World Bank cuts India's GDP growth forecast to 8% from 8.7% in FY23
https://www.livemint.com/economy/world-bank-cuts-india-s-gdp-growth-forecast-to-8-from-8-7-in-fy23-11649851787363.html
https://www.livemint.com/economy/world-bank-cuts-india-s-gdp-growth-forecast-to-8-from-8-7-in-fy23-11649851787363.html
mint
World Bank cuts India's GDP growth forecast to 8% from 8.7% in FY23
In India, household consumption will be constrained by the incomplete recovery of the labour market from the pandemic and inflationary pressures, the World Bank said
Other Backward Classes own nearly 30% of India's MSMEs
https://www.thehindu.com/news/national/other-backward-classes-own-nearly-30-of-indias-msmes/article65317432.ece?homepage=true
https://www.thehindu.com/news/national/other-backward-classes-own-nearly-30-of-indias-msmes/article65317432.ece?homepage=true
Thehindu
OBC entrepreneurs own nearly 30% of India’s MSMEs
Around 41% of OBC-owned units are located in Tamil Nadu, Maharashtra, and Rajasthan.
FDI may touch USD 100 billion in 2022-23 : PHD Chamber
https://m.economictimes.com/news/economy/finance/fdi-may-touch-usd-100-billion-in-2022-23-phd-chamber/articleshow/90848708.cms
https://m.economictimes.com/news/economy/finance/fdi-may-touch-usd-100-billion-in-2022-23-phd-chamber/articleshow/90848708.cms
The Economic Times
FDI may touch USD 100 billion in 2022-23 : PHD Chamber
However, the inflation scenario has been stoked by rising international commodity prices, particularly of crude oil, it said. "India is expected to attract a USD 100 billion FDI inflow in 2022-23 supported by various ground touching economic reforms and significant…
The age of ‘Slobalisation’: What tectonic shifts in global trade means
https://m.economictimes.com/small-biz/trade/exports/insights/the-age-of-slobalisation-what-tectonic-shifts-in-global-trade-means/articleshow/90812917.cms
https://m.economictimes.com/small-biz/trade/exports/insights/the-age-of-slobalisation-what-tectonic-shifts-in-global-trade-means/articleshow/90812917.cms
The Economic Times
The age of ‘Slobalisation’: What tectonic shifts in global trade means
The lingering pandemic and the ongoing war in Europe has made the world economy experience a slowdown in the pace of globalisation. This has ramifications for both the global and Indian economy.
Indian economy looks like a champ while the world struggles. But wait, don't celebrate yet
https://theprint.in/opinion/indian-economy-looks-like-a-champ-while-the-world-struggles-but-wait-dont-celebrate-yet/918061/
https://theprint.in/opinion/indian-economy-looks-like-a-champ-while-the-world-struggles-but-wait-dont-celebrate-yet/918061/
ThePrint
Indian economy looks like a champ while the world struggles. But wait, don’t celebrate yet
Outlook for India seems better than for most others, but growth forecasts are being tempered while inflation picture has got worse. Production numbers are modest, dip in business mood.
Govt amends FEMA rules to allow 20 pc FDI in LIC
https://www.financialexpress.com/market/ipo-news/govt-amends-fema-rules-to-allow-20-pc-fdi-in-lic/2494071/
https://www.financialexpress.com/market/ipo-news/govt-amends-fema-rules-to-allow-20-pc-fdi-in-lic/2494071/
Financial Express
Govt amends FEMA rules to allow 20 pc FDI in LIC
Last month, Sebi gave approval to the draft papers and the insurer is in the process of filing a request for proposal with changes.
How Privatisation Is Leading to Growing Inequality in India
https://thewire.in/government/how-privatisation-is-leading-to-growing-inequality-in-india
https://thewire.in/government/how-privatisation-is-leading-to-growing-inequality-in-india
The Wire
How Privatisation Is Leading to Growing Inequality in India
One frequently cited motivation to privatise is 'efficiency'. However, this assumption is flawed as private services are prone to applying commercial value on social services, further excluding the 'have-nots'.
India can sustain 'miracle' GDP growth of 7%. There is only one rider
https://m.economictimes.com/opinion/et-commentary/india-can-sustain-miracle-gdp-growth-of-7-there-is-only-one-rider/articleshow/90942800.cms
https://m.economictimes.com/opinion/et-commentary/india-can-sustain-miracle-gdp-growth-of-7-there-is-only-one-rider/articleshow/90942800.cms
The Economic Times
India can sustain 'miracle' GDP growth of 7%. There is only one rider
This will, of course, require reforms in education, infra, finance, and the police-judicial system. Much depends on global trends, which affect India more than most people imagine.
The Ripple Effects Of The Global Fertilizer Crisis On India | Mint
https://www.livemint.com/industry/agriculture/can-india-brave-the-global-fertilizer-shock-11650388856854.html
https://www.livemint.com/industry/agriculture/can-india-brave-the-global-fertilizer-shock-11650388856854.html
mint
The ripple effects of the global fertilizer crisis on India
Ensuring availability of fertilizers at last year’s prices could be the Indian government’s next big worry.India imports over 25% of urea, 95% of phosphates and 100% of potash. Growers will either be pushed to paying more for nutrients or the government has…
Change in Labor laws: Working hours to increase to 12 hours; less in-hand salary as PF to grow, plans Centre
https://www.firstpost.com/india/modi-govt-trades-less-in-hand-salary-for-fat-pf-may-increase-work-hours-10581151.html
https://www.firstpost.com/india/modi-govt-trades-less-in-hand-salary-for-fat-pf-may-increase-work-hours-10581151.html
Firstpost
Change in Labor laws: Working hours to increase to 12 hours; less in-hand salary as PF to grow, plans Centre
The Modi government is looking to implement the revised Labor laws from 1 July
Rajiv Kumar steps down, Suman K Bery to be new NITI vice chairman
https://indianexpress.com/article/india/niti-aayog-vc-rajiv-kumar-steps-down-7882803/
https://indianexpress.com/article/india/niti-aayog-vc-rajiv-kumar-steps-down-7882803/
The Indian Express
Rajiv Kumar steps down, Suman K Bery to be new NITI vice chairman
Rajiv Kumar, an eminent economist, took over as vice chairman of Niti Aayog in August 2017 after the then VC Arvind Panagariya exited the government think-tank to return to academics.
ExplainSpeaking: How to read IMF's latest GDP forecast for India
https://indianexpress.com/article/explained/explainspeaking-imf-world-economic-outlook-gdp-forecast-india-7885691/
https://indianexpress.com/article/explained/explainspeaking-imf-world-economic-outlook-gdp-forecast-india-7885691/
The Indian Express
ExplainSpeaking: How to read IMF’s latest GDP forecast for India
The International Monetary Fund's latest World Economic Outlook has rolled back growth prospects for the world and for India. What are the reasons, and how does the outlook differ for advanced and other economics?
India's sweet spot in hoarding wheat looks shaky. Ukraine war means new concerns for Modi govt
https://theprint.in/opinion/indias-sweet-spot-in-hoarding-wheat-looks-shaky-ukraine-war-means-new-concerns-for-modi-govt/929653/
https://theprint.in/opinion/indias-sweet-spot-in-hoarding-wheat-looks-shaky-ukraine-war-means-new-concerns-for-modi-govt/929653/
ThePrint
India’s sweet spot in hoarding wheat looks shaky. Ukraine war means new concerns for Modi govt
Rising wholesale prices are signs that traders are estimating a lower crop size for wheat and buoyant exports. It can worsen with Indonesia's ban on palm oil.
PM CARES Fund cannot contract out of the Constitution, Delhi HC told
https://indianexpress.com/article/india/pm-cares-fund-cannot-contract-out-of-constitution-delhi-hc-7888594/
https://indianexpress.com/article/india/pm-cares-fund-cannot-contract-out-of-constitution-delhi-hc-7888594/
The Indian Express
PM CARES Fund cannot contract out of the Constitution, Delhi HC told
The submission was made during the hearing of the petition filed by Samyak Gangwal seeking that PM CARES Fund be declared as ‘The State’ under Article 12 of the Constitution of India
“She is too powerful” or “NSE”? Will transcript goof-ups prove costly for Sebi in Chitra case?
https://m.economictimes.com/prime/corporate-governance/she-is-too-powerful-or-nse-will-transcript-goof-ups-prove-costly-for-sebi-in-chitra-case/primearticleshow/91053920.cms
https://m.economictimes.com/prime/corporate-governance/she-is-too-powerful-or-nse-will-transcript-goof-ups-prove-costly-for-sebi-in-chitra-case/primearticleshow/91053920.cms
The Economic Times
“She is too powerful” or “NSE”? Will transcript goof-ups prove costly for Sebi in Chitra case?
Cross-examinations of two key witnesses – NSEs former HR chief Chandrasekhar Mukherjee and NRC chief Dinesh Kanabar bring to fore several inconsistencies and process failures, according to Chitras lawyers.
On inflation, RBI has been behind the curve
https://indianexpress.com/article/opinion/columns/on-inflation-rbi-has-been-behind-the-curve-7888896/
https://indianexpress.com/article/opinion/columns/on-inflation-rbi-has-been-behind-the-curve-7888896/
The Indian Express
On inflation, RBI has been behind the curve
Ishan Bakshi writes: It has erred on forecasts. MPC members must make public their individual projections.
READ: PM Narendra Modi asks secretaries for big-ticket ideas, says resource crunch no excuse
https://indianexpress.com/article/india/pm-narendra-modi-asks-secretaries-for-big-ticket-ideas-says-resource-crunch-no-excuse-7851386/
https://indianexpress.com/article/india/pm-narendra-modi-asks-secretaries-for-big-ticket-ideas-says-resource-crunch-no-excuse-7851386/
The Indian Express
PM Narendra Modi asks secretaries for big-ticket ideas, says resource crunch no excuse
A source present at the meeting said the Prime Minister encouraged the top bureaucrats to come up with out-of-the box ideas even if these did not pertain to their own ministries.
Links to Anthropology?
Paper 1 chapter 6 symbolic anthropology and paper 2 Tribal protest
https://www.indiatoday.in/india/story/rajasthan-ashok-gehlot-nomads-tribals-protest-tribal-policy-denotified-1921466-2022-03-06
Paper 1 chapter 6 symbolic anthropology and paper 2 Tribal protest
https://www.indiatoday.in/india/story/rajasthan-ashok-gehlot-nomads-tribals-protest-tribal-policy-denotified-1921466-2022-03-06
India Today
Nomads, tribals use art to protest against Gehlot government, want tribal policy denotified
Hundreds of artists from the nomadic community protested against the Rajasthan government, demanding that tribal policy be denotified.