-AFP Paris: Wealth accumulated by the richest 1% will exceed that of the other 99% in 2016, the Oxfam charity said on Monday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland. "The scale of global inequality is quite simply staggering and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast," Oxfam executive director Winnie Byanyima said. The richest...
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PM Modi vows rapid change, unveils reforms agenda
-The Times of India NEW DELHI: Prime Minister NarendraModi on Friday vowed to push through change at a fast pace but said subsidies should be continued to protect the interests of the poor. Addressing the Economic Times Global Business Summit, the PM struck an optimistic note to say, "The New Age India has begun its transition, from a winter of subdued achievement lasting three to five years, to a new spring that...
More »Rajasthan hits the ground running -Shivpriya Nanda & Minu Dwivedi
-The Hindu Business Line Its bold labour reforms are a trendsetter, lending impetus to the ‘Make in India' initiative With ‘Make in India' taking centrestage in India's plan to position itself on a high growth track, far-reaching reforms in the labour, tax and land laws hold the key to the government's ambitions. The abundance of workers is undoubtedly India's biggest asset for its emergence as a preferred manufacturing destination. While the Centre has initiated...
More »Are SEZs Specially Useless Zones? -Pravakar Sahoo
-The Hindu Business Line The CAG report details how these have neither helped industrial development nor boosted the economy Nearly a decade after the Special Economic Zones Act was brought into force, it is evident that the move has not helped industrial development. After examining SEZs in terms of background and objectives, fiscal incentives and facilities, approval process and administration, as well as life cycle, State-wise distribution and overall performance, parts of a...
More »Centre raises import duty on crude, refined edible oils -Sanjeeb Mukherjee
-Business Standard Increases duty on crude edible oils to 7.5% and on refined edible oils to 15% To protect the interests of farmers and provide a level-playing field to domestic oilseed processors, the government has raised the import duty on crude edible oil from 2.5 per cent to 7.5 per cent and that on refined edible oils from 10 per cent to 15 per cent. "Yes, the government had raised the import duties...
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