Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
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The NRC is a 'national problem' not just Assam's -Sangeeta Barooah Pisharoty
-The Telegraph Can issuing work permits and settling people outside Assam resolve the problem temporarily? In his Outlook article, (retired Union Cabinet secretary and a long-time North-east hand at the Centre) G.K. Pillai offered a temporary arrangement of granting ‘a five-year work permit’ to those not INCluded in the final NRC, basically to maintain status quo, ‘to calm things down and allow a range of policy options to be developed carefully over...
More »Sensex slips 769.88 points after heavy selloff in banking, energy and auto stocks
-The Telegraph/ PTI Among top losers were ICICI Bank, Vedanta, HDFC, Tata Motors, Tata Steel, ONGC, IndusInd Bank, NTPC, M&M and L&T The sensex nosedived 769.88 points to end at 36,562.91 and the Nifty tanked 225.35 points to 10,797.90 today after heavy selloff in banking, energy and auto stocks as a slew of macroeconomic data releases suggested a worsening economic slowdown. Top losers in the sensex pack INCluded ICICI Bank, Vedanta, HDFC, Tata...
More »Growth of eight core sectors at 2.1% in July, down from 7.3% last year: Govt data
-The Indian Express The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year. During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period the previous year. Growth of eight core industries slowed down to 2.1 per cent in July as against 7.3 per cent...
More »Desertification setting in across a quarter of India
-Down to Earth Another 30% of the county’s land is undergoing degradation. What does this mean for the country where more than 60% peopel depends on agriculture? Every year during the monsoon, Hemant Waman Chowre faces a peculiar situation. On the one hand, he hopes for good rainfall to water his crops but on the other, he is scared, for even a mild shower can destroy his saplings. Chowre is a 35-year-old farmer...
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