-The Tribune Village-Level Entrepreneur reported data theft to authority, no one took heed Jalandhar: Thirty-two-year-old Bharat Bhushan Gupta is the man who reported the matter of illegitimate Aadhaar data access to The Tribune, which was followed up by the paper with an investigation of its own, aided by this whistleblower. However, he had first attempted to take an even more appropriate channel, approaching the UIDAI. The Jalandhar-based Village-Level Entrepreneur (VLE) was on December...
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Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »Cong smells farm tax
-The Telegraph New Delhi: The Congress today alleged that the Narendra Modi government was testing the waters on bringing agricultural income within the tax ambit and declared its intention to build a movement of farmers if the idea was implemented. "This government is harassing industrialists, traders, students, political rivals... only one section of the society was left, that is farmers," Congress leader Ghulam Nabi Azad said. "The statements coming from important people in...
More »Drought not the culprit, ryots died due to illness, committed suicides for personal reasons: TN -Krishnadas Rajagopal
-The Hindu The State, in an affidavit perused by Supreme Court on Friday, said it received information about the causes of farmers' deaths through reports collected from Collectors. The Tamil Nadu government on Friday blamed heart attacks, illness, and “in certain cases”, suicides for deaths of its farmers reeling under severe drought. The State, in an affidavit perused by the Supreme Court on Friday, said it had received information about the causes of...
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