-The Hindu Business Line ‘GDP growth rates for 2004-11 were bound to come down’ New Delhi: “You can slice and dice the data anyway you want, but India’s GDP growth rates between 2004 and 2011 were bound to come down in the backcasting computation effort,” said TCA Anant, former Chief Statistician of India. When the new base year of 2011-12 came out, the Central Statistics Office (CSO) had documented and recognised that the...
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The spirit of mahua -Diya Kohli
-Livemint.com The production of ‘mahua’ is finally entering the formal economy as new initiatives seek to upscale this indigenous drink, selling it across the country and even the globe It is a cloudy morning in Nangur village in Bastar district, Chattisgarh. It is a settlement of a little over 400 families, considered fairly large in these parts. We make a bumpy journey down a narrow, unpaved road intermittently shaded by sargi (sal)...
More »Petrol, diesel prices at highest-ever levels on rupee woes
-PTI New Delhi: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers. This follows ?a 31 paise/litre hike in prices on Monday. Rates have breached...
More »A broken tax chain -Arun Kumar
-The Hindu The GST’s faulty design has prevented the economy from benefiting fully from the indirect tax regime A year ago, at a special midnight session in Parliament, the launch of the goods and services tax (GST) was heralded as the new freedom. A year on, what has the GST achieved? ? One should not expect instant results. There will be many short comings when a complex reform is rolled out. But...
More »With liquor out, Bihar splurges on saris
-PTI Consumption of honey, cheese rises: study Patna: Prohibition is making people of Bihar spend on good clothes and food with sale of expensive sarees rising by 1,751%, while consumption of honey by 380% and that of cheese by 200% in the first six months of the ban, according to latest studies on the measure. The studies, conducted by think tank Asian Development Research Institute (ADRI) and government-funded Development Management Institute (DMI), also...
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