5.68 per cent to $206.39 billion The depressing trends in India's trade in this financial year continue to hurt its growth story. India's exports in August dropped by 6.05 per cent to $26.13 billion compared to the August 2018 mark, as per official data released on Friday. In the first five months...
More »New traffic rules under Motor Vehicles Act: States that have put the brakes on hefty fines for violations
-The Indian Express New Traffic Rules 2019: Under the Motor Vehicles Act, 2019, heavy fines are being imposed for offences like over speeding, drunk driving and driving without a helmet. However, several states are not happy with the hefty fines and have expressed reservations on implementing the Act. The Motor Vehicles Amendment Act has waded into controversy with multiple states accusing the Centre of burdening the common man with heavy fines....
More »All about malnutrition and starvation deaths in India
-The Hindu The Supreme Court has agreed to examine a plea that starvation deaths continue to eat into the right to life and dignity of social fabric and a “radical” new measure like community kitchens need to be set up across the country to feed the poor and the hungry. A Bench led by Justice N.V. Ramana issued notice on Monday to the government on the petition filed jointly by activists Anun...
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