-The Indian Express A change in definition is expected to improve their ease of doing business and help create more jobs. It has been reported that the government will soon change the way it defines the micro, small and medium enterprises (MSMEs). “We will have one meeting and then finalise it (changes to MSME definition),” Union Minister Nitin Gadkari told news agency PTI, adding that extensive changes will be made soon....
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No disguising the economic slowdown now. Take a look -Maitressh Ghatak
-NDTV Only last spring, as the country was gearing up for elections, we were hearing about a Growth Rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the Growth Rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployment rate and growth in tax revenue sensed...
More »Lowering corporate tax rate is good but not enough -Renu Kohli
-The Telegraph While the corporate tax cuts are a long-term positive, this does not dismiss the case for near-term consumption support The government relented on fiscal discipline to steeply reduce corporate taxes on September 20; the lowest is now 17 per cent for new manufacturing units. The stock market soared, seeing earnings grow after successive downgrades for nearly nine years — about the same time as the investment shortfall that lower taxes...
More »'Developing Asia' is urbanising faster than rest of the world
-The Indian Express 'Developing Asia' refers to a group of 45 countries that are members of the ADB The economic outlook update released by the Asian Development Bank last week highlighted that the number of urban inhabitants in ‘Developing Asia’ has increased “almost five-fold since 1970”. The report, tracking World Urbanisation Prospects data, also states that the two-thirds of the nearly 1.5 billion additional city dwellers in the region belonged from...
More »The link between jobs, farming and climate -Pulapre Balakrishnan
-The Hindu It is imperative to focus on agricultural production in devising a long-term solution to the problem of unemployment At a panel discussion hosted recently by the students of Delhi’s Ambedkar University, the topic was, ‘Are we heading for an economic crisis?’ Presumably, they had been prompted by the all-absorbing news of a slowing economy. It is indeed correct that such a slowing is taking place. Growth has slowed for the...
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