Everything is wrong with the Indian economy. The New York Times certainly thinks so. See this article complete with the picture of manual labourers working the ground with the most primitive tools in India. In the foreground, a sad-looking man carries what appears to be construction material on his head. Look more carefully. I’m sure … Read more
Smartphone major Samsung is all set to relocate its mobile and IT display production unit from China to Uttar Pradesh and invest Rs 4,825 crore in the state. According to the reports, the new production plant by Samsung will be the first high-technique project, which is being set up in India after relocating from China. The new project is likely to generate 1,500 … Read more
Ever since the Modi government passed three farm laws to free the country’s agricultural marketing and procurement systems, the farmers, especially from Punjab have hit the streets to demand a rollback on the law. One of the main arguments of the protesting farmers is that the newly enacted laws would alter the existing procurement system … Read more
While misled farmers, driven by the lies peddled by various opposition parties and the anti-Modi brigade, continue to protest, assuming that Modi government will ‘abolish MSP’ through its new farm laws, the central government’s ongoing paddy procurement has surged past the last year’s total procurement by more than 23 per cent. According to official data, the Food … Read more
At long last, we hear of a thaw in the bitter India-China standoff that began last April in Eastern Ladakh. If we want, we can breathe a temporary sigh of relief. But how much relief? China remains dominant, untrustworthy and likely to strike at the next possible opportunity. We lost 20 precious lives at the … Read more
Just days after Prime Minister Narendra Modi hailed the private sector, the union government has decided to lift a ban that was there on private sector banks from government transactions. In a major reform in the financial sector, the embargo on the grant of government business to private banks was lifted by the finance ministry. … Read more
Modi has done more for the environment than any other PM in recent history. Unfortunately, most journalists and intellectuals do not give him due credit for it. Therefore, it is not surprising that almost all appreciation that Modi gets is from international bodies, including the World Economic Forum (WEF), specifically for the role he played … Read more
On the 22nd of May, the Reserve Bank of India (RBI) declared a record dividend of Rs 2.11 lakh crore to the Government of India for fiscal year 2023-24. It was announced at the 608th meeting of the Reserve Bank of India’s Central Board of Directors, held today in Mumbai, chaired by Governor Shaktikanta Das. The RBI’s dividend … Read more
The Union Finance Ministry has decided to provide an additional amount of upto Rs 15,000 crore to states as interest-free 50-year loans for spending on capital projects. The Department of Expenditure has issued fresh guidelines in this regard on the “Scheme of Financial Assistance to States for Capital Expenditure” for the financial year 2021-22. Under this Scheme, … Read more
RBI governor Shaktikanta Das on Wednesday made an unscheduled announcement in the wake of the second bout of the COVID-19 outbreak, forcing states and local authorities to impose lockdown and restrictions to stop the spread of the virus. While the central government has refrained from imposing a nationwide lockdown, the economic costs of the second coronavirus outbreak … Read more