-The Hindu Business Line About 85 per cent of the India has experienced “deficiency” or “large deficiency” in rainfall this monsoon season An umbrella body of farmer groups on Saturday urged the government to declare districts which are under severe water stress as ‘drought-hit’ immediately and not wait till the end of the monsoon season as is the usual practice. “There must not be any delay in the declaration of drought. Instead of...
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Will digitization cause the next financial crisis? -Nikita Kwatra
-Livemint.com Digitization and militarization may aggravate the underlying structural conditions behind the Great Depression of 2008 and trigger a similarly dire crisis, says study There are warning signs that the global financial system is heading for another disaster. In a new paper, William I. Robinson of the University of California adds to these warning bells by highlighting how the rapid rise of digitalisation and new technologies could potentially hurt the global economy. In a...
More »House panel shies away from quantifying black money
-The Hindu Three agencies have come up with varying figures, ranging from 7-120% of GDP, it said The Standing Committee on Finance has shied away from estimating the quantum of black money in and outside India, saying that different methods by various agencies are yielding vastly differing figures. The Standing Committee relied on three institutes — the National Institute of Public Finance and Policy, the National Institute of Financial Management and the...
More »Bengal IT employees apply for trade union registration
-IANS * The Kolkata Forum for IT Employees said there has been a number of incidents of unfair labour practices in the past * There are 1.8 lakh employees working in the IT industry in West Bengal The Kolkata Forum for IT Employees on Saturday said it has applied to the West Bengal government for trade union registration in the Information Technology and ITes, Business Process Outsourcing and Knowledge Process Outsourcing industry in...
More »India's non-agrarian rural economy struggles for sustenance -Richard Mahapatra
-Down to Earth Farmers and farm labourers, who want to quit agriculture, are stuck in the non-remunerative work since other SECtors are not generating jobs at the required rate We are fairly sure by now that the upcoming Budget would be the first government instrument towards the prime minister’s ambitious plan of making India a $5 trillion economy by 2024. Currently, India is nearly a $2.8 trillion economy. It is obvious we...
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