Economy

Economy

Promotion of Walmart by UP Government is Anti-Peasant, Unpatriotic

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Spread the love           The UP government’s invitation to the MNCs along with Adani’s, Reliance, Patanjali, domestic allies and props of foreign exploiters will ruin peasants and rural India. Their claim of 81 projects worth Rs. 61,000 crores will generate 2.12 lakh jobs is a hoax, as acquisition of land for these projects will uproot hundreds of […]


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In India Per Capita Milk Consumption is Still below Many Countries

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Spread the love           There is no dearth of government projects and schemes to improve the dairy sector infrastructure. However, what appears to be missing is a political will to assure small and marginal milk producers, who are contributing the most to the country’s milk production, of some guaranteed procurement price that the dairy farms will have […]


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Trade War Boosts BRICS Economic Cooperation

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Spread the love           The 10th BRICS summit in July 2018 in Johannesburg attached significance as it was held at an important conjuncture when the global free trade is feared to be in jeopardy. It was a departure from the set agenda of internal issues of member nations and was an assertion to shield the multilateral trading […]


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India Eyes $400 Billion Exports in Two Years

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Spread the love           India had prepared a strategy paper in 2013-14 after sustained high exports growth for almost a decade. At that time the target was to achieve $500 billion in exports in three years. But it was not implemented as exports slowed down due to a difficult global situation. Lately, global trade has started looking […]


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Include Mothers and all Unemployment is Gone!

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Spread the love           Apart from the claimed 70 lakh jobs created in the formal sector, going by EPF and NPS, but excluding ESIC due to account linking issues, Modi spoke in detail about how the doctors, engineers, architects, lawyers, chartered accountants, cost accountants, company secretaries and other professional categories passing out of various institutes every year […]


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India-US Relations and US-Sino Trade War: New Delhi Needs to Tread Cautiously

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Spread the love           India-US trade has been growing and has crossed $100 billion mark in 2017 and India’s defence purchases too are increasing. But as part of the trade war, US has recently imposed 100 percent tariff on steel and aluminum to hurt particularly China, Canada, Europe and Mexico. India needs to exercise caution. An analysis, […]


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High Tax Rates Inducing Tax Evasion, Avoidance: Need to Lower GST, Direct Tax to Improve Compliance

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Spread the love           When it comes to payment of taxes, direct or indirect, the picture produces an anti-climax. Tax payments to the government by Indians do not commensurate with either their income or expenditure patterns. During this year’s budget presentation, the finance minister said only 76 lakh Indians showed annual income of over Rs.5 lakh. The […]


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MSP Hike May Prove to be Meaningless

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Spread the love           Amid farmers’ unrest in many parts of the country, the demand for an increase in MSP has been voiced regularly. The manner in which the MSP is used makes it clear that it is no more an instrument to improve the financial condition of farmers, but to boost the image of the ruling […]


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A rise in Domestic Demand will Keep India Busy with Food Security

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Spread the love           It has been reported in the Agricultural Outlook 2018-2027, prepared jointly by the Organisation for Economic Cooperation and Development (OECD) and Food and Agriculture Organisation (FAO) of the United Nations. It says that much of the additional food demand will originate from India, Sub-Saharan Africa, North Africa, and the Middle East due to […]


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India Has Little to Gain by Dancing With the Dragon

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Spread the love           As the adage goes, enemy’s enemy is a friend, India and China have warmed up to espousing the common cause of hitting the rich world where it hurts their strong domestic interests. As the trade majors in the WTO such as the United States and the European Union have questioned India’s Minimum Support […]


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