-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
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More money for social schemes in 2019 run-up
-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...
More »States are failing to spend their education budgets - because the budgets are too low -Shreya Roy Chowdhury
-Scroll.in Chronic underspending on education has created governance systems that are unable to use the allocated funds. The Comptroller and Auditor General of India has found that states failed to spend over Rs 10,000 crores made available to them for elementary education every year between 2010-’11 and 2015-’16. The auditor’s report, which was tabled in the Lok Sabha on July 21, reviewed the implementation of the Right of Children to Free and...
More »India, China seek reduction in farm subsidies by West -Sidhartha
-The Times of India NEW DELHI: Even as the Chinese state media turned shriller on India and accused foreign minister Sushma Swaraj of lying to Parliament on the Doklam impasse, India and China are working together at the World Trade Organization (WTO) to get developed countries such as the US and the European Union members to reduce subsidies for farm products that are detrimental to exports from developing and poor countries. Earlier...
More »'Rs 7,000cr spent, but Ganga still polluted' -Vishwa Mohan
-The Times of India DELHI: The report of a fire literally on the Ganga prompted noted environmentalist and lawyer M C Mehta to file a PIL in the Supreme Court over 32 years ago. Discharge of inflammable effluents from nearby industries in Haridwar had caused the fire on water and subsequently triggered the chain of events which culminated in Thursday's NGT judgement directing both central and state authorities to take multiple...
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