Economy & News
GM animus dooms Indian farmers: Innovation is the answer to affordable Bt cotton technology
The
biggest threat to cotton farmers is the bollworm, because of its
ability to cause extraordinary damage to crops and livelihoods. In the
1990s, pesticides were the only weapon farmers had against the bollworm.
Half of all the pesticide consumption in India was accounted for by
just one crop - cotton. Yet, the ability of the bollworm to develop
pesticide resistance meant that millions of small cotton farmers in
India were being pushed into poverty. The situation changed only after
[….] Read more at:
Government may offer up to 15% discount on new vehicles if you junk your old ones
The
road transport and highways ministry has prepared a draft voluntary
vehicle fleet modernisation policy for four-wheelers older than 12
years. As per the policy, anyone voluntary scrapping his pre-Bharat
stage II vehicle (older than 12 years) will get up to 15% discount
(including manufacturer discount and rebate on excise duty) on new
vehicles. Both commercial and passenger vehicles will be covered in this
policy and government will give certificates of discounts those
scrapping their [….] Read more at:
Bengaluru's Basaveshwara Circle-Hebbal flyover plan may be junked
The
Bangalore Development Authority (BDA) is planning to drop the idea of
building the 6.9-km six-lane elevated road from the Basaveshwara Circle
to Hebbal. The project was meant to improve connectivity to the
international airport. Only two firms, Larsen & Toubro and Navayuga
Group, have been shortlisted through a tender process that opened
September last. The `1,350-crore project, however, is being edged out by
a bigger elevated corridor project which, planners believe, will
[….] Read more at:
Centre to plan structure of National Board for Skill Development Certification
The
government is readying to set up the National Board for Skill
Development Certification on the lines of a similar board for education
to set standards and certify skill development courses as part of one of
Prime Minister Narendra Modi's key focus areas. The skill development
and enterprises ministry will soon finalise the structure and role of
the proposed body, and move a cabinet note for inter-ministerial
consultations, following an announcement by Finance Minister [….]
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Government may consider 80 PSUs for asset sale or disinvestment
The
government plans to examine around 80 state-owned companies for either
strategic stake sale or sale of some assets or units under its renewed
disinvestment programme, a senior official said. The unique selling
point (USP) of these central public sector enterprises (CPSEs) will be
the various clearances that will come with such a sale along with the
ready infrastructure made available, said the official. In his budget
speech, finance minister Arun Jaitley had noted that the government will
[….] Read more at:
Services PMI cools to 3-month low, rate cut hopes brighten
India's
economic growth slowed in February and the services sector activity
fell to a 3-month low amid subdued growth in new orders, a monthly
survey showed today, adding to expectations of a rate cut by the Reserve
Bank. The Nikkei Services Business Activity index fell to a 3-month
low of 51.4 in February, from 54.3 in January, as increase in prices led
to muted demand. Although new orders at services firms continued to
rise in February, the rate of expansion eased to the weakest since last
[….] Read more at:
Thanks & Regards,
Meetesh Shiroya
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