-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

-The Hindu The agenda to set up a development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a development bank. Ms. Sitharaman said: “In order to improve access to long-term finance, it is proposed to establish an organisation to...

-The Indian Express Kurki is attachment of farmers’ land by banks or arhtiyas/sahukars/traders (commission agents and private money lenders) in the event of non-payment of loan or debt. Two years after Punjab government notified a ban on kurkis or attachment of farmers’ land by banks in the event of their defaulting on loan payments, several such cases are taking place daily across districts in the state’s Malwa region. Here’s why. * What...

-Scroll.in/ The Third Pole Flash-flood warnings routed through NGOs are giving border villages precious lead-time to escape the wrath of suddenly rising rivers. In the last few weeks of June, a series of WhatsApp messages were sent from Bhutan to India to warn cross-border friends downstream of the Aai, Saralbhanga and Manas rivers about cloud-bursts, swollen rivers and possible flash floods affecting people in the Indian state of Assam. Although originating from officials,...