-Livemint.com In economic terms, it’s around a dozen years ahead of us, but the gap is much larger when social indicators are considered The spectacular rise of China over the past few decades has no parallel in human history. The People’s Republic of China was established 70 years ago this month under conditions of economic misery. It is today the main geopolitical challenger to the US. As a result of its profound...
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'Developing Asia' is urbanising faster than rest of the world
-The Indian Express 'Developing Asia' refers to a group of 45 countries that are members of the ADB The economic outlook update released by the Asian Development Bank last week highlighted that the number of urban inhabitants in ‘Developing Asia’ has increased “almost five-fold since 1970”. The report, tracking World Urbanisation Prospects data, also states that the two-thirds of the nearly 1.5 billion additional city dwellers in the region belonged from...
More »RCEP deal would hurt dairy sector heavily, says SJM
-The Hindu Business Line Import of cheaper milk and milk products would adversely hit the livelihood of 50 million milk producers India should resist the pressure from Australia and New Zealand to include dairy sector in Regional Comprehensive Economic Partnership (RCEP) pact because import of cheaper milk and milk products would adversely hit the livelihood of 50 million milk producers in the country, Sangh Parivar-affiliated Swadesh Jagran Manch (SJM) said on Wednesday. "This...
More »Rs 80 per kg and climbing: Onion prices may not come down anytime soon, here's why! -Sindhu Chandrasekaran
-The New Indian Express Maharashtra, MP, Karnataka and AP are major producers of onions in India. These states were severely hit by the monsoon this year, which destroyed their farm produce. The prices of basic commodities like fuel and onions are skyrocketing just as the festive season is around the corner. While fuel prices hit a yearly high on the back of the ongoing tensions in the Middle East and the US-China...
More »The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
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