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Biscuit-maker Parle says it may have to sack 8,000 to 10,000 workers amid slowdown in sales

-Scroll.in The company said higher taxes in the GST system had forced it to increase prices. It caused consumer demand to fall. Biscuit maker Parle Products Private Limited on Tuesday said it may lay off almost 10,000 employees if the demand slowdown continues, The Economic Times reported. “We have sought reduction in the Goods and Services Tax on biscuits priced at Rs 100 per kg or below, which are typically sold in...

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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...

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RSS blames RBI for economic slowdown, defends Modi govt policies -Anjali Das

-National Herald/ IANS Swadeshi Jagran Manch, the economic wing of the Rashtriya Swayamsevak Sangh has hit out at the Reserve Bank of India for not lowering rate of interest even when the inflation is down to 2%, holding it responsible for the current slowdown in the economy. "The RBI has been the major reason for the slowdown. The Monetary Policy Committee of the RBI has been working on the wrong model and...

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Why VVPATs aren't enough to build confidence in EVMs -Atanu Biswas

-Hindustan Times Still, doubts about EVMs have been planted, despite the fact that none of the Voter Verifiable Paper Audit Trail (VVPAT) machines showed a mismatch with the EVM count. Two months after the declaration of Lok Sabha election results, conspiracy theories about possible tampering of Electronic Voting Machines (EVMs) are still doing the rounds. That important opposition leaders have demanded a return to paper ballots and even openly supported EVM-rigging...

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Social activist Aruna Roy speaks to Anindo Dey (The Times of India)

-The Times of India blog Last week, NDA government succeeded in getting contentious amendments to RTI Act passed by Parliament. Social activist Aruna Roy, who was at the forefront of the movement to persuade Parliament to enact the original law, speaks to Anindo Dey about the development: * The government said the RTI Act amendments set right the anomaly of the Information Commissions, which are statutory bodies, being treated on a par...

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