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Downturn in India's growth 'very worrying': Kaushik Basu

-PTI Washington: Basu said from 2003 to 2011, India was growing typically over 8 per cent per annum. The year of global crisis, 2008, it dropped briefly to 6.8 per cent, but over 8 per cent growth had become the new norm for India. The downturn in India’s growth is “very worrying”, World Bank’s former chief economist Kaushik Basu said, underscoring that this is the “hefty price” the country had to pay...

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Achchhe din's worst day

-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...

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India, China jointly propose removal of US, EU farm subsidies -D Ravi Kanth

-Livemint.com India and China joint proposal on elimination of $160 billion of trade-distorting farm subsidies in the US and EU has come as a game changer in global farm trade negotiations at the WTO Geneva: China and India have jointly proposed the elimination of $160 billion of trade-distorting farm subsidies in the US, European Union and other wealthy nations, a move that has come as a game changer in global farm trade...

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Assam appeals China for sharing Brahmaputra data -Prabin Kalita

-The Times of India GUWAHATI: Crippled by three waves of devastating flood, Assam on Wednesday appealed to China to share hydrological data of Brahmaputra river, which flows through Tibet, with India to help state prepare for the oncoming disaster in advance. State education minister Himanta Biswa Sarma said that according to central government, China for "mysterious reasons" has not shared the hydrological data. "We appeal to China to share the data. We...

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Smartphones under scanner for 'leaking' data

-The Hindu Concern over security features and embedded programmes of handsets; motivated by data leakage to other countries Concerned about instances of Indian mobile phone users’ contact lists, details and text messages being leaked to other countries, including China, the government has asked all firms selling smartphone handsets in the country to share details of the processes they follow to ensure there is no possibility of data thefts or leakages from their...

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