-The Hindu The former RBI Governor says even if India became a $5 trillion economy by 2025, it would retain the same classification as its population would have touched 1.4 billion If the government wanted the economy to grow fast then it should act on savings and investment rates, said C. Rangarajan, former governor of Reserve Bank of India. He was speaking at the inauguration of a two-day international conference on contemporary practices...
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IIT-Madras, Delhi University, three others get Institution of Eminence status
-The Hindu “Orders have been issued to five public institutions including IIT-Madras, IIT-Kharagpur, DU and University of Hyderabad, declaring them as IoEs,” Union HRD Minister Ramesh Pokhriyal Nishank said. New Delhi: The Human Resource Development Ministry has awarded the status of Institute of Eminence to the IIT-Madras, the IIT-Kharagpur, Delhi University, Benares Hindu University and the University of Hyderabad, said an official statement. Four private universities — the Vellore Institute of Technology, Amrita...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »How should students react when a minister makes a big deal of fake history
-The Telegraph The Union HRD minister says the Himalaya protects India from pollution, while Himalayan states struggle with trash Why did the students clap? That is, why did the chicken cross the road? To get to the other side obviously. Like the students at the 65th convocation of the Indian Institute of Technology, Kharagpur, who were subjected to the priceless nuggets of knowledge that dropped from the lips of the Union human...
More »Is the current slowdown cyclical or structural? -Deepti Mathew
-IANS While there is a consensus that the economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical. The Indian economy is passing through a phase of economic slowdown, with the GDP growth registering one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the first quarter of FY20 is feared to be lower than...
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