-The Financial Express Former prime minister Manmohan Singh once again warned of sharp fall in the GDP, saying that the hasty implementation of the GST and the demonetisation are bound to affect the economic growth adversely. In an interview to CNBC-TV18, Manmohan Singh said, “Both demonetisation and GST have had some impact. GST was put on practice in haste, and there are a lot of glitches which are now coming out.” The...
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Who is to blame for increasing derailments? -Dipti Jain
-Livemint.com 44% of derailments between 2012-13 and 2016-17 were due to failure of tracks, fittings There have been NINe incidents of train derailments in the past one month. The spate of accidents has increased anxiety among passengers and also generated a lot of political heat. What are the concrete facts though? Have train derailments been increasing? What is causing these accidents? Is it sabotage, human error or dilapidated infrastructure? A NITI Aayog discussion...
More »After floods, 235 districts face drought in country -Amit Bhattacharya
-The Times of India NEW DELHI: Around 235 districts across the country face the prospect of drought this year as the monsoon appears headed for a below-normal performance, with the season's deficit currently at 6.2% of normal. These districts, accounting for 37% of India's 630 districts for which rain data is available, have monsoon shortfall of at least 20%, with NINe show acute deficits of 60% or more, data from the India...
More »Aadhaar law will clear Constitution test, need to secure data: Arun Jaitley
-The Indian Express The Supreme Court is hearing a petition challenging making Aadhaar mandatory for availing benefits under various social welfare schemes of the government. The next hearing is in the first week of November. New Delhi: Finance Minister Arun Jaitley Wednesday said the Aadhaar law will “pass the test of constitutionality” and that it is important to build “ironwalls” to protect people’s data. He said the Aadhaar scheme announced by the...
More »Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
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