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India Inc looks to govt for stimulus, but fiscal space limited as revenue falters -Aanchal Magazine, Pranav Mukul & Anil Sasi

-The Indian Express The emerging consensus within India Inc. on the need for a government-led stimulus notwithstanding, the Centre has limited fiscal space given the lower tax collections. The Budget was a missed opportunity in terms of signalling reforms New Delhi: India Inc’s clamour for a stimulus to restart the investment cycle points to a near unanimous view within the industry — that government has to do the heavy lifting first...

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Increasing investment to stimulate growth -C Rangarajan & DK Srivastava

-The Hindu Attention needs to be paid to both cyclical and structural dimensions of India’s present economic slowdown India’s current economic slowdown is due to a combination of two underlying trends. First, there is the short-run cyclical slowdown exhibited by a number of high-frequency indicators, reflecting a significant fall in demand, especially for sectors such as automobiles, consumer durables and housing. Second, there is the more serious long-term fall in investment and savings...

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Explained: Why One Nation, One Ration Card scheme could be a boon for poor migrants -Mehr Gill

-The Indian Express Essentially, the ONORC scheme has been launched keeping in mind the internal migration of our country. Last Friday, the government launched the pilot project for the inter-state portability of ration cards between Telangana and Andhra Pradesh, and between Maharashtra and Gujarat, as part of its ‘One Nation, One Ration Card’ scheme. “It is a historic day. We have started off inter-state portability of ration card pairing two states...

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Government launches programme to train teachers

-The Hindu World’s largest teacher training programme, says HRD Ministry New Delhi: More than 42 lakh teachers and PRIncipals of PRImary and elementary-age government schools across the country will undergo a five-day training programme over the next few months to learn innovative teaching methods, the use of art and technology in the classroom and basic counselling techniques. On Wednesday, the Human Resource Development Ministry kicked off the National Initiative for School Heads' and...

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A politically inconvenient data nugget -Puja Mehra

-The Hindu Data on demonetisation’s contribution to the deepening economic slowdown may have been suppressed Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector? On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), PRIme Minister Narendra Modi...

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