-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The first budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...

-The Telegraph The commerce ministry has also formed a committee to address the concerns of stakeholders on the draft e-commerce policy The government plans to come out with a draft national retail policy in the next 10 days amid strong opposition among small traders over the rapid expansion of online retail, led by multinationals, even as they grapple with the computerisation of their operations. The commerce ministry has also formed a committee to...

-Hindustan Times The global population could reach its peak around the end of the current century, with an estimated population of 11 bn, according to the UN report. New Delhi: The world’s population will increase to 9.7 billion by 2050, going up by 2 bn from the earlier 7.7 bn, shows a new United Nations report launched on Monday. The global population could reach its peak around the end of the current...

-Livemint.com * Of the total estimated revenue losses, approximately $4 billion was due to export misinvoicing and approximately $9 billion due to import misinvoicing * Almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from China New Delhi: India lost a staggering $13 billion, over Rs.90,000 crore, to trade misinvoicing, equivalent to 5.5% of the value of the country's total revenue...

-PTI In western region’s 27 major reservoirs, it is down to 11% of the total capacity. New Delhi: Water storage in reservoirs of most States of west and south India has dipped to less than the average of last 10 years, the Central Water Commission (CWC) said, indicating a worsening water crisis. According to the Commission, “The water storage available in 91 major reservoirs of the country for the week ending on May...