Experts at Delhi-based non-profit, Centre for Science and Environment, have slammed the Intended Nationally Determined Contributions (INDCs) of the United States, saying they are “neither fair nor ambitious, and (are) way short of what is needed to keep global warming under 2°C”. They say the country’s climate action plan, submitted
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The Bibek Debroy Committee in its interim report on the Indian Railways recommends sweeping changes in the way the ailing organisation runs. From encouraging private players to run trains to eliminating the Railway Budget altogether, the report dwells on all that ails Indian Railways and recommends steps to decentralise its operations for
With an aim to make India a significant partner in global trade by 2020, the government on Wednesday unveiled a new Foreign Trade Policy (FTP). Talking about the new policy, which aims at boosting India’s exports, Commerce Minister Nirmala Sitharaman said that PM Narendra Modi’s pet projects, ‘Make in India’
To address the infrastructural bottlenecks, complex procedures and manufacturing hurdles, the new trade policy announced two new schemes — Merchandise Exports From India Scheme (MEIS) and Services Exports From India Scheme (SIES). Aiming to nearly double India’s exports of goods and services to USD 900 billion by 2020, the commerce
Growth is robust on the Central Statistical Office’s charts but not on the visible ground. Commercial vehicle sales picking up and some activity on coal mining constitute the only good news. Yet another interest rate tweak is not suddenly going to catalyse a huge upswing in the mood or investment.
By V Srinivasan The monetary policy easing cycle gained more momentum over the previous quarter with the Reserve Bank of India cutting policy rates by 50 bps, through two inter-meeting moves. While this has brought substantial cheer to various stakeholders, there has been considerable debate on why ‘transmission’ of the