-South Asia Network on Dams, Rivers and People (SANDRP) Bharudpura dam (also called Karam dam) on Karam river, a tributary of Narmada river, near Gujari village in Dharampuri Tehsil of Dhar district of Madhya Pradesh faced major disaster after the very first filling in August 2022 when there was seepage from and massive erosion of the dam wall starting from Aug 11, 2022. The disaster at the Rs 304.44 crore project...
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Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Centre, RBI bid to curb inflation
-The Telegraph Food prices, which account for nearly half of the consumer price index basket, softened last month The finance ministry and the Reserve Bank of India (RBI) are in discussions on the inflation trajectory amid the easing of global commodity and crude oil prices. A Reuters poll of economists forecast retail inflation at a five-month low in July at 6.78 per cent. But it is still above the RBI’s upper threshold...
More »CAG raises concerns over Centre’s ballooning debt, interest burden
-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...
More »Audit lays bare numerous breach of India’s coastal regulations -GS Mudur
-The Telegraph Jail and racetrack on beach bully list New Delhi: An audit has identified dozens of public and private projects that have breached India’s coastal regulations — beach resorts, ports, roads, a racetrack, and even a jail near an Olive Ridley turtle nesting site. The exercise by the Comptroller and Auditor General (CAG) has flagged deficiencies in the Union environment ministry’s project approval mechanisms and lapses by state coastal regulatory authorities that...
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