Yes. Whilst public expenditure is kicking in, the key reason is the decline in private investment, says Vinayak Chatterjee. It is useful to start with a refresher. In the first half a century after Independence, India invested around 3.0 per cent of its gross domestic product (GDP) in infrastructure, which resulted in the tattered state of the sector till quite late in the 1990s. To summarise: The conservative annual requirement now is Rs 15 lakh crore. 53 per cent or Rs 8 lakh crore is ... Rediff.com, 1 week ago
About 56 per cent voters on Tuesday exercised franchise across 10 municipal corporations in Maharashtra, including the all-important Mumbai civic body Brihanmumbai Municipal Corporation which recorded a 55 per cent turn-out. The Bharatiya Janata Party and its bickering ally in the state government Shiv Sena, who could not form an alliance for the civic poll in the megapolis or elsewhere this time, fought keenly, lashing out freely at each other during the bitter campaign. State Election ...Rediff.com, 2 months ago
Want to find a phone charging point or reschedule a flight? Have a query about the parking facility or want to report an unclaimed item? Fret not, for the Indira Gandhi International Airport (IGIA) authorities are just a tweet away. In fact this, among other ...DNA, 2 months ago
Elections for Asia’s richest civic body -- the Brihanmumbai Municipal Corporation -- is right around the corner (February 21) and there’s a pitched battle between the political parties to stake claim to Mumbai’s civic body. Even as parties continue to battle it out, here’s a list of some interesting candidates who have thrown their hat into the ring. 1) Jayant Dandekar aka ‘Dada’ He is all of three feet tall but that hasn’t ...Rediff.com, 2 months ago
Democracies avoid serious political turbulence only so long as they ensure that the relative level of inequality between the rich and the poor does not become excessively large, says Vice President M Hamid Ansari. I recall the tablet that was affixed to the pedestal of the Statue of Liberty in the early years of the last century, and that reads: Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuge of your teeming shore, Send these, the homeless, ...Rediff.com, 2 months ago
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