The indications of a slowing economy have been in the air for some time. The government’s reaction, though, has been aimed at downplaying the bad picture emerging.
What Seshan did to the election commission – with toughness, unwillingness to bend and sometimes eccentricity – is well documented.
Esther Duflo says fear of migration is often made worse by governments who want to be seen to be doing something about the problem.
Pyush Goyal commented in a dismissive fashion after it was announced that the Sveriges Riksbank Prize in economics set up in memory of Alfred Nobel was awarded to Esther Duflo, husband Abhjit Banerjee, and Michael Kremer.
The number of poor in India has been slashed, says Duflo. 'But that does not mean we should be happy. That is not enough,' she says.
The post-policy statement of RBI clearly indicates that the central bank is likely to continue to remain dovish.
What will come as a further relief for companies would be the decision to do away the minimum alternate tax for those who opt for the new regime.
The government's plan to organise at least four Mega Shopping Festivals is aimed at providing incentives to small and medium enterprises to sell or export their products.
It would be wrong to look at the taxi services to identify the slump. The reasons are elsewhere, related to the overall slump of the economy which showed a low GDP growth of 5 per cent in August this year as compared to 8 per cent growth in the same month last year.
On the economic front, the government has shown a moon-walk-like approach--unsure of the terrain that it is stepping into, while blasting away on the political front with unknown consequences.
A tractor at work at the construction site of the Central Vista project, in New Delhi.PTI Photo/Ravi Choudhary
Congress General Secretary and AICC in-charge of Uttar Pradesh (UP) Priyanka Gandhi speaks during 'Pratigya rally', ahead of UP Assembly elections 2022, in Moradabad.PTI Photo
Tamil Nadu Chief Minister M. K. Stalin visits the flood affected areas, in Thoothukudi.PTI Photo
Doctors release a health advisory during an awareness campaign against air pollution to mark National Pollution Control Day, in Kolkata.PTI Photo
Rashtriya Janata Dal MLA Bhai Virendra and BJP MLA Sanjay Saravgi go for compromise in the presence of Speaker Vijay Kumar Sinha, RJD leader Tejashwi Yadav and Deputy CM Tarkishor Prasad following a verbal spat between...PTI Photo
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