-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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Not measure for measure -Uday Balakrishnan
-The Hindu With a plethora of government departments and international organisations putting out so much statistical data in the public space, often contradicting one another, it is the government's duty to clear the air with up-to-date and coherent statistical data linking social and economic indicators Purchasing Power Parity or PPP has validated a long held surmise that the poorer countries are not as badly off as they are made out to be...
More »New Shame: Modern Slavery Thriving in India
Far from being dead and gone, slavery exists in many forms and is flourishing. A disturbing report on modern slavery compiles facts and figures and documents data about new forms of slavery all over the world. Even more disturbing is the fact that India figures in very high on slavery index. It says that almost 61% of those living in modern slavery are in 5 countries: India, China, Pakistan, Uzbekistan...
More »India is now the world’s slave capital: Global Slavery Index 2014 -Kounteya Sinha
-The Times of India LONDON: With over 14.2 million in India being involved in forced labour and being victims of trafficking - for sexual exploitation and forced marriage, the country is home to the largest number of people trapped in modern slavery. Globally, 35.8 million people are enslaved across the world. Of them, 23.5 million people are in Asia, two-thirds of global total in 2014 (65.8%). The Global Slavery Index 2014 announced...
More »India’s draft road safety bill focuses more on penalty and technology -Ruchita Bansal
-Down to Earth Death and injury prevention get little attention To address the problem of road safety, the Union Ministry of Road Transport and Highways (MoRTH) has published a draft Road Transport and Safety Bill for public comments and suggestions. If passed by Parliament, it would replace the existing Motor Vehicles Act of 1988. While the bill should be aiming for zero mortality, it has set a target to save 200,000 lives in...
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