-The Hindu The economic outlook rests on government meeting investment targets and keeping promises made to stakeholders There were many expectations from the Union Budget 2020: that it would reverse the falling growth rate, reduce unemployment and rekindle the animal spirits needed to revive private investment. Does the Budget really hold out the promise on these counts? To answer the question, the Budget can be judged in terms of its effect...
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Midday meal door opens to private kitchens -Basant Kumar Mohanty
-The Telegraph Nearly 10 crore children have the midday meal in 11 lakh schools every working day New Delhi: The Centre has allowed privately managed centralised kitchens to be engaged to serve food to schoolchildren in rural areas under its midday meal scheme — a decision it had earlier announced in May 2017 only to roll back in April this year — raising fears of loss of jobs for thousands of cooks. Trade...
More »What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
More »Tata, Vedanta mining lease ends in March; Govt for fresh auctions
-IANS The move to not extend non-captive mining lease will impact 334 mines belonging to cos like Tata & Vedanta. NEW DELHI: In a setback for the mining industry, the government is set to reject a proposal to extend non-captive mining leases of companies that are expiring after completing 50-year period in March, 2020. The move will impact about 334 mines belonging to companies such as Tata Steel, Vedanta Limited, Essel Mining, V.M....
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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