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Showing posts from June 9, 2018

An unexceptional economic performance

👉It is now clear that the Indian economy is moving along a lower growth path👈 At the end of May the Central Statistics Office (CSO) released much-awaited estimates of national income for the final quarter of the 2017-18 financial year. The timing coincided with the completion of four years in office of the National Democratic Alliance (NDA) government. In a propaganda blitz, surging through the Net, the government embraced the GDP figures to declare that it has successfully “accelerated growth”. However, while this holds true for the past few quarters it does not when the past four years are taken into the reckoning. The facts are that the annual rate of growth since 2014 has first risen and then declined. By 2017-18 growth at 6.6% was less than the 6.9% it was in the final year of the second United Progressive Alliance (UPA) government. 👉Along which horizon? So how you see the growth performance of the economy under Prime Minister Narendra Modi depends on the horizon chos

NEET nostrums

👉The national medical entrance test is here to stay; States must prepare their students better👈 There was no uncertainty over the medical admission process this year in Tamil Nadu. There were no attempts to get an exemption from the National Eligibility-cum-Entrance Test (NEET). And, willy-nilly, as many as 1.14 lakh aspirants took the examination that has been made mandatory by the Supreme Court as the sole admission window for medical colleges. Yet, the poor performance of students from Tamil Nadu in the entrance test has demonstrated that the State is still far from being ‘NEET-ready’. It is true that a well-intentioned beginning has been made to upgrade the syllabus and to make students more competitive. However, only 45,336 candidates, or 39.6% of those who took the test, qualified for admission. Along with Maharashtra, this is the lowest ratio in the country. What is important is that these candidates are merely eligible for admission, and far fewer students are actually li

A vicious cycle: on trade wars

👉The escalating trade wars will hurt economic growth worldwide👈 Nobody wants to lose a trade war. The European Commission on Wednesday announced it would impose tariffs as high as 25% on imports worth $3.3 billion from the U.S. beginning July. A whole range of American goods, from motorbikes and jeans to peanut butter and orange juice, will now face higher taxes when sold in the European Union zone. The Commission is also mulling import duties on more American goods if the trade war with the U.S. intensifies. Europe is not alone in waging a battle against imports from the U.S.; China, Mexico and Canada have joined hands in response to President Donald Trump’s decision to impose tariffs on steel and aluminium imports. Last week, the U.S. imposed a 25% tax on steel and a 10% tax on aluminium imports from the EU, Mexico and Canada. The first salvo in this ongoing trade war, however, was fired by Mr. Trump in March this year, when he imposed tariffs on Chinese steel and aluminium to

Questions of promotion

👉Barring a few exceptions, the judiciary has not been encouraging on quotas👈 The Supreme Court’s one line order that the government can go ahead with promotions in government offices — which will have bearing on Scheduled Caste/Scheduled Tribe (SC/ST) reservations in promotions — has come with the caveat “in accordance with law”. This is no victory at all as all such promotions, if made, will again be challenged due to a non-fulfilment of conditions laid down in earlier judgments (which under Article 141 of the Constitution are “law declared by the Supreme Court which is binding on all courts”). The solution could be an ordinance if the Dalit cause is dear to the government. 👉Significant verdicts Barring a few exceptions, the judiciary has not been encouraging on reservation policies. In the State of Madras v. Srimathi Champakam Dorairajan (1951), which related to medical and engineering seats, the Madras High Court struck down the reservation policy. The judgment led to