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ECONOMIC REFORMS
More reforms needed to boost jobs, incomes: OECD
Restoring growth to the higher levels needed to provide ample jobs and ease inequality will require accelerating the pace of structural reforms to revive investment and exports.
Banks’ economic apartheid towards SMEs must end
The SME sector is facing some sort of economic apartheid from lenders which means “separateness”.
India needs tariff reforms to boost consumption of renewables: WWF
According to the report, C&I consumers' power demand is met principally by grid power (63 per cent) and onsite captive generation (27 per cent, mostly coal fired).
Indian growth story based on strong eco fundamentals: Ambassador Shringla
“India is on the march! It became a 3.0 trillion economy this year (IMF World Economic Outlook, Oct 2019). It took us nearly 60 years after independence to reach the 1 trillion mark, only 12 years since then to take it to 3.0 trillion and only 5 years, from 2014-2019, to take it from 2.0 trillion to 3.0 trillion.
15th Finance Commission to incentivise states for adopting agricultural reforms
The commission, on Thursday, submitted its report for financial year 2020-21 to the President for further necessary action. The recommendations will be effective from next financial year.
Major US, global cities slowing amid worldwide slump: Report
Nine of the top 10 biggest global cities will slow next year, Oxford Economics researchers found in a report.
Rahul Gandhi takes dig at Modi, Shah over economic slowdown
Speaking on India’s economic situation, Congress leader Rahul Gandhi slammed Prime Minister Narendra Modi for dip in GDP. “Amit Shah and Nar...
Mumbai: Nirav Modi declared fugitive economic offender in PNB scam case
A special court here on Thursday declared diamond businessman Nirav Modi, the key accused in the USD 2 billion Punjab National Bank (PNB) fr...
PNB fraud: PMLA court declares Nirav Modi as fugitive economic offender
Nirav is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act, which came into existence in August last year. Nirav and his uncle Mehul Choksi are the prime accused in PNB fraud case, related to alleged fraudulent issuance of LoU that caused a loss of over $2 bn to the PSB.
Opec’s output cut to have muted impact
A $10 increase in global crude oil prices shaves off India's GDP by up to 30 bps.
How companies can manage the ‘brand slowdown’
The slowdown is not as much of a worry as is the perception of the slowdown. Perception is a reasonable multiple of the actual slowdown that is biting our markets currently.
OECD says India needs to step up reform efforts to increase quality jobs, incomes
The latest OECD Economic Survey of India notes that while India has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
Government open to further reforms: Nirmala Sitharaman
"I only can invite and assure that the Government of India is committed for further reforms in various sectors whether it is banking, mining or insurance and so on," Finance Minister Nirmala Sitharaman said. She invited Swedish firms to invest in infrastructure development projects. India plans to invest about Rs 1 lakh crore in infrastructure sector in the next five years.
Base year depends on global, national economic situation, data availability: Rao Inderjit Singh
As per the United Nations System of National Accounts (UN SNA)-2008, base year of Gross Domestic Product (GDP) series is revised from time to time to better capture structural changes in the economy. The member countries are required to revise the base year of their macro-economic indicators like Gross Domestic Product (GDP).
View: Reframing Education Reform using Assessments as a Looking Glass
The solution was introducing State Level Assessments (SLA) - a statewide census-based assessment of students in grades I-VIII deploying standardized question papers.
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