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Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)

itiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April&NDAsh;June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and the government announced the merger of ten public-sector banks into four combinations. These

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Govt should take CMs' views for Finance Commission's reference terms: Manmohan

-PTI Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and maNDAted the panel to suggest ways for allocation of non-lapsable funds for defence and internal security. New Delhi: Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers' views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal

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A milestone in greater transparency, accountability -Madan Lokur

serve as the nodal department for the development, operationalisation and maintenance of the JSP. This department has been informed of its obligations, which includes adherence to the norms and staNDArds laid down by a digital dialogue advisory group. To ensure that the responsibilities are carried out, the advisory group will be the monitoring agency. Grievance redressal officers will be appointed so that citizens can make the State government tru

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NCR gets functional plan for micro, household enterprises

en districts. Addressing the NCRPB Board meeting, Union Housing and Urban Affairs Minister of State (independent charge) Hardeep Singh Puri told NCR states to adopt the functional plan, which is maNDAted under the NCRPB Act, 1985, and work towards accelerating groiwth of MSMEs. The Board also approved regional plans for seven districts &NDAsh; Mahendragarh, Jind, Karnal and Bhiwani in Haryana, Muzaffa

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All about malnutrition and starvation deaths in India

l fabric and a “radical” new measure like community kitchens need to be set up across the country to feed the poor and the hungry. A Bench led by Justice N.V. Ramana issued notice on MoNDAy to the government on the petition filed jointly by activists Anun Dhawan, Ishann Dhawan and Kunjana Singh, represented by advocates Ashima Mandla and Fuzail Ahmad Ayyubi. The petition said State-funded community kitchens was not a novel concept in

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Dumb and Dumber: Facing slowdown, govt squeezes expenditure -Subodh Varma

s facing an unprecedented slowdown of the economy with GDP growth slumping to 5% in the June quarter, agriculture growing by only 2% and manufacturing by a mere 0.6%. Private consumption expenditure &NDAsh; spending by families on consumption &NDAsh; has slipped downwards, bank credit has decelerated, and there are reports of widespread job losses from across the board while monthly unemployment has climbed

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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)

l blunders like demonetisation, the time has now come for the government to carry out the next generation of structural reforms,” Singh told BusinessLine in an interview. Talking about the maNDAte which the Modi government has got, he said: “It is important to remember that this is a government with an overwhelming maNDAte, a full majority, not once, but twice in a row. When I served as the F

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A case for a differential global carbon tax -Rohit Azad & Shouvik Chakraborty

-The Hindu All nations must climb down the emissions ladder without giving up on their staNDArd of living Climate change is a global problem, and a global problem needs a global solution. The most recent Intergovernmental Panel on Climate Change (IPCC) report suggests that we, as humankind, might have just over a decade left to limit global warming. The IPCC says total global emissions will need to fall by 45% from 2010 levels by 2030 and reac

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Farm panel chief raises concern over sale of banned glyphosate herbicide

-The Times of India BATHINDA: The Punjab agriculture and farmers welfare department had banned glyphosate herbicide in October 2018, but the chemical is still being sold by an e-commerce company. Taking note of that, Punjab State Farmers and Farm Labourers Commission chairman Ajay Vir Jakhar has tweeted to ask the e-commerce giant Amazon to stop selling glyphosate herbicide in Punjab. Jakhar tweeted: "Punjab banned sale and use of glyphos

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IMF's 'Phantom FDI' destinations and the India connection -Sai Manish

-Business StaNDArd IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion New Delhi: In a recently released paper, the International Monetary Fund (IMF) has drawn the world’s attention to the rising menace of ‘Phantom foreign direct investment (FDI)’, defined as investment flows that pass through empty corporate shells that have no real business activity, with the intention to

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