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RBI's Inflation Mandate Failure Report Cannot Be Made Public, Government Tells Parliament

-ANI/ NDTV.com The government told Parliament that the RBI had submitted its report on the inflation target failure, but it cannot be made public. New Delhi: The government on Monday told Parliament that the Reserve Bank of India (RBI) had submitted its report on the breach of the inflation target for three consecutive quarters, but it cannot be made public per the provisions of the RBI Act. Union Minister of State for Finance...

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It’s incomprehensible as to how data of nearly 46 years is missing altogether, says Parliament panel looking into hostel scheme for Scheduled Caste students -Abhinay Lakshman

-The Hindu Only 819 hostels — 391 for girls and 271 for boys — have been sanctioned since the BJRCY scheme’s revision in 2007, against the target of constructing one each in every Block headquarters of low literacy districts  The Parliamentary Standing Committee (PSC) on Social Justice and Empowerment on Monday flayed the Union Government over 46 years of missing data for the Central scheme to construct hostels for Scheduled Caste boys...

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Why is there friction between the government and the judiciary? -Krishnadas Rajagopal

-The Hindu What is the trigger for the current conflict? Why did the Supreme Court strike down the law on National Judicial Appointments? What is the government’s grouse against the Collegium system? What is the new CJI planning?  The story so far: A major confrontation is on between the Union Government and the Supreme Court over the former’s resentment towards the Collegium system of appointments and its push to have a dominant...

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Scientists, experts challenge govt’s GM mustard yield data

-The Tribune New Delhi: Amid the central government’s claim of 28 per cent higher yield of GM mustard in the Rajya Sabha, former government scientists and agriculture experts have accused the government of fiddling with GM DMH -11 data. The government is said to have claimed that there is 28 per cent higher yield of GM mustard than that of other varieties. Dr SE Pawar, who has worked at nuclear agriculture &...

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What is in store for India’s imports?

There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

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