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Merchandise exports affected by global slowdown but not export of services

Is it the case that global Economic Downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture.   A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows that the country's o

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Adopt a green growth strategy to boost the sluggish automobile sector

Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest Economic Downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various depar

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Banks can wipe out your money -BR Muralidharan

e bank failed. Typically, banks come under pressure when the economy is in downturn as large corporations do not repay money on time, leading to stress. The problems faced by banks could be due to Economic Downturn, or lack of regulatory oversight that allowed banks reckless lending, or mismanagement of the bank. Therefore, it is criminal to ask depositors to bail-in a mismanaged bank. As per the normal banking prudence, lenders insist on 150 per c

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Job offers shrink for IIT graduates, campus hiring falls to 66% this academic year. Here's why -Neelam Pandey

-Hindustan Times The slide in recruitment from what are considered premier technical institutes reflects the possible impact of the Economic Downturn in India as also globally One of every three IITians graduating this year either didn’t find a suitable job or wasn’t found suitable for a job through campus placement, official data show, pointing to shrinking employment opportunities for India’s large pool of engineering talen

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The forgotten ones: Looking at agricultural labourers -Sukhpal Singh & Shruti Bhogal

-The Tribune While there are have been debates about the plight of farmers, hardly have we ever heard or read anything about the condition of agricultural labourers. They are the victims of Economic Downturn in the rural sector. THE economy of Punjab today, embroiled in various economic issues, is showing signs of crisis in the agrarian sector. We often hear and read about the woes of the farmers who are committing suicides, but little do we t

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Marathwada's drought: Some measures that could save parched region from recurring drought -Shraddha Ghatge

-FirstPost.com This Firstpost series that began with highlighting how private water sellers are doing sound business in the midst of severe Economic Downturn in the water-parched region; the toothless laws, lack of enforcement and ineffective irrigation network which has led to the exploitation and depletion of water levels in the dams; crop failures triggering farmer suicides; the region’s sugarcane addiction, and climate change manipulati

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Marathwada's drought: In the midst of severe Economic Downturn, private water sellers reap profits in Latur -Tushar Dhara

-FirstPost.com Latur: A city with a population of five lakh, Latur offers a peek into a possible dystopian future for the rest of India. In the middle of the most severe drought of the past half century, everything here revolves around water.  Social gatherings, family outings, VIP visits and administrative meetings are all connected in some way to water scarcity and ways to address it. Unless a solution to the water problem is found, what is happening in Latur could become the norm in

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A third of top 500 firms’ books dodgy: SFIO -Subhomoy Bhattacharjee

e angle further. Among sectors, FMCG, pharma and automobiles are more likely to see such aberrations since these companies have significant controls over their supply chain partners. "In an Economic Downturn, these weak players (partners) may be made to bear the brunt of the slowdown so as to insulate the earnings of large players," the report stated. "Questionable operational practice" followed by many companies also inc

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Goa's Mining Logjam -Pamela D’Mello

e-owned corporation, the state government justified its current decision to renew pending applications, as articulated in the Goa Grant of Mining Lease Policy, 2014. This document cites the post-ban Economic Downturn, investments in labour/machinery by current leaseholders, the need to keep out out-of-state "mining mafia" and an August 2014 Bombay High Court (Goa bench) order directing processing of 28 lease-holdings that paid stamp duty du

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World hunger falls, but 805 million still chronically undernourished

community-based nutrition interventions to diversify production to include legumes, milk, fisheries and aquaculture, for healthier diets, and to improve incomes at the household level. Conflict, Economic Downturn, low agricultural productivity and poverty have made Yemen one of the most food-insecure countries in the world. Besides restoring political security and economic stability, the government aims to reduce hunger by one-third by 2015 and t

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