-The Hindu Business Line Bengal Finance Minister Amit Mitra says many States are financially stressed The war of words over GST compensation continued between the Centre and the State governments, with West Bengal Finance Minister Amit Mitra pointing out that the dues owed to the States and three Union Territories with Legislative Assemblies total about ?40,000 crore. Please click here to read more. ...
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The opacity around electoral bonds -Trilochan Sastry
-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
More »GDP slump will hit $5-trillion economy target, warns NITI Aayog -TCA Sharad Raghavan & Sobhana K Nair
-The Hindu The Hindu has accessed a presentation made by NITI Aayog CEO Amitabh Kant to the Standing Committee on Finance; 12.4% growth needed to achieve the figure, Mr. Kant said. The road to a $5 trillion economy by 2025 is beset with many speed breakers, the NITI Aayog has warned the government. To begin with, the think tank has said the nominal GDP growth — a measure of growth without accounting for...
More »In variance with the official growth story -R Nagaraj
-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
More »Air pollution: MPs urge govts not to blame farmers alone
-The Hindu Business Line New Delhi: The ruling and treasury benches in Lok Sabha came in one voice against portraying small and medium farmers as villains behind the air pollution in Delhi. They urged the governments to look at the main pollutants such as industries, vehicles and dust and stop putting the entire blame on farmers. Various suggestions The members were participating in a discussion on pollution and climate change here on Tuesday....
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