Amid talk of jobless growth and the urgent need for India to create employment for its millions of young men and women, the Chief Statistician of India, T.C.A. Ananth, says there is not much evidence to show that the unemployment scenario may have worsened in the last three or four years.
Anubhuti Vishnoi
Even as small traders in India’s vast unorganized sector express their confusion about the new tax regime, their faith in its long-term benefits has not lessened.
AADYA SINHA, TALHA ASHRAF & DIVYA NARAYANAN
Leaders such as Chidambaram and Jyotiraditya Scindia did not want the party to boycott the GST launch. But the line of Sonia and Rahul prevailed.
RUHI TEWARI
The industry is desperately seeking clarity on how GST will affect sponsorships, registrations, ticket prices and local body taxes.
With barely 48 hours to go...
Activists are up in arms over the government's plan to tax sanitary pads at the same level as cheese, cell phones and frozen meat products under the Goods and Services Tax. And there may be at least two legal petitions challenging this decision.
KAVEESHA KOHLI
The world watched aghast as police armed with tasers, tear-gas masks—and in one case backed up by snipers—arrested hundreds of pro-Palestinian protesters at universities across the United States.
The Asian Development Outlook 2024 report suggests that policymakers in the region should monitor a number of risks. These include escalating conflicts and geopolitical tensions.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Unlike most other major economies, India managed to prevent any serious damage to it’s economy during the financial crisis of 2008-09. Public memory is short, but it’s important to remember how Dr.Manmohan Singh and Mr.Pranab Mukherjee navigated the ship through the storm.
Also, it’s unfair to club the 6 years between 2011 & 2017 into one homogenous period for comparison purposes.
Between 2011 & 2014, crude oil prices were at punishingly high levels and this had an adverse impact on our Current Acct deficit. That in turn hampered growth.
But after 2014, oil prices have been benign. Despite that, M/s.Modi, Jaitley & co. haven’t managed to ramp up the economy.
It’s convenient to fall in line with the popular narrative that UPA2 was a disappointment & club today’s economic under-performance with the growth figures of UPA2.
But if a commentator is fair & truly honest, he will place the economic indicators of both these eras in the proper context.
Here is a write-up that only sees the pitfalls but has no solutions. Why waste time of yourself & others.
hi, appreciate your thoughts, but please suggest what serious attempts goverment should undertake to revive the growth…
We seem to forget 2 things.
Unlike most other major economies, India managed to prevent any serious damage to it’s economy during the financial crisis of 2008-09. Public memory is short, but it’s important to remember how Dr.Manmohan Singh and Mr.Pranab Mukherjee navigated the ship through the storm.
Also, it’s unfair to club the 6 years between 2011 & 2017 into one homogenous period for comparison purposes.
Between 2011 & 2014, crude oil prices were at punishingly high levels and this had an adverse impact on our Current Acct deficit. That in turn hampered growth.
But after 2014, oil prices have been benign. Despite that, M/s.Modi, Jaitley & co. haven’t managed to ramp up the economy.
It’s convenient to fall in line with the popular narrative that UPA2 was a disappointment & club today’s economic under-performance with the growth figures of UPA2.
But if a commentator is fair & truly honest, he will place the economic indicators of both these eras in the proper context.
So who or what is preventing a government with a clean majority from making that attempt …