Macro Economy 01 Jan 2017 by Tojo Jose

PM offers incentives for the demonetisation stressed low income people

PM offers incentives for the demonetisation stressed low income people

In the background of the support extended by the poor and low income people to demonetisation efforts, PM has announced group of interest subvention and credit incentives for them. It is assessed that the low-income strata have suffered the heaviest from demonetisation produced economic havoc. In his address to the nation, Modi announced several housing interest waiver packages to the poor. Two housing schemes that have interest subsidy for the urban poor and lower middle class will come into force from 2017. For housing loan, up to Rs 9 lakh, the government will provide 4% interest subsidy, while for housing loans of up to Rs12 lakh, a 3% interest subsidy will be granted. Under

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Infrastructure 21 Dec 2016 by Tojo Jose

Under Jaitley’s General Budget, Railways is going to be less populist

Under Jaitley’s General Budget, Railways is going to be less populist

If one pleasant change is happening for Indian Railways in recent years, it is merger of its budget with the general budget. This time, the Rail budget will be presented as a part of the general budget. Here, the age-old transportation giant gets an opportunity to enhance its performance. Putting Railways under the general budget will help the institution to evade free-bee searching public eye for fare concessions. Finance Minister in a recent press Conference told that Railways should concentrate more on performance, switching away from populism. The new rail budget format is expected to pursue serious disciplines which are in dire need to rebalance the railway finance. Fares m

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Macro Economy 06 Dec 2016 by Tojo Jose

Jayalalitha passes away, leaving TN and AIDMK leaderless

Jayalalitha passes away, leaving TN and AIDMK leaderless

The iron lady of Tamil Nadu- Ms Jayalalitha who ruled the state like a Prime Minister for a long time, has passed away. Her demise was announced by the Appollo Hospital where she was under treatment for 74 days. Ms Jayalalitha who comes from film field like several other state political leaders embraced politics after the death of former Chief Minister MG Ramachandran in 1987. Later years saw the emergence and growth of Jayalalitha as a rare breed on Indian woman politician who ruled her domain like an emperor. She made intense fight with rival DMK and undergone jail terms in a corruption case. Ultimately she won and maintained the trust of the Tamil people as thier unquestionabl

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Macro Economy 19 Nov 2016 by Tojo Jose

India may surrender highest growing economy tag to China this year

India may surrender highest growing economy tag to China this year

Crumpling demand and expenditure, slowing investment all indicate that the economy is in a sudden stop which may bring down economic growth to below 7 % this year. Though a fall in growth rate was expected out of the present currency chaos, the stampede in growth will be high according to several private analysts. Indications are that the economy may register its lowest growth rate since the global financial crisis year of 2008. The country’s economy which withstood the ongoing global recession is about to steep fall in the context of demonetization according to several estimates. Ambit Capital who makes a very conservative assessment every time has revised GDP growth figur

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Macro Economy 01 Nov 2016 by Tojo Jose

Delhi grows bigger as world’s pollution capital

Delhi grows bigger as world’s pollution capital

Depicting India’s inability to curtain pollution in the country, air pollution levels are getting aggravated in the National Capital during the last few weeks. Delhi is ranked as the most polluted mega city in the world. It has consistently outgrown Beijing in terms of air pollution. Health Monitors and Media were constantly bringing updates about the worsening air quality in the mega city in recent days. Air quality has deteriorated making life difficult for kids and asthma patients. The killer smog is already making road view difficult. Recent air quality statistics showed levels of PM2.5 – the tiny particulates that can reach deep into the lungs, above 999 mic

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Infrastructure 14 Oct 2016 by Tojo Jose

Aadhaar project enters the ‘Challenge drive’ aiming cent percent identification coverage

Aadhaar project enters the ‘Challenge drive’ aiming cent percent identification coverage

The UIDAI’s (Unique Identification Authority of India) mega identification programme Aadhaar so far covered 106.69 crore people making it the biggest identification programme in the world. Aadhaar has now become the data base platform for delivering several of the government’s transfers to the people.   In the context of the success, the Authority of India) is aiming to bring all people including the so far excluded from the Aadhaar network. For this, it will roll out a plan called ‘Challenge drive’ from October 15th onwards. Challenge drive will be launched in 22 states and union territories where the coverage has reached nearly 100 percent. The prog

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Macro Economy 03 Oct 2016 by Tojo Jose

Poverty and inequality have declined after the global financial crisis – says World Bank

Poverty and inequality have declined after the global financial crisis – says World Bank

The World Bank report on Poverty says that poverty and inequality have declined after the global financial crisis. Bank’s new report – ‘Poverty and Shared Prosperity’ says that though poverty has come down, high growth is needed to end extreme poverty by 2030. The Report observes that three countries – China, Indonesia and India were the main actors in reducing global poverty. Progress on reducing absolute poverty was driven by East Asia and Pacific. The report says that nearly 800 million people lived on less than US $ 1.90 a day in 2013. Half of the world’s poor lives in Sub Saharan Africa and a third in South Asia. East Asia and South Asia w

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Macro Economy 28 Sep 2016 by Tojo Jose

India makes big stride in Global Competitiveness; closing in on China

India makes big stride in Global Competitiveness; closing in on China

India has made tremendous achievements in Global Competitiveness as per the 2016-17 Global Competitiveness Index report of the World Economic Forum. The WEF’s ace index measuring competitiveness of countries shows that India improved 16 places to reach 39th position. Last year, India’s ranking was 55. The report ranks 138 countries. India is the biggest achiever in the index as it made notable progress in most twelve pillars considered in the index. South Asian colleagues of India are placed significantly lower. Sri Lanka is placed at 71, Bangladesh 106 and Pakistan at 122. China is placed at 28th position and India is closing in remarkably as the latest three year

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Infrastructure 20 Sep 2016 by Tojo Jose

New cities announced under the Smart Cities Mission

New cities announced under the Smart Cities Mission

developed as part of the Rs 48000 crore Smart Cities Mission. This is the third list of the cities to be developed under the mission. The new list includes 27 new cities including five from Maharashtra, four from Tamil Nadu and three from UP. In the three rounds, sixty cities were chosen, including 20 in January and 13 in May and the remaining will be selected by 2018. Altogether 100 cities are to be brought under modification as part of the Smart Cities Mission. The five cities from Maharashtra are Aurangabad, Kalyan-Dombivli, Nagpur, Nashik and Thane. For Tamil Nadu, the selected cities are Madurai, Salem, Thanjavur and Vellore.  Karnataka gets smart city nomination fro H

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Infrastructure 18 Sep 2016 by Tojo Jose

India has to abandon domestic sourcing of solar equipment as WTO favours the US stand

India has to abandon domestic sourcing of solar equipment as WTO favours the US stand

India’s forex saving policy on solar front that of local manufacturing should take place in India has to be abandoned with the WTO verdict against it. The WTO in its verdict has agreed with the US stance and directed that India’s domestic component manufacturing for energy projects under the National Solar Mission is against the National Treatment principles of WTO. Earlier, the US, one of the largest producers of solar photovoltaic cells sued India at the WTO’s Dispute Settlement Body that India’s domestic manufacturing requirements are anti trade. The issue was related with the Jawaharlal Nehru National Solar Mission which tried to encourage solar energy

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