-The Hindu Former PM Manmohan Singh says change undermines federal polity New Delhi: Former Prime Minister Manmohan Singh on Saturday remarked that the Centre ought to have consulted the State governments before introducing additional terms of reference for the 15th Finance Commission seeking to create separate funds for Defence and Internal SECurity. Asserting that unilateralism was not good for a federal polity and cooperative federalism, Mr. Singh said the best course would have...
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Non-NDA states flay change 15th Finance panel's terms of reference -Ronak Chhabra
-Newsclick.in The Modi Government’s sudden modification of the terms of reference via a presidential order on July 29 is an attempt to squeeze the revenue share of states, say Opposition leaders. New Delhi: The Narendra Modi government’s decision to change the terms of reference of the 15th Finance Commission through a Presidential Order is aimed at further squeezing the revenue share of states, without even consulting them, various finance ministers of non-BJP...
More »With auto SECtor in slow lane, tyre makers begin to feel pinch -Yuthika Bhargava
-The Hindu Industry is pinning hopes on steps by government on scrappage policy for vehicles and GST rate cut to spur tyre demand While the replacement cycle till now has helped the tyre industry to mitigate the impact of the severe demand slowdown in the automobile SECtor, the segment — which accounts for about 50% of the tyre market — has started to fill the pinch. While the SECtor is somewhat hopeful of...
More »RBI panel questions efficacy of populists schemes for farmers, in favour of more structural changes -Atmadip Ray
-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost...
More »Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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