-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...
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After seeking import, Union govt slaps steep export charge on onions -Parthasarathi Biswas
-The Indian Express The steep MEP will, in a way, stop all outbound shipment of onions from India. THE UNION government on Friday slapped a steep Minimum Export Price (MEP) of $ 850 per tonne on onions, virtually putting brakes on the export of the produce. This is the first time that a MEP has Been imposed on onions this year. Simply put, henceforth exports will not be allowed if the consignments...
More »Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former prime minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
More »New traffic rules under Motor Vehicles Act: States that have put the brakes on hefty fines for violations
-The Indian Express New Traffic Rules 2019: Under the Motor Vehicles Act, 2019, heavy fines are being imposed for offences like over speeding, drunk driving and driving without a helmet. However, several states are not happy with the hefty fines and have expressed reservations on implementing the Act. The Motor Vehicles Amendment Act has waded into controversy with multiple states accusing the Centre of burdening the common man with heavy fines....
More »Fraudsters threaten to bleed Ayushman Bharat scheme -Maitri Porecha
-The Hindu Business Line National Anti-Fraud Unit finds ineligible people claiming medical cover by faking relationship with parent-beneficiary New Delhi: Fraudsters are coming up with ingenious ideas to take the Central government for a ride when it comes to the ‘Pradhan Mantri Jan Arogya Yojana’ (PM-JAY) or the Ayushman Bharat initiative, says the National Anti-Fraud Unit (NAFU), which monitors outliers in the scheme. In one such bizarre case, NAFU officials noticed that claims...
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