-The Hindu The government has to garner resources and give a boost to the economy by increasing its Investments The Centre and the States are so short of resources that their fiscal deficit is burgeoning. The Prime Minister, at a function of the Associated Chambers of Commerce and Industry of India recently, was optimistic but the Reserve Bank of India (RBI) Governor was less positive, admitting that the country’s economic problems are...
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Politics of exclusion and disenfranchisement is hurting Investment and India's cooperative spirit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
More »IMF may significantly downgrade India growth forecast in January: Gita Gopinath
-PTI * While speaking at an event in Mumbai, the IMF chief economist also sounded doubtful about India achieving $5 trillion GDP target by FY25 * 'If you look at recent incoming data, we would be revising our numbers,' she said Mumbai: The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India "significantly", its India-born chief economist Gita Gopinath said on Tuesday. The Washington-based institution had...
More »CII suggestion to Revenue Secy: Focus on consumption, Investment
-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
More »In many countries, less than 5% of people benefit from adult learning opportunities: UNESCO -Mini Tejaswi
-The Hindu The UNESCO report was published by Institute for Lifelong Learning, based on data submitted by 159 countries, including India. Investments in adult learning and education (ALE) have steadily decreased in the last decade. Nearly a fifth of the UNESCO member countries reported spending less than 5% of education budget on ALE and a further 14% reported spending less than 1%, says a UNESCO report published by Institute for Lifelong Learning,...
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