Where we stand economically: Much Awaited Union Budget 2018-19 – By Areesha Fatma

According to the first advance estimates of national income for 2017-18, the growth in Real GDP is estimated at 6.5% as compared to the growth rate of 7.1% in 2016-17. While, the anticipated growth of real GVA at basic prices in 2017-18 is estimated at 6.1% as against 6.6% in 2016-17. Also, the growth rate in per capita income is estimated at 5.3% during 2017-18, as against 5.7% in the 2016-17. Although the mining and construction sector are expected to grow at 2.9% and 3.6% respectively in FY 2017-18, however, the low growth figures for agriculture and manufacturing sector at 2.1% and 3.6% during the same year is worrisome. United Nation in its report on World Economic Situation and Prospects 2018 has projected GDP growth is projected to accelerate from 6.7 % in 2017 to 7.2 % in 2018 and 7.4 % in 2019. However, Asian Development Bank has revised down the forecast for economic growth in 2017 to 6.7% from 7% and growth projection for FY2018 from 7.4% to 7.3%. On the macro-economic front, some of the lead indicators have registered a growth. However, Index of Industrial Production (IIP) declined from 4.14% in September 2017 to 2.2% in...

Does the traffic system in India require a complete revamp?

Hawk eyes to smartly check Delhi traffic NEW DELHI: The capital is all set to get its first fully integrated intelligent traffic management system this month, more than eight years after it was conceptualised by the Centre. The Union road transport and highways ministry, Maruti Suzuki India and Delhi Police will sign a memorandum of understanding (MoU) on Tuesday to install the first phase of the system on the Ring Road stretch between Sarai Kale Khan and Dhaula Kuan. In the Rs 10-crore first phase, 160 cameras will be installed at 10 major intersections. The system will be made operational in a fortnight and will be on trial for a year, said sources. The police deploy about 150 men to manage traffic between Sarai Kale Khan and Dhaula Kuan through the day. The MoU will be signed by police commissioner Amulya Patnaik and Kenichi Ayukawa, managing director and CEO of Maruti Suzuki India, in the presence of Union transport minitser Nitin Gadkari and Delhi lieutenant governor Anil Baijal. Special commissioner (traffic) Dependra Pathak said the aim was to have a synchronised traffic corridor with minimal human intervention. "This will help instil discipline among road users without intervention of traffic policemen. We selected the...


Delhi Begins New Year With 'Hazardous' Levels of Pollution NEW DELHI: The first day of New Year was not very happy for Delhi as air pollution levels showed a sharp rise. The levels of lethal particulate matter hovered around the danger mark. If they rise further and stay there for four days, emergency pollution control measures like odd-even road rationing scheme and ban on construction activities will have to be brought back. On Monday, the average Particulate Matter or PM 2.5 was recorded at 292 micrograms per cubic metre - which comes under the 'very poor' category. The levels of PM10 were at 444 micrograms per cubic metre, which is 'severe' according to Central Pollution Control Board guidelines. The Graded Response Action Plan or GRAP laid out by a Supreme Court-monitored panel recommends strict action when PM2.5 and PM10 levels turn 300 and 500 and persist for 48 hours and weather conditions indicate that they will be there for at least two more days. Delhi currently has three plans to control pollution and while one is being followed, there is no clarity on what is to be done with the other two -- one by the National Green Tribunal and the other...


The Great Bitcoin Scam At the outset, let me clarify that Bitcoin itself is not a scam, but how Bitcoin is being sold is a scam. More about that below. To start out, it is important to understand what Bitcoin really is. It would be easy to bore you with a discussion of the technology, about peer-to-peer servers and sophisticated algorithms, but that is not what you need to know. What you need to know about Bitcoin is that distilled to its technological essence, each Bitcoin is simply a number. That's it: A number. It is simply a series of digits, with each number being assigned to each Bitcoin. To illustrate, I'll randomly pull a $1 bill from my wallet, which bears No. L88793293J. Assuming some minimal level of competency by the U.S. Treasury, no other bill bears that number. The face value of a $1 bill is, of course, just $1 dollar. But two people could privately agree that No. L88793293J is actually worth $5,000. To illustrate Fred wants to buy Joe's golf clubs, but Fred doesn't want his wife to know -- at least just yet -- that he spent $5,000 for golf clubs. So, Fred and Joe agree that No. L88793293J is...


2G scam case: CBI court likely to deliver verdict today New Delhi: A special Central Bureau of Investigation (CBI) court is likely to deliver its verdict on Thursday on alleged irregularities in the 2008 allocation of 2G telecom spectrum and licences—a scandal that contributed to the Congress-led United Progressive Alliance’s electoral downfall in 2014. Special judge O.P. Saini reserved the verdict on 26 April after hearings ended in related cases involving political figures, bureaucrats and telecom executives. Saini has presided over the trial for six years. The Comptroller and Auditor General (CAG) has estimated a presumptive loss of Rs1.76 trillion because of flawed allocation of spectrum when A. Raja was telecom minister in the UPA government. The so-called 2G scam, together with a scandal over the allocation of coal blocks that surfaced later, cast its shadow over much of the UPA’s second term in office, exposing it to charges of corruption that became a key electoral issue in the 2014 general election which the coalition lost. Raja, fellow Dravida Munnetra Kazhagam (DMK) politician Kanimozhi and 15 others are accused in the 2G case, in which they have been tried on charges ranging from cheating and criminal conspiracy to abuse of public office. Former telecom secretary...

Is India ready for a digital revolution? – BY AREESHA FATMA

Despite our Dear Modi Ji has been focusing his hearts out for the promotion of his flagship programme “ Digital India” among masses, the audacity of situation was taken upto an extent that a major demonetization drive was announced on 8th November 2017 to kick off black money from the system and to move towards digital transactions. While, this effort has been taken into an extent that ministers are visiting rural areas of India to compel rural-ites to do as much digital transactions as they can through mass rallies (while the hidden motives of these rallies is something which we all know). Another thing which is being done is easing out the process of opening bank accounts primarily jandhan accounts, getting debit cards, (getting credit card is still tiresome for obvious reasons), linking adhar cards, payment gateways, single window mechanisms etc. However, nobody is focusing towards the rising cyber crime in India. According to the Indian Computer Emergency Response Team (CERT-In), the numbers of cyber crimes in India are rising at an alarming rate as the number of cyber crime cases filed in 2014 rose to 11,592 in 2015 and 12, 317 in 2016. The situation is so stressed...


Overconfidence to experiments, dissecting Indian cricket team’s shocking display In a Virat Kohli-less India team, it was surprising to see Ajinkya Rahane’s name missing from playing XI in the first ODI against Sri Lanka - even when experiments have looked the norm in recent times. (INDIA vs SRI LANKA FULL COVERAGE) At the HPCA Stadium here, it took just two overs for Rahane’s absence to be felt. That was how long Sri Lanka took to hand the hosts the first jolt. A noisy crowd was silenced as Shikhar Dhawan was adjudged leg before off Angelo Mathews via DRS. If the star opener’s dismissal silenced the home fans, what followed left them in shock. A team of talented players, eyeing to become world beaters, crumbled in conditions aiding swing with bounce on offer. (Read | Dharamsala ODI loss versus Sri Lanka an eye-opener, says skipper Rohit Sharma) In the space of 27 runs, India lost six more wickets. Rohit Sharma, Dinesh Karthik, Manish Pandey, debutant Shreyas Iyer, Hardik Pandya and Bhuvneshwar Kumar were flummoxed as Sri Lanka bowlers breathed fire in seaming conditions. Experimentation group Karthik, Pandey, Iyer and Pandya belong to the ‘experimentation group’ in the Indian cricket team. They are still on trial as India zero...


Rahul Gandhi's Handling of Mani Shankar Aiyar Gives Him Upper Hand Rahul Gandhi showed who's the boss and reacted decisively in what can be termed his first decision as nearly Congress president - the suspension of Mani Shankar Aiyar for his "neech" comment on Prime Minister Narendra Modi. Gandhi's swift and tough action - he first demanded a public apology from Aiyar and then threw Aiyar out in a bid to damage control - represents a clear break from the way the Sonia Congress did things. Aiyar's ridiculous and ill-timed jibe that "Modi would never be PM but was free to sell tea outside the All India Congress Committee (AICC)" had virtually wrecked the Congress campaign in the 2014 general elections. Modi and the BJP capitalized on the sneer to the full. Modi quickly used Aiyar's comment yesterday to similar effect and Aiyar who seems to be the gift that does not stop giving to the BJP tried to brazen it out with a perfunctory non-apology. Gandhi was having none of it and Aiyar, who seems to think that he is still debating in the rarefied environs of the Shakespeare Society in St. Stephen's college, was out. Contrast that with his motor-mouthing when...


After Rahul Gandhi Rebuke, Congress Suspends Mani Shankar Aiyar Over "Neech" Remark NEW DELHI: Senior Congress leader Mani Shankar Aiyar was suspended from the primary membership of the party on Thursday for calling Prime Minister Narendra Modi a "neech aadmi", a remark that PM Modi said was aimed at his humble origins. Congress vice president Rahul Gandhi had responded to the volley of attacks from the BJP over the comment by his sharp disapproval of the language used by Mr Aiyar during the day and asking him to apologise. The Congress' decision to later suspend Mr Aiyar and seek his explanation is seen as an attempt to insulate the party from the controversy that erupted just two days before the first phase of Assembly elections in Gujarat. The BJP and PM Modi, who was campaigning in Gujarat, had invoked Mr Aiyar's remarks to target the Congress through the day. "Shriman Mani Shankar Aiyar today said that Modi is of 'neech jaati' (low caste) and is 'neech' (vile). Is this not an insult to Gujarat? This is an insult to the great legacy of India. This is born of Mughal mentality," he told an election rally in the state's diamond city, Surat. PM Modi...

Need of New Reform Agenda to Revive India’s Growth Story – By Areesha Fatma

In this decade of rapid developments in the global economy vis-a-vis emerging new economic stance in the United States, emerging protectionism in the advanced economies, recovery in Global trade; turn around in China’s economic growth and various geo-political issues, India stands on the cusp of major change, a transformation that could lead to unprecedented economic growth. The Indian economy has been observing various changes, turmoil and adjustments in the form of reforms during the past two-three years. Two key reforms undertaken in the regime of Hon’ble Prime Minister Shri Narendra Modi primarily historic demonetization drive and newly introduced GST have been both bane and boon for our economy which is quite evident as per the GDP estimates for Q1 and Q2 for FY2017-18.The economy still hasn’t revived from the aftershocks of cash crunch as the consumption demand has been impacted severely and the teething problems associated with GST implementation are still persisting. According to the much awaited CSO data released by Ministry of Statistics and Implementation recently, real GDP registered an increase in the growth rate from 5.7% in the Q1 of FY18 to 6.3% in Q2 of FY18. Also, quarterly Gross Value added (GVA) registered an increase in...

Must Read

Increase more than 700% of Email Subscribers!
Dolor aliquet augue augue sit magnis, magna aenean aenean et! Et tempor, facilisis cursus turpis tempor odio. Diam lorem auctor sit, a a? Lundium placerat mus massa nunc habitasse, arcu, etiam pulvinar.
  • Goblinus globalus fantumo tubus dia
  • Scelerisque cursus dignissim lopatico
  • Montes vutario lacus quis preambul den
  • Leftomato denitro oculus softam lorum
  • Spiratio dodenus christmas gulleria tix
  • Dualo fitemus lacus quis preambul pat
  • Montes vutario lacus quis digit turtulis
  We hate spam and never share your details.
Subscribe To The Newsletter & Get Latest Updates
Your Information will never be shared with any third party.