-Hindustan Times Covid-19 cases had risen in Europe for the fifth consecutive week, making it the only world region where the infections are still increasing, WHO's headquarters in Geneva said on Wednesday. As many as 53 countries in Europe and Central Asia face the “real threat” of a resurgence of the coronavirus pandemic in the coming weeks or are already battling a new wave of infections, exacerbated by the more transmissible Delta...
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Excise duty relief on petrol, diesel to cost ₹45,000 cr to exchequer: Nomura
-PTI/ Livemint.com Nomura expects India's fiscal deficit to come at 6.5 per cent as against the earlier expectation of 6.2 per cent and underlined that it will still be lower than the budgeted 6.8 per cent target The excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3 percentage point widening on the Centre's fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption,...
More »Nine Police Personnel Found Responsible for Inaction in 2002 Encounter: UP Tells SC
-PTI/ TheWire.in The case pertains to the alleged encounter that had taken place in the Bulandshahr district of Uttar Pradesh in 2002 New Delhi: The Uttar Pradesh government has told the Supreme Court that nine police personnel, including five inspectors, have prima facie been found to be responsible for the delay and inaction regarding service of court processes in a matter relating to the alleged encounter of a man by the police...
More »How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »India’s Coal Crisis -CP Chandrasekhar
-NetworkIdeas.org In recent weeks the media have featured stories bordering on the alarmist about a coal shortage in India. Coal inventories with thermal power plants had fallen to levels at which major country-wide power outages seemed inevitable. Fortunately, that has not (as yet) materialized, but it is indeed true that coal inventories with the power producers did collapse from the equivalent of around 30 days requirement to that for a couple...
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