-The New Indian Express Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21. NEW DELHI: The Comptroller and Auditor General (CAG) of India have raised concern over increasing Central government debt as several indicators gauging the sustainability of debt have turned unfavourable since 2015-16. The CAG in...
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Freebies: Uttar Pradesh, Maharashtra are among top-2 states with highest liabilities
-Livemint.com A PIL said that Indian states have outstanding liabilities of ₹59,89,360 crore as of March 31, 2021 A PIL has been filed in the Supreme Court against freebies by state governments. As per the petition, the Indian states have outstanding liabilities of ₹59,89,360 crore as of March 31, 2021, and new sources of risk have emerged in the form of rising expenditure on non-merit freebies. Among the Indian states, Uttar Pradesh and...
More »Amidst Outrage, Karnal RATion Distributor's Licence Suspended for 'Forcing' Sale of Tricolour
-TheWire.in Reports had emerged earlier on Wednesday that a local RATion depot licence holder was withholding RATions from card holders who did not buy a Rs 20 national flag from the depot. New Delhi: A RATion distributor in Haryana’s Karnal district had his licence suspended on Wednesday, August 10 after he was found to be withholding RATions from people who didn’t buy a Rs 20 national flag from the RATion depot as...
More »Why India doesn’t need palm oil but its greener alternatives -Bhavani RV and RS Vaidyanathan
-Down to Earth blog Palm oil is water-intensive and requires large patches of land India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage and high price are often in the news. Palm oil production grew between 2015-2016 and 2020-2021 at a compound annual growth RATe of 6.1 per cent,...
More »Macrovariable projections in uncertain times -Arun Kumar
-The Hindu International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments The Fed has raised its benchmark interest RATe again by a whopping 0.75%. The Reserve Bank of India has also been forced to raise interest RATes further but also take other steps. These decisions in the Monetary Policy Committee (MPC) meeting are based on what the members of the MPC see as the likely...
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