-PTI NEW DELHI: The government has approved American e-commerce major Amazon's proposed USD 500 million investment in retailing of food products in India, an official said. The proposal was pending before the Foreign Investment Promotion Board (FIPB) which has been abolished now. Hence, the Department of Industrial Policy and Promotion (DIPP) gives the green signal to the proposal. As per the proposal, the company will open a wholly- owned subsidiary in India to carry...
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Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »1,880 acres allotted to Posco cancelled by Odisha govt -Sujit Kumar Bisoyi
-The Times of India BHUBANESWAR: After facing turbulent times for 12 years, the state government finally brought the curtain down on the much-hyped mega Posco steel project as it cancelled the 1880 acres of land allotted to the South Korean company. The Odisha Industrial Infrastructure Development Corporation (idco), state's nodal agency for land acquisition, has intimated to the Posco company the government's decision to withdraw the land allotted for setting up...
More »Not much vikas: Did the prime minister's record on development and governance impress UP voters? -Kanti Bajpai
-The Times of India Blog Whatever else won UP for BJP it wasn’t development and good governance. Prime Minister Narendra Modi came to office ostensibly on a plank of economic and administrative ‘acche din’. Sadly, he has not delivered. So voters either don’t know his record or they voted for BJP for quite different reasons. What is the prime minister’s record on development and governance? In three years of BJP rule at...
More »Pushed to the brink -Kanchi Kohli
-Deccan Herald Seriously?” one of the participants in a training session exclaimed. “You mean to say the site inspection report was prepared after an aerial visit, and there was no on ground verification?” All I did was a combination of a half nod, half smile. I have told this story several times before and each time the recipient of the news gives me a variant of the same reaction. It is...
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