01-02-2017

the hindu
1.Note ban a radical measure: CEA

emonetisation will have an impact on economic growth, says Arvind Subramanian

The government’s Chief Economic Adviser Arvind Subramanian on Tuesday said there was a sense of anxiety about the economy’s prospects following demonetisation and stressed the need to allay the fears of an overzealous tax regime in its aftermath,

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2.SC rejects plea to stay jallikattu law.

A few hours after the President gave his assent on Tuesday to the Tamil Nadu amendments in the Prevention of Cruelty Act of 1960 to allow jallikattu, the Supreme Court refused to stay the new State law. read more

3.Not statehood,want more powers: Delhi govt to SC

The Delhi government on Tuesday told the Supreme Court that it was not seeking full statehood for Delhi but more administrative powers, contending that a “democratically elected government cannot be subservient to the Lieutenant Governor”.  read more

4.Demonetisation’s long shadow.

The Economic Survey presented on the eve of the Union Budget has been dominated by a singular action of the government. As Chief Economic Adviser Arvind Subramanian stated, “To deify or demonise demonetisation that is the difficult question the world is asking,  read more

5.Cricket’s new order.

The Supreme Court has named a four-member Committee of Administrators to run the affairs of the Board of Control for Cricket in India as part of a continuing judicial exercise to reform the way the body is administering the game. While few will sympathise with the BCCI office-bearers  read more

6.Drawing up a diet plan

The welfare challenge lies in providing assistance to needy households to ensure adequate diets without creating conditions in which they opt for inferior diets that are too heavy on cereals

With the Kerala government’s decision to implement the National Food Security Act (NFSA) from April, the whole country will be covered by the legislation.

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7.This land is their land.

Despite the new land acquisition law, questions of resettlement and rehabilitation persist

The Bhangar violence in West Bengal recalls yet again the intensity of conflicts over the acquisition of land for infrastructure projects. These conflicts continue despite the new and ostensibly improved land acquisition law,

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8.Violations in India, penalties elsewhere.

British engineering giant Rolls-Royce recently agreed to pay a $809-million fine (over ₹5,500 crore) for its corrupt practices in India, Russia, China, Thailand, Nigeria and Malaysia.  read more

9.Push to solve India’s twin balance sheet problem.

The Public Sector Asset Rehabilitation Agency can tackle cases of over-leveraged companies and the rising bad loans in public sector banks

The Economic Survey called for a need to set up a government-owned asset reconstruction company, PARA (Public Sector Asset Rehabilitation Agency) in an attempt to resolve India’s twin balance sheet problem – over-leveraged companies and the rising bad loans in public sector banks.

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10.CSO revises 2015-16 GDP growth to 7.9%.

Government has marginally revised upwards GDP growth for 2015-16 to 7.9 per cent from the earlier estimate of 7.6 per cent after factoring in latest data on agriculture and industrial production.  read more

11.Economic Survey wants modification of FRBM Act.

ndia has “changed utterly” over the last 13 years since the Fiscal Responsibility and Budget Management (FRBM) was enshrined in law for prudent fiscal management and therefore, the FRBM operational framework designed in 2003 “needs to be modified to reflect the India of today and even more importantly, the India of tomorrow,” according to the Economic Survey.  read more

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1. SC refuses to stay new jallikattu law.

In a relief to jallikattu supporters, the Supreme Court on Tuesday refused to stay the new legisla tion passed recently by the Tamil Nadu assembly but warned the state government not to allow commotion on the streets, reminding that law and order was its prime duty .   read more

2. Notebandi to slow down FY '17 GDP growth: Survey

The Indian economy’s growth rate in the current financial year could be around 6.5% to 6.75% after accounting for an adverse impact of about 0.25 to 0.5 percentage points due to demonetisation, the official Economic Survey released on Tuesday said.  read more

tie
1.Growth to hit a 4-year low, thanks to demonetisation.
2.Economic survey dreams of income for all.

The Economic Survey 2016-17 presented in the Parliament Tuesday was a sombre, matter-of-fact economic progress card. Despite Chief Economic Advisor Arvind Subramanian’s theatrical flourish, the survey tells the story straight: India’s economy has slowed.  read more

3.Din in J& K house over CM Art 370 quip.

SRINAGAR: A day after Jammu and Kashmir Chief Minister Mehbooba Mufti’s hard posturing on Article 370 and terming those opposing the law granting special to the State as “anti-nationals”, J&K’s Legislative Assembly on Tuesday witnessed pandemonium, uproar, protests and adjournments.  read more

4.Survey’17: A Guarded report card.

NEW DELHI: India will grow at the rate of 6.75-7.5 per cent in 2017-18, states Economic Survey 2016-17. “Demonetisation will have both short-term costs and long-term benefits,” said Arvind Subramanian, chief economic advisor (CEA).  read more

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