-TheWire.in The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India’s GDP and growing at a faster rate compared to the older series. New Delhi: Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India’s...
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India needs 30 lakh buses for transport, has only 3 lakh -Dipak K Dash
-The Times of India NEW DELHI: The total number of buses available for transporting general passengers is less than one-tenth of the requirement, posing an enormous logistical challenge. According to government data, there are about 19 lakh buses in the country and only 2.8 lakh of them are run either by state transport undertakings or under stage carriage permits. "We need about 30 lakh buses to meet the requirement of general passengers....
More »Total government liabilities rise to Rs 79.8 lakh crore in Q1: Finance Ministry report
-PTI NEW DELHI: Total liabilities of the government increased to Rs 79.8 lakh crore at end-June 2018 from Rs 77.98 lakh crore at end-March 2018, latest data on public debt showed Friday. Public debt accounted for 89.3 per cent of total outstanding liabilities at end-June 2018 with internal debt accounting for 83.0 per cent share. Nearly 24.9 per cent of the outstanding dated SECurities had a residual maturity of less than five years....
More »In Odisha's Chromite Valley, Adivasis Are Paid in Poisoned Water -Sweta Dash and Abinash Dash Choudhury
-TheWire.in Sukinda, the world’s largest open-cast mining area, is also the world’s fourth-most polluted place – and the cost is carried by its original inhabitants. Sukinda (Jajpur district, Odisha): Outside her mud-walled house, Pitayi Mankidia, 30, is holding her two-year-old daughter Huli, who is crying. Huli’s face is smeared with neem leaves to soothe the pain and itching that is aggravated by the dust in the area. Both mother and daughter have...
More »Delhi Metro is SECond-most unaffordable in the world, shows study
-Scroll.in The Centre for Science and Environment found that after last year’s fare revision, an average commuter spends 14% of their household income on metro travel. Of nine metropolitan cities across the world that have operational metro systems that charge less than half-a-US dollar for a 10-km trip, the Delhi Metro is the SECond most costly,The Times of India quoted a study by the Centre for Science and Environment as saying....
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