-Newsclick.in According to the DMD's figures, 375 people were killed by lightning strikes in the state in 2022. Patna: Climate change-induced extreme weather events like increasing lightning strikes killed more than 1100 people, mostly poor, in Bihar, in the last three years. As per the officials of the state disaster management department (DMD), the increase in deaths in lightning incidents has emerged as a new challenge despite a massive campaign to create...
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Outflow of Finance and Impact on Third World -Prabhat Patnaik
-Newsclick.in World capitalism is entering a new phase in which Third World economies will witness persistent outflow of finance, even if they raise interest rates in tandem with US rates. There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all...
More »How the proposed Data Protection Bill will undermine India’s Right to Information -Shailesh Gandhi
-Scroll.in A planned amendment says that all information that can be related to a person may be denied. India’s Right to Information Act, 2005, has been hailed as one of the best transparency laws in the world. It recognises that citizens are the rulers of the nation. As a consequence, the Act acknowledges their right to access all information from their government. The law effectively states that the default mode is that they...
More »Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman
-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...
More »Charting the economic journey ahead -C Rangarajan
-The Hindu India has no choice but to grow fast, given the present level of per capita income The big question before India is where its economy will be 25 years from now. By 2047, India will complete 100 years after Independence. By that time, will India achieve the status of a developed economy, which means achieving a minimum per capita income equivalent to $13,000? We also need to know what the...
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