-The Economic Times NEW DELHI: Crop planting this kharif season has so far covered 4.16% more area than a year ago while water levels in the country's 91 major reservoirs are on an average 17.09% higher, show official data. From the beginning of the kharif season in June till September 2, crop planting has covered 1,054.49 lakh hectares, close to the kharif season target of 1,062.50 lakh hectares, according to data...
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The great GDP fudge -Jairam Ramesh
-The Indian Express Same data, opposite conclusions, Dr Subramanian? “I am puzzled by the new GDP growth numbers. This is mystifying because these numbers, especially the acceleration, are at odds with other features of the macro Economy. Import of goods declined. typically growth booms are accompanied by surges in imports not declines… similarly, real gross capital formation declined”. This was the chief economic advisor (CEA) Arvind Subramanian in an interview to the...
More »1.4 million lives lost in India due to air pollution in 2013: Study -Atul Thakur
-The Times of India India lost 1.4 million lives to air pollution in 2013, while in China the toll was 1.6 million, estimates a World Bank report released on Thursday. The report, released by the World Bank and the Institute for Health Metrics and Evaluation, shows that in 2013 more than five million deaths worldwide were attributed to health conditions caused by air pollution. About 60% of them were in the world's...
More »The foreign hand isn't enough -Alex M Thomas
-The Hindu The pursuit of full employment of labour cannot primarily rely on domestic private investment, much less FDI. Only public investment will steady us in the long run. We are increasingly told that the inflow of capital — particularly the foreign direct investment (FDI) variety — increases employment levels and contributes to economic growth. In a rare interview given to The Wall Street Journal in May, Prime Minister Narendra Modi reinforced...
More »The gap between rich and poor States -Praveen Chakravarty & Vivek Dehejia
-The Hindu India is the only large country that is experiencing an economic divergence among its States. “Real freedom lies in economic freedom,” said Tamil Nadu Chief Minister Jayalalithaa, in her Independence Day speech this year. The subtle reference here was to the Goods and Services Tax (GST) Bill, which her party, the All India Anna Dravida Munnetra Kazhagam, did not endorse, the only political party to do so in Parliament, on...
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