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INDIA’S GENERAL GOVERNMENT DEBT NEEDS TO BE CONTROLLED

RISING STATE GOVERNMENT DEBTS ARE A MATTER OF CONCERN
Nantoo Banerjee - 2024-01-08 12:08
There is nothing to panic immediately about India’s current general government debt, for which the International Monetary Fund has warned that it may exceed 100 percent of the country’s gross domestic product (GDP) in the medium term, or by 2028. In its annual ‘Article IV’ consultation report, IMF said that long-term risks are high and stressed the need for “new and preferably concessional sources of financing.” Interestingly, K.V. Subramanian, India’s executive director at the IMF, said: “The risks from sovereign debt are very limited as it is predominantly denominated in domestic currency. Despite the multitude of shocks the global economy has faced in the last two decades, India’s public debt-to-GDP ratio has barely increased from 81 percent in 2005-06 to 84 percent in 2021-22 and back to 81 percent in 2022-23.” The IMF report carries his statement. The IMF visualized the global debt at US$97 trillion in 2023.

URBAN UNEMPLOYMENT RISES SHARPLY IN DECEMBER 2023

MODI GOVERNMENT WILL HAVE TOUGH TIME AHEAD THIS YEAR
Dr. Gyan Pathak - 2024-01-08 12:04
As India heads towards General Election 2024, sharp rise in urban unemployment in December 2023 exposes again the falsehood of government’s narrative and propaganda regarding employment generation under the leadership of PM Narendra Modi.

UNPREDICTABLE NITISH IS RESPONSIBLE FOR WEAKENING OF INDIA BLOC

OPPOSITION LEADERS SQUABBLING OVER SEATS INSTEAD OF STRATEGISING
Arun Srivastava - 2024-01-08 10:58
Increasingly, it seems that it is not the BJP per se, but the leaders of the constituents of the united opposition’s INDIA bloc are its worst enemies. While the core committee of the senior BJP leaders has been burning the midnight lamp finalising the list of the candidates, working out electoral strategy and collecting demographic data of the constituencies from which the party intends to field its candidates, the leaders of the INDIA bloc have been engaged in bitter fighting over share of seats in various states and are yet to finalise their strategy.

MUMBAI'S INFRA RUSH PUSHES THE CITY'S FRAGILE ECOLOGY TO ITS LIMIT

UNPLANNED PROJECTS POSE A THREAT TO THE LIVING OF 20 MILLION PEOPLE
Arun Kumar Shrivastav - 2024-01-08 10:41
As Prime Minister Narendra Modi is slated to inaugurate the 22-kilometer Mumbai Trans Harbour Link (MTHL) on January 12, it's time to look at the fragile ecology yet expanding infrastructure ecosystem of Mumbai. MTHL, India's longest sea bridge, snakes gracefully across the Thane Creek, connecting Navi Mumbai to Mumbai. This engineering marvel promises to slash travel times between the two cities, unlocking new economic integration and development avenues.