-The Hindu Nirmala Sitharaman said that India’s GDP continues to grow at a faster pace than the global economy and any other major economy. Union Finance Minister Nirmala Sitharaman announced a slew of measures on August 23 to prop up the slowing economy. Addressing a press conference, Ms. Sitharaman sought to dispel doubts over the economy and the government’s growth agenda. Announcing that the global GDP growth may be revised downwards from the...
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What happened to poverty during the first term of Modi? -Himanshu
-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant Investment and exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...
More »Business leaders seek Rs 1 trillion govt stimulus to revive economy
-PTI Industry leaders met Finance Minister Nirmala Sitharaman in New Delhi for three hours. Businesses on Thursday asked the government for a stimulus package of over Rs 1 trillion to restart Investments and revive the economy. Industry leaders, who met Finance Minister Nirmala Sitharaman in New Delhi for three hours, said the government will soon take action to boost economic growth. "The economy requires a critical intervention by introducing a stimulus package. We have...
More »Data doesn't support Amit Shah's claim that Article 370 deprived J&K of development -Rukmini S
-ThePrint.in Despite being ruled by BJP for the longest time, Hindi belt states lag far behind Jammu & Kashmir on education and various other indicators. There is no doubt that the Narendra Modi government’s decision to remove special rights for Jammu and Kashmir’s administration and to convert the state into two Union Territories is ideological and political. The removal of Articles 370 and 35A has been a lynchpin of the BJP’s political...
More »New offshore records reveal several Indian firms tapped Mauritius route to save on taxes -Ritu Sarin, P Vaidyanathan Iyer, Jay Mazoomdaar and Sandeep Singh
-The Indian Express The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for Investments being routed into India. After Swiss Leaks, Panama Papers and Paradise Papers, come documents from Mauritius — over 200,000 emails, contracts and bank statements that...
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