-The Telegraph The world's 197 nations have finalised a landmark pact in Rwanda's Kigali to combat global warming by phasing out industrial gases called hydrofluorocarbons (HFCs) currently used in air-conditioners and refrigerators. The Kigali agreement gives India 10 years to prepare its industry to shift from HFCs to alternatives that are now expensive and could mean higher prices for consumers. "We were flexible, accommodative and ambitious," Union environment minister Anil Madhav Dave said...
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Indian MSMEs yet to reap the benefit of Govt. schemes, says a recent report
A recently released report shows that only a few enterprises belonging to the labour-intensive Micro, Small and Medium Enterprises (MSME) sector could take advantage of the 205 number of public schemes (available in October 2015) of various Ministries or Departments of the Government, as listed at the website www.clusterobservatory.in. (Please click here to access the report on MSMEs and the challenges they face). Prepared by the Foundation for MSME Clusters...
More »How's the economy really doing? -TCA Sharad Raghavan
-The Hindu There are multiple ways to arrive at an answer, but each metric points in a different direction. If someone asks you how the Indian economy is doing, how would you answer? Would you say that the Gross Domestic Product and Gross Value Added (GVA) are both above 7 per cent, and so the economy is growing strongly? Or would you say that the Index of Industrial Production (IIP) has contracted for two straight...
More »Industrial output contracts in August
-PTI India’s index of industrial production contracted by 0.7 per cent in August, the second month in a row that it has remained in negative territory, following a slump in Manufacturing, mining and capitals goods segments. Factory output as measured by movement in the IIP had slipped to an eight-month low of (-)2.49 (revised) in July on account of declining output in Manufacturing and capital goods sectors. The IIP slump in August is...
More »The salience of the Singur verdict -Suhrith Parthasarathy
-The Hindu A more progressive Central law on land acquisition is now in place, but several States have already either amended the new law or enacted legislation of their own. On August 31, the Supreme Court in Kedar Nath Yadav v. State of West Bengal delivered one of the most momentous decisions of the year. It invalidated the expropriation of land in Singur by the erstwhile Left Front government in Bengal, and...
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