Data show that India, with nearly 18% of the world’s population, occupies about 2.4% of the total geographical area and consumes 4% of total water resources. A World Bank report says that India is the largest groundwater user. A rapidly growing economy and population are straining the country’s groundwater resources. …
Read More »‘A BILLION FIREFLIES: CRITICAL CONVERSATIONS TO SHAPE A NEW POST-PANDEMIC WORLD’
News from Davos and Delhi in the third week of January has framed the moral and intellectual crises affecting Indian economic policies. In the first instance, speaking at a session at the World Economic Forum in Davos on India’s road to a $10 trillion economy, the Chairman of Tata Sons …
Read More »BUDGET 2023-24 MUST BALANCE ELECTORAL SIGNALLING WITH FISCAL PRUDENCE
In the week ahead, Finance Minister Nirmala Sitharaman will present her fifth and this government’s last full-fledged Budget before the Lok Sabha election in 2024. Although some electoral overtures can be made in an interim Budget next year, the Bharatiya Janata Party-led government will also be mindful of the flurry …
Read More »STATE GOVT. MAKES ₹7.5-CRORE EQUITY INVESTMENT IN FIVE SC/ST START-UPS
The Tamil Nadu government has sanctioned ₹7.5 crore in equity investments to five start-ups that were founded and managed by entrepreneurs of the Scheduled Castes and the Scheduled Tribes. Chief Minister M.K.Stalin handed over the sanction orders on Friday in the presence of Minister for Finance and Human Resources Management …
Read More »CONTESTING THE HEGEMONY OF THE DOLLAR
The fact that the multipolar international system is fast unfolding is reinforced by clear trends in polycentric global geoeconomics. There is significant trade within the Global South; currency swap agreements; trade in national currencies bypassing the dollar; steps towards trading oil and gas in national currencies; the promotion of such …
Read More »TODAY IS NATIONAL TOURISM DAY
Today is National Tourism Day (January 25) and the Ministry of Railways, in partnership with the Ministry of Tourism, is launching its Jagannath Yatra train package, an eight-day tour that begins in from Delhi, traverses Kashi, Baidyanath Dham, Jagannath Puri, Bhubaneshwar and Konark, and ends at the Vishnupad temple in …
Read More »LEATHER INDUSTRY TURNS TO SUSTAINABLE TECHNOLOGY
Sustainable fashion has found its supporters in Tamil Nadu as well. A variety of leather products made with sustainable technology will be displayed at the Indian Finished Leather Manufacturers and Exporters Association (IFLMEA) on February 1. International participants from 15 countries will also take part. R. Vijayan, Chairman, IFLMEA, speaking …
Read More »AMAZON LAUNCHES AIR CARGO SERVICE IN HYDERABAD
E-commerce major Amazon on Monday launched Amazon Air, a dedicated air cargo service to enable faster deliveries to customers in Delhi, Mumbai, Bengaluru and Hyderabad. Quikjet Cargo Airlines, with whom it has partnered, will operate two Boeing 737-800 aircraft to transport customer shipments to the four cities, VP-Customer Fulfilment (APAC, …
Read More »EXIM DATA REVISED, TRADE DEFICIT NARROWS BY $10 BN
India’s foreign trade data for the first eight months of 2022-23 have been significantly revised, with the import bill being scaled up or down by at least two billion dollars in each of those months, in comparison to the preliminary estimates issued by the Union Commerce Ministry. The total merchandise …
Read More »GIG AND PLATFORM WORKERS’ RIGHTS IN INDIA
On January 20, foodtech delivery platform Swiggy announced that it was laying off 380 employees due to challenging macroeconomic conditions. In this article dated September 30, 2021, Sowmiya Ashok explains how the Indian public need to be more informed about the plight of gig workers, taking a leaf out of …
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