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The Economic Survey 2018-19 presented to Parliament on Thursday has called for a drastic restructuring of the strategy in the MSME sector for higher generation of jobs in the coming year’s underlining that the smaller firms in the sector have to grow fast through induction of technology and latest expertise. The Survey is not convinced about giving special incentives to the labour intensive sectors since what matters most is whether or not investment enhances productivity.

Miltablishment has become somewhat hyperactive in Pakistan. The Opposition smells a rat. A meeting of major political parties, opposed to the ruling coalition government, led by the Pakistan Tehreek-e Insaf, in the Pakistani capital on 26 June assumed political significance. Convened by the Jamiat Ulma-e Islam, an Islamist political party albeit distanced from the Pakistani Taliban and other terrorists, the participants represented liberal, conservative, ethno-nationalist trends as also JUI. “This meeting has emphasized parliamentary, constitutional, and civilian rule in the country. We will oppose every move aimed at weakening the parliamentary democracy in our country”, said JUI chief Maulana Fazlur Rehman while briefing newspersons.

7th July is a historic day when the UN General Assembly passed Treaty Prohibiting Nuclear Weapons in 2017. The treaty is an opportunity which the global community must utilize to make the world free of nuclear weapons. An opportunity lost may never be regained.

The Economic Survey 2018-19 is euphemistic in tone. A little despair on account of much troubled economy has been taken away instilling a little hope through attractive phrases and portraying an ailing economy as potentially a great economy of the future. Survey departs from traditional Anglo-Saxon thinking by viewing the economy as being either in a virtuous or a vicious cycle, and thus never in equilibrium, and then goes on claiming that the ‘virtuous cycle’ has begun indirectly saying that ‘vicious cycle’ has ended for good. However, the heart of the matter is that the present Indian economy is under great duress, under ‘viscious cycle’ both in domestic and external sectors.

BHOPAL: The Government servants all over the state of Madhya Pradesh must have heaved a sigh of relief after hearing Prime Minister Narendra Modi’s denunciation of Akash Vijayvargiya’s act of goondaism. After the Lok Sabha elections reports were pouring in Bhopal about the assaults on government servants from various districts of the state. In most of the cases culprits belong to the BJP or their subsidiary organisations. Besides violent attack the BJP leaders served oral threats. BJP cadres had created a climate of terror after loss of power.

The Budget deals with allocating money towards areas where the government thinks it is essential to spend and finding out ways such as taxes, to finance it. The Government primarily requires money to spend on social infrastructure (such as Swachh Bharat mission), physical infrastructure (such as railways, roads, and airports) and transferring funds to the poor and the deprived (through schemes such as MGNREGA, PM Kisan, and PM Shram Yogi Mandhan).

After having put all election-sensitive issues beyond the 2019 the Lok Sabha poll, the Supreme Court has resumed its business. All those issues will now come up before the court, but after it had conveniently deferred them all to a more opportune time.

Weekly Round-Up of Major Decisions of the Courts in India as also Legal Policy Developments

Difficult fiscal situation gave little head room to the new Finance Minister Nirmala Sitharaman to provide much needed stimulus in her maiden budget July 5 to pump prime the slowing economy. Sitharaman like most finance ministers is in an unenvious position as she will have to resort to a tight rope walk to kick start the economy at a time domestic demand is low, macro-economic fundamentals not so strong, global economy slowing, exports slowing down besides widespread farm distress and difficult monsoon year.

After an year long embroilment in trade tiff, embracing tariff war and export subsidies, Modi-Trump summit, on the sideline of G-20 summit in Kobe, became a game changer. It set up a tone for readjustment rather than retaliation. Till now, USA was a staunch accuser of India’s high tariff, saying it Tariff King and alleged India’s export subsidies as WTO non-compliant. Trump’s bully abrogated GSP (Generalized Preference Scheme) benefits, alleging India as one of the causes for USA trade deficit. India enjoys trade surplus with USA.