If India wants 8% growth, private investment will have to substantially pick up, Ranade explains. But that can happen only if demand improves, which is contingent on wages increasing.
Ranade was removed from his role at the Pune-based Institute but received relief from Bombay HC. In his resignation letter, he writes it 'doesn't indicate acceptance of ineligibility'.
Sanyal is also a member of the EAC-PM. Debroy, who is chairperson of EAC-PM, resigned from GIPE chancellorship last week amid controversy over removal of institute’s V-C Ajit Ranade.
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
5% GDP growth on a base of $ 18 trillion. 6.5% on a base of $ 3.8 trillion. Population size equal. That has a direct bearing on removal of poverty, better HDI outcomes.
5% GDP growth on a base of $ 18 trillion. 6.5% on a base of $ 3.8 trillion. Population size equal. That has a direct bearing on removal of poverty, better HDI outcomes.