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Huge unsold housing inventory across 35 cities in the country is one of the key reasons for the Great Indian Economic slowdown, according to former chief economic adviser Arvind Subramaniam. In a working paper titled "India's great slowdown- What happened? What's the way out?", Arvind Subramaniam estimates that this vacant real estate inventory has locked up funds worth Rs 13 lakh crores, resulting in huge unpaid loans to banks. "While developers could in principle tempt buyers by reducing prices, they couldn't do that in practice because lower prices would have destroyed the (notional) value of the collateral that they pledged…

As the central and state governments seek to boost startups and create a startup culture, there has been a spurt in young entrepreneurs experimenting with innovative ideas that will become the next unicorn. In 2019 alone, over 1300 startups were registered in the country. India currently has around 8900 startups in the technology domain alone. While a good number of new ventures are centred around technologies like artificial intelligence, other fields too are seeing a host of startups, some examples being YourStory, a startup about startups, legal-tech startups such as Leegality and startups focusing on social issues like Think Niti,…

On December 19th at Bengaluru, eminent historian Ramachandra Guha was dragged away by the police while protesting the Citizenship Amendment Act (CAA), on the charge that he had violated Section 144 of the Criminal Procedure Code (CrPC). Guha later retorted that the crowds had been protesting non-violently in a disciplined way to uphold the values of the Constitution and told the Police Commissioner: “You have used a colonial-era law to suppress us and our voices."  Not Guha alone, hundreds of protesters, that included included Swaraj India chief Yogendra Yadav and politicians D Raja, Sitaram Yechury, Umar Khalid, Sandeep Dikshit and…

Near the city centre, the clock tower, is the gleaming ‘mobile lane’, home to around 40 shops selling all varieties of mobile phones and electronic accessories. This creates a new problem for the city’s waste management authorities -- managing the increasing amounts of e-waste being generated. Significantly, the state’s pollution control board does not have a dedicated database on e-waste as it does on solid waste or plastic waste (available on its website). The state with 13 districts has only seven registered e-waste dismantlers and recyclers. Authorisation for all these e-waste dismantlers and recyclers seems to have expired in 2018,…

Many of us have multiple health insurance policies such as a retail policy, a corporate plan and a family floater plan. And yet, we almost never consider claiming health benefits using them together for a treatment. The reason is that most people don’t know how to leverage multiple policies for a maximised claim. Yet, multiple policies can help you recover the maximum amount of treatment cost at times. But an important point to note here is that you can never claim an amount more than the treatment expenses. To benefit from multiple policies when filing a medical insurance claim, here…

Is junk food as hazardous as tobacco? The country’s regulator FSSAI seems to think so. In a draft regulation published by FSSAI dated October 30 2019, FSSAI has proposed that no person shall offer or expose for sale of pre-packaged foods which are referred to as foods high in fat, salt and sugar within 50m of a school campus, in addition to ensuring that the food served within the school campus be healthy. While this may be a timely move, when India has been ranked 2nd on child obesity, second only to China, the key lies in the implementation and…

On November 27th, a tweet by Ashok Khemka, principal secretary of the Science and Technology Department, caught the attention of netizens and media, though one cannot call it entirely surprising. A senior IAS officer of the Haryana cadre, Khemka was already known to be Haryana's second-most transferred bureaucrat (52 times in his 27 years of service) and shared news of his 53rd transfer through this tweet. https://twitter.com/AshokKhemka_IAS/status/1199625574173462528 Khemka, born in Kolkata** and an alumnus of IIT Kharagpur, shot to limelight through a series of exposés, including the Robert Vadra DLF land grab scam, Sonepat-Kharkhoda IMT land scam case and Garhi…

All those who draw pension from the Employees  Provident Fund Organisation (EPFO) under the Employees’ Pension Scheme, 1995 must submit a 'life certificate' attested by a gazetted officer by November 30 each year to continue receiving pension. Those who fail to do face the prospect of having their pension withheld until the submission of the certificate. The entire process involved had come under fire for being very time consuming and inconsiderate of the needs and health conditions of old and ailing pensioners who had to wait in long queues to submit the life certificate. Pensioners who have moved locations after…

The Ministry of Road Transport and Highways has made FASTag mandatory for all vehicles that currently pay toll, starting December 1, 2019. The nation-wide introduction of FASTag is part of the National Electronic Toll Collection Programme which aims to achieve cashless toll collection, fast movement of vehicles across toll plazas and reduction in congestion. The rollout of FASTags will be limited to National Highways  and select state highways in the initial stage with all state highways expected to follow suit by March 2020. What is FASTag and how will it work? FASTag is a rechargeable prepaid vehicle tag that is…

As rapidly-expanding Guwahati, northeast India’s largest metropolis, gears up to clean its air under the National Clean Air Policy (NCAP), a study suggests a cocktail of natural and man-made pollutants wafting through the air is tinkering with the city’s rainwater quality. Guwahati in Assam is among the 122 ‘non-attainment’ cities identified for implementing mitigation actions under the national policy, which means it does not meet the National Ambient Air Quality Standards. Researchers said pinpointing critical sources of air pollution and their contributions to the problem are essential to crafting effective city and region-specific air pollution control plans. Connecting the dots between the origin of…