-The Hindu Slowdown has widened across sectors; the new government must hit the ground running A welter of data collectively and individually point to one worrying conclusion: economic momentum across sectors is slowing in the widening absence of that key ingredient, demand. Domestic sales of cars, commercial vehicles and Two Wheelers all contracted in April, from a year earlier, the Society of Indian Automobile Manufacturers (SIAM) has reported. The decline of almost...
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Beyond the free trade idealism -Arun Maira
-The Hindu An ambitious ‘Employment and Incomes Policy’ must be the top priority for the next government The U.S. has begun trade skirmishes with India. It objects to India increasing import duties on electronic goods and wants India to reduce duties on U.S.-made motorcycles. Meanwhile the World Trade Organisation seems to be in the intensive care unit. It is time to apply fundamental principles to reshape a trade regime that is...
More »Deepening slowdown: on the Indian economy
-The Hindu Can the RBI’s reduction in borrowing costs help check the demand slowdown? India’s economy is inarguably slowing, and the latest estimates from the Central Statistics Office disconcertingly point to a deepening slowdown. GDP growth is projected to have eased to 6.6% in the October-December period. With the CSO now forecasting the full-year expansion at 7%, fiscal fourth-quarter growth is implicitly pegged at an even slower 6.5%. At that level, growth...
More »Child road safety report sets off alarm bells, minister Gadkari says it's a 'failure' for him -Anisha Dutta
-Hindustan Times Gadkari, who launched the ‘Rear Seat-Belt Usage and Child Road Safety in India’ report, pointed that almost 90% Indians also face safety risks by not using rear seat belts. New Delhi: Nine out of 10 Indians do not secure children with seat belts while travelling in four-wheelers or ensure they wear helmets on two-wheelers, according to a study, which Union minister for road transport and highways Nitin Gadkari cited on...
More »The oil & rupee problem -Kirit Parikh
-The Indian Express A balanced approach can reduce petrol price without affecting revenues. RBI mustn’t artificially shore up rupee The Brent crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the...
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