-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
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Decline in Homeless Population: Census Data
As the country celebrates 68th anniversary of her independence this year, recent data from the Census 2011 reveals that the population of homeless declined by 8.8% between 2001 and 2011 to reach 17.7 lakhs. This means that 4.5 lakh households (of average household size 3.9) still do not have any shelter to sleep safely. Although the percentage share of homeless in total population is miniscule (i.e. 0.15%), in absolute numbers...
More »Cycles congest roads: traffic cops-Sayantan Bera
-Down to Earth Kolkata police justify ban on non-motorised transport in the city IN RESPONSE to a public interest petition against the ban on cycles in the city, Kolkata traffic police have said there was an urgent need to restrict the movement of non-motorised transport (NMT) to prevent traffic congestion. The petition was filed at the Kolkata High Court by cyclists and activists in January this year. "Kolkata police have been continuously and...
More »Heat islands pose serious threat to Delhiites' health -Jayashree Nandi
-The Times of India NEW DELHI: Localized air pollution, posing an environmental and health challenge, has been linked to the presence of 'heat islands' in Delhi - pockets which are significantly warmer than their surroundings. A study of these localized 'hot spots', compiled after a controversy over a Delhi versus Beijing pollution scare, revealed that vehicular congestion in conjunction with highly built-up areas is creating worrying levels of pollution, affecting a significant...
More »Impose 30% cess on diesel cars, panel tells Supreme Court -Dhananjay Mahapatra
-The Times of India NEW DELHI: Senior advocate Harish Salve startled the Supreme Court on Monday by presenting a report which established a direct link between death of 3,000 children annually in Delhi to the increased pollution level attributable mainly to more diesel cars on the roads. Salve said subsidized diesel price was almost at par with CNG, leading to a massive increase in sale of diesel cars. As a result, emissions...
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