Topic: central government
Demonetisation, GST, lockdown sans relief dealt body blow to Indian economy — Raghuram Rajan
At ThePrint's OTC, the former RBI governor said if huge levels of debt and financial distress hold back the economy, it will be a lost decade for growth.
Centre vs states GST row doesn’t matter. What matters is reviving economy & a borrowing plan
Since general government debt will rise regardless of who borrows for GST compensation, a plan to move to a sustained borrowing trajectory should be made.
Govt finances deteriorating. Postpone fiscal deficit goals, make economics more transparent
Fiscal deficit for 2020-21 was pegged at 3.5 per cent of GDP in Budget 2020. But Covid and the lockdown have made sure this is impossible to achieve.
Only one attendant, no sightseeing, no shopping — how India could reopen medical tourism
Contact-less service in hotels & hospitals among 18 recommendations Indian medical tourism industry has sent to Centre as it wants multi-billion dollar sector to reopen.
J&K sends list of over 100 budding entrepreneurs to Centre for youth empowerment programmes
Beginning two months ago, administration and police officials were asked to compile a list of youth interested in entrepreneurship.
As Covid cases surge, Centre asks West Bengal to step up testing, bring down fatality rate
Bengal has reported 40,209 cases and 1,076 deaths. It’s conducting 6,790 tests per million, while its average positivity rate for the last 7 days is 13.18%.
Why Modi govt doesn’t have the money to spend on Covid crisis & how it can fix the problem
Emerging from the Covid crisis, the Centre will have to take a fresh approach to reviving growth, re-visiting fiscal balance with states, re-imagining GST etc.
Doctors, nurses have final responsibility to protect themselves from Covid: Govt to SC
The affidavit was filed in response to a petition by Dr Arushi Jain, challenging the new SOP for healthcare workers that ended the mandatory 14-day quarantine for them.
Funds transfers to states set to take a hit as central tax collections begin to dip
In April and May, the central govt transferred cash based on tax collection estimates. But with actual collections falling well short, the amount will soon dip.
Modi govt tells ministries to be careful in releasing money to states for central schemes
Expenditure Secretary T.V. Somanathan tells ministries to first check if states have capacity to utilise money, and are not parking it and earning interest.
Why French President Macron’s clash of civilisations with Islam is misguided
Macron seems oblivious to a deepening problem at home: The old French model, which claimed to be superior to all social systems, is unsuited to an increasingly multi-ethnic society.
Revival in demand & business activity push Indian economy’s animal spirits up in September
Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.
Defence
China lacks ‘honest intent’, be prepared for any eventuality, Rajnath Singh tells Army
Speaking in Delhi, the Defence Minister told military commanders that the government will strongly back reforms in the armed forces including setting up of theatre commands.
Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace
Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.