-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...
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Narmada dam: Public finance, public play -Sudeep Chakravarti
-Livemint.com For the people of India and their “faith” in the Sardar Sarovar dam, it’s really a matter of public finance Optics is as air for politicians. It is no different for Prime Minister Narendra Modi and what is commonly known as the Narmada Dam. But even air can sometimes get dense with rhetoric. On 17 September, Modi inaugurated the Sardar Sarovar Dam, the largest project of the Narmada, or Sardar Sarovar Project,...
More »With Prices Rising Post-GST, Has the Government Taken the Public for a Ride? -Arun Kumar
-TheWire.in The Goods and Services Tax (GST) is awfully complex and has confused not only businesses and the public, but also the government. Have prices of goods and services risen because the implementation of the Goods and Services Tax (GST) is faulty or because it was not designed properly? Eighteen percent GST is levied on the food in a restaurant. This has raised the cost of eating out. Is this what was...
More »Note Ban, GST have adversely affected India's GDP growth: Manmohan Singh
-IANS The former prime minister said both demonetisation and GST have impacted the informal sector, which accounts for 90% of employment. New Delhi: Both demonetisation and GST have affected India’s gross domestic product (GDP) growth adversely, former Prime Minister Manmohan Singh said on Monday. “Both demonetisation and GST have had some impact on GDP,” Manmohan Singh, who has earlier said the Indian economy has been running on only “one engine” of public spending,...
More »Do the maths: India's first bullet train isn't 'free of cost' as Modi claims -MK Venu
-TheWire.in/ Business Standard Over 50 years, the loan repayment value will be much higher based on the inflation differential Prime Minister Narendra Modi has claimed the bullet train offered to India by Japan is virtually free of cost. A 50-year yen loan amounting to Rs 88,000 crore at 0.1 % interest is being described by the prime minister as free of cost. This is patently absurd. India can have as many bullet trains...
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