Year-to-year growth of tax payers in 2016-17 was 26% (with demonetisation), which is less than 27.6% during 2015-16 (without demonetisation).
The ‘Make in India’ campaign, launched under Nirmala Sitharaman’s watch, has so far failed to ignite any significant domestic production. While it is a complex process, her potential for success or failure will be in seeing this through.
The Cambodia Daily printed only a few thousand copies a day but had a reputation for breaking news about sensitive topics such as corruption, waste, environmental issues and land rights.
Ministers were shuttled in and out, supposedly on the basis of performance. But who will take responsibility for the structural slowing down of India’s economy, poor employment generation and agriculture distress?
Taxes currently constitute 45%-52% of the retail price of auto fuels, far higher than what would it be if petrol and diesel was brought under the Goods and Services Tax regime.
Exports from labour-intensive industries have either showed outright declines or reported anaemic growth. This is an ominous sign for job creation in India.
The interim relief of Rs 10,000 for the monsoon sowing season that was announced by Maharashtra chief minister Devendra Fadnavis after the farm strike in June has only added “salt to wounds”.
Obese banks are generally unhealthy for the economy. But the government is happily fattening banks thinking they are becoming “stronger” in the process.
The price of demonetisation’s “success” is now clear – slowing economic growth. What makes matters worse is that India has made very little headway in solving its twin balance sheet problem.
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Through their work, farmers in Odisha’s Nuapara district are showing the need for eco-friendly agriculture and self-reliance in rural farming communities.
Despite weather related and other difficulties, some Vidarbha farmers are hopeful for a better future thanks to the results of their small-scale initiatives.
A steady decrease in rainfall, the switch to water-intensive cash crops and ever-increasing borewells have lowered the water table in Nagarur village of Anantapur, leaving farmers struggling to keep their crops alive.
Given that Indians belong to varied socioeconomic background, there should be flexibility in financial schemes designed for different segments of the unbanked population.
The report saying that there was “no compelling reason to align MGNREGA and states’ minimum wages again”. Wages paid under the Act were last adjusted to meet minimum pay in 2009.
Fingerprints and biometrics are being captured by smartphones, Rajiv Mehrishi said, for the 40% of the population that uses them.
Economist Arun Kumar explains how demonetisation failed to tackle black money, but had a severely negative effect on the unorganised sector and the white (formal) economy.
Farmers with the smallest land holdings and landless agricultural labourers who need financial support do not have access to formal sources of credit and do not benefit from loan waivers.
Analysts point out that slowdown from last quarter has intensified due to the combination of long-term slowdown and temporary shock factors like demonetisation and GST.
Narendra Modi has learnt never to engage with his opponents; he sets the agenda and a hapless opposition and media try to keep up.
Nine months after Prime Minister Narendra Modi announced the demonetisation Rs 500 and Rs 1000 notes, it is clear that his government has not had one single, consistent reason for conducting the notebandi exercise.
Analysts say that the partnership with Adani, which has taken quiet if baby steps towards the defence sector over the last two years, may give the Swedish firm a decisive edge.
To Benefit Farmers and Not Private Insurers, the Crop Insurance Scheme Must Be Overhauled Completely
As it stands now, farmers have very little to gain from having their crop insured, while private insurance companies are raking in the profits.
The RBI’s data, and the government’s new narrative, is indicative of how badly demonetisation failed. Worse still, more important goals such as cracking down on benami property and reforming political funding are being gone about in a half-baked manner.
Integrating crop production with livestock management helps to reduce operational input costs of farming and augments productivity, production and income per unit area.
Former finance minister P. Chidambaram also questioned the Narendra Modi government whether its demonetisation decision was designed to convert black money into white.
We have an agrarian crisis today because we have failed to think through what kind of agriculture we need.
Five months after cabinet approval, the department of personnel and training has started paving the way for setting up the Rail Development Authority.
While the demonetisation tsunami sorely hurt the microfinance industry, Bandhan Bank offers a good template for what MFIs can do after acquiring banking licenses.
Falling capacity utilisation of power plants is a clear indicator that electricity demand has sagged under the NDA regime, raising a question mark over the efficacy of UDAY and other power sector reform measures.
Eight years after the state government’s affordable housing policy, municipal corporations, developers and the Rajasthan’s housing department are playing a game of hot potato.
The adjudicating authority in the Directorate of Revenue Intelligence case on alleged over-invoicing of power equipment has evidently been sympathetic to the Adani group. But this is just one instance.
Punjab exceeds most states in metrics on mechanisation, chemical input and capital investment. What then explains the failure of its green fields?
While Justice Kaul’s opinion identifies a ‘right to be forgotten’, India’s upcoming data protection framework needs to resolve a number of hurdles before we carve out such a right.
The court’s judgment implies that the state will have to be cautious of its activities even before it begins implementing them. Projects or initiatives that involve collection of personal data would have to take into account explicit limitations on how such information can be used.
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Have drug prices gone up or down? How will you know how much to pay? The Wire breaks it down.
The last 24 hours have been witness to a fundamental shift in the way our legal regime considers our routine actions. However, the battle has just begun.
Residents of a tribal village who were denied access to water have collectively restored farm ponds to harvest rainfall to fulfill their water needs.
The judgment will need to reinvigorate a conversation on how today’s data protection models need to be reconsidered in light of the changing dynamics of information privacy.