Cabinet easing mining laws

The Centre’s decision to liberalise norms for entry into coal mining and relax regulations on mining and selling coal in the country is significant in many respects. What is the amendment? Amendments to two legacy Acts through the Mineral Laws (Amendment) Ordinance 2020 cleared by the Cabinet on Wednesday will free the sector from restrictions

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Falling GDP trends

On Tuesday, the National Statistical Office (NSO) released the first advance estimates of the national income that projected growth in India’s GDP at market prices for 2019-20 at 4.98% in “real” terms, the lowest since the 3.89% in the global financial crisis year of 2008-09. But even more significant was the estimated growth of 7.53%

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Payments to go swadeshi: 50+ Crore revenue Businesses to compulsorily have Govt owned digital payment systems

In a move aimed at encouraging digital payments and helping India move towards a less-cash economy, the govt. has taken a significant step. It has decided that from February 1, companies with annual turnover of over Rs 50 crores which do not accept payments through home-grown RuPay and Unified Payments Interface (UPI) platforms will have

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Is the economy in really bad shape? Is this a result of a cyclical phenomenon or has it been driven by a structural malaise arising from deficiencies in the economic framework?

On November 30 this year, India’s statistical machinery revealed that growth in the quarter from July to September had slipped to 4.5%. This was the lowest level recorded in six-and-a-half years, with the 6.1% nominal GDP growth (real growth plus inflation) coming in as the slowest in a decade. Compared to the previous quarter when

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