It is not unusual for construction workers excavating sites to stumble on ruins or even dinosaur fossils in certain parts of the world. In India, excavation of construction sites is likely to throw up the bones of infrastructure companies and non-banking finance companies (NBFCs) that financed them, which were nearly driven to extinction during the pandemic.
India’s Production Linked Incentive (PLI) scheme, launched in 2020 with high expectations, aimed to provide a subsidy of Rs 1.9 lakh crore over six years. However, as of March 2023, only Rs 3,400 crore in claims have been received and Rs 2,900 crore disbursed. The scheme had, therefore, experienced a significant shortfall.
Rise of Bangladesh: Implications for India’s North-East | Panel Discussion | #DiplomacyDialogue | IMPRI #WebPolicyTalk #IMPRI Center for International Relations and Strategic Studies (CIRSS), IMPRI Impact and Policy Research Institute, invites you to an IMPRI #WebPolicyTalk event, as a part of…
India's journey from Export Processing Zones (EPZs) to Special Economic Zones (SEZs) marked a significant shift in its approach to promoting economic growth and attracting investments. However, over time, the SEZ framework faced challenges and failed to achieve the desired outcomes.
In the wake of one of the worst train accidents last Friday at Balasore, Odisha, journalists have turned an unsparing spotlight on rail safety. Many unsavoury features of Indian Railways now stand exposed in the glare of public scrutiny, ranging from the systematic underfunding of the rail safety fund and the snail -pace rollout of the rail safety mechanism, Kavach, to the damning CAG report on train derailments, and the sorry state of the Railways' finances.
The official GDP growth data hides the reality of tepid growth and a decline in good employment.
The Reserve Bank of India’s (RBI) announcement of withdrawal from circulation of the ₹2,000 currency notes has caused much incredulity. Tamil Nadu Chief Minister M.K. Stalin quipped, “500 doubts, 1,000 mysteries and 2,000 blunders”, and Rajya Sabha member P. Chidambaram said, “Demonetisation has come full circle”. The Union government has distanced itself from the decision by letting the RBI announce it.