-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...
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Why govt's GM policy defers logic, hurts farmers
-The Financial Express When several NGOs and others protested against the GEAC report, the UPA's environment minister, Jairam Ramesh decided not to give the final go-ahead. As farmers under the umbrella of the Shetkari Sangathana start their civil disobedience movement and plant the banned Herbicide Tolerant (HT) GM seeds as well as Bt brinjal, chances are the authorities will treat this as yet another law and order issue and will arrest them;...
More »'Firms missing from database will not affect GDP calculation' -TCA Sharad Raghavan
-The Hindu Shell companies in MCA-21 submitting balance sheets regularly very much part of measurement, says former chief statistician The deficiencies found in the MCA-21 database of the corporate sector, where more than a third of the sample companies were either untraceable, out of coverage, or closed, will not have a major impact on the calculation of GDP and GVA, according to prominent statisticians closely associated with the subject. A recent report by...
More »Environment Ministry plugs loophole that allowed plastic waste import -Jacob Koshy
-The Indian Express PET bottles imported for processing in SEZs had increased substantially. New Delhi: The government has plugged a loophole that allowed the import of plastic waste into India for processing. “…Solid plastic waste has been prohibited from import into the country including in Special Economic Zones (SEZ) and by Export Oriented Units (EOU),” the Ministry of Environment, Forest and Climate Change (MoEFCC) said in an order made public on Wednesday. The...
More »PM Fasal Bima Yojana is suffering from low coverage since the last 2 years
The budgetary allocation for Pradhan Mantri Fasal Bima Yojana (PMFBY) as a proportion of total budgetary expenditure has been reduced marginally during the Interim Budget 2019-20. It may have happened because the coverage of gross cropped area under the scheme could not keep pace with the target that was set during the last two years. The Status of Implementation of Budget Announcements 2017-18, which was presented during the Union Budget 2018-19,...
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