Making the most of the new industrial policy -Janak Nabar
India’s new industrial policy is an opportunity to address the problems of low R&D spending and tough competition from cheap Chinese imports
The framing of the new industrial policy should be seen as an opportunity to chart a meaningful path for industry’s role in India’s development. The recently released discussion paper by the department of industrial policy and promotion mentions two points that need to be examined closely to grasp the headwinds industry will have to navigate: first, industry’s inadequate expenditure on research and development (R&D). And second, micro, the small and medium enterprises sector facing tough competition from cheap imports from China and other countries with which India has free trade agreements.
To put the first point into context, Huawei’s R&D expenditure (around $6.5 billion) is about the same or more than that of Indian industry, while Microsoft spends (around $12 billion) about the same as the Indian government. Regarding the...
No tax refund, no working capital: How GST is hurting Indian exporters -Mayank Jain
Exporters claim that delays in refunds under the new tax code has tied up a substantial amount of their money, thus harming their businesses.
Delays in processing tax refunds under the new Goods and Services Tax regime has locked up the funds of exporters, hurting their businesses and affecting their ability to be competitive in international markets.
On September 19, a delegation of exporters met Revenue Secretary Hasmukh Adhia, who is heading a committee set up to look into the GST-related issues that India’s export sector is facing.
During the meeting, the Federation of Indian Export Organisation reportedly said that the government should fast-track the refunds process for exporters or as much as Rs 65,000 crore of their money could get stuck in the July-October period, affecting their ability to do business.
The Goods and Services Tax, which was implemented from July 1, subsumes all the indirect taxes that businesses earlier paid the...
Cash transfers for subsidised foodgrain: Government claims 99% success. Not so, say 33% -Mridula Chari
But study of the pilot scheme also finds that 67% of respondents now prefer cash transfers.
In three Union territories where the government is running an experimental project to distribute cash instead of subsidised foodgrains, a third of beneficiaries surveyed said they either had not received any money at all (with or without proof) or did not know if they had received it. This despite government claims that 99% of the cash transfers were successful.
These findings are part of a third and final study by researchers from the Abdul Latif Jameel Poverty Action Lab, which was commissioned by the government policy think tank Niti Aayog to evaluate the pilot project.
The project was launched in Chandigarh and Puducherry in September 2015 and in Dadra and Nagar Haveli in March 2016. Since then, the government has been transferring money into the bank accounts of beneficiaries instead of providing them with foodgrains through...
Contrary to what the Gujarat government says, records show that the Sardar Sarovar Project is far from complete
Somabhai Raval was barely seven when prime minister Jawaharlal Nehru laid the foundation stone for the Sardar Sarovar Project at Kevadia Colony in Gujarat on April 5, 1961. A resident of Fatehpura village in Patan district of north Gujarat, Raval is not well educated. Till seven years ago, when construction of a minor canal near his field began, he had not heard that the government was harnessing the Narmada waters for the Sardar Sarovar Project.
The canal near his field was completed two years ago, but Raval’s 44 acres remain parched as ever. “Where will the water come from?” he asks, pointing to a kilometre-long furrow bordering his field. The furrow has not been joined to the canal and is filled with trash. “There is no flow now,” he says. “I will clear the...
New Delhi: About 50 academics and activists have written to President Ram Nath Kovind and Prime Minister Narendra Modi seeking a judicial probe into the police baton charge on Banaras Hindu University students last night.
The students were protesting vice-chancellor G.C. Tripathi's alleged shaming of a girl student who had been molested on the campus on Thursday evening.
In their common letter to the President - the Visitor of the university - the Prime Minister and chief minister Yogi Adityanath, the academics have demanded suspension of the superintendent of police and action against other officers.
They have criticised Tripathi for calling the police and for forcibly closing down all the hostels for arts, science and commerce students till October 2.
Among the signatories are activists Aruna Roy and Harsh Mander, and academics Satish Deshpande and Apoorva Anand from Delhi University and Ayesha Kidwai and Nivedita Menon from JNU.
"We demand accountability of the university...