-Livemint.com An effective mass transit system for India’s large urban agglomerations can flourish only with adequate financing of buses, metros, and suburban rail Among the several services that haven’t been able to keep up with the exponential growth of Indian cities is public transportation. As transit is integral to living in cities, residents have resorted to purchasing private vehicles to get around, adding to an already-severe congestion crisis in our cities. The solution...

-Newsclick.in Data confirms an acute demand crisis in rural India and beyond. Finance Minister Nirmala Sitharaman’s latest statement on millennials contributing to the auto industry slowdown by shifting their preferences—choosing Ola or Uber ride-booking services instead of buying cars—is feeding many a meme on social media. Even before her statement, sections of industry and the banking sector had been pushing this argument. Not just private banking giants, such as Uday Kotak, but even...

-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...

-Livemint.com Contrary to?perceptions that auto slowdown is driven by changing millennial preferences, data shows that millennials, in fact, do want to purchase?cars Through a dedicated booklet (100 Days of Bold Initiatives and Decisive Actions) and press conferences across the country, the Bharatiya Janata Party (BJP) has launched a publicity blitz celebrating its achievements in the first 100 days of its return to power. But are the BJP’s claims and promises grounded in...

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...