The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers—about 482 million people who earn cash incomes—and disrupt India’s consumption patterns for at least the next quarter, according to an assessment released last week by Deloitte, an international consulting firm. In contrast, sectors like e-commerce and payment banks, … Continued
Datum 1: Bank branches increased at 5% per year, but automated teller machines (ATMs), debit cards and card-swiping machines have doubled in four years and online transactions have grown 20 times in six years to 2016, Reserve Bank of India (RBI) data show, a process likely to be greatly boosted by demonetisation. Datum … Continued
A woman wears a mask to protect herself from the pollution during a protest in Delhi. An Aam Aadmi Party minister put out a social media petition asking citizens for suggestions to check pollution following reports that Delhi is experiencing the worst smog in 17 years. On November 2 and 5, 2016, some areas in … Continued
Rs 14 lakh crore–or $217 billion, 86% of the value of Indian currency currently in circulation–will become useless from midnight of November 8, 2016, part of the government’s crackdown on black, or unaccounted, money. Rs 500 notes amount to Rs 7.85 lakh crore (approx. $120 billion), while Rs 1,000 add up to to … Continued ...
There has been an 8% increase in tax assesses–from 36 million in assessment year 2013-14 to 39 million in assessment year 2014-15, according to data released by the income tax department. Tax liability increased 13% from Rs 393,918 crore to Rs 446,719 crore. As many as 61% of the assesses in 2014-15 … Continued
On October 15, 2016, a stampede during a religious procession in Varanasi, Uttar Pradesh, left 25 people dead. Between 2001 and 2014, there were 3,126 incidents of stampede at mass gatherings, which resulted in the deaths of 2,421 people. On average, 14 persons died in about 19 stampedes every month since the turn of … Continued
Two fire accidents on consecutive days–one in a hospital in Bhubaneswar, and the second in a high rise in Mumbai–have again raised questions on violation of fire safety norms across the country. While 19 people died in a fire in Bhubaneswar’s Institute of Medical Sciences and SUM Hospital, two people died in an … Continued
A view of a steel factory in Gujarat. India ranked 39th out of 138 countries in the Global Competitiveness Index. Amongst 12 sub-indicators considered to arrive at the index, India fared worst at technological readiness (110th). India improved its ranking from 55th of 144 countries to 39th out of 138 countries in one year, … Continued
Government policies that increase final retail price of sugary drinks by at least 20% would lead to proportional reduction in consumption of such products, according to a new report Fiscal Policies for diet and prevention of non-communicable diseases by the World Health Organization (WHO). “Reduced consumption of sugary drinks means lower intake of … Continued ...
As India prepares to ratify the terms of the Paris Agreement on climate change on October 2, Gandhi Jayanti, it must prepare to fulfil a global commitment by ensuring 40% of its power capacity comes from non-fossil fuel sources by 2030, up from 30% today as per the ministry of power assessment in August … Continued