-The Indian Express Debate around RBI-government stand-off ignores the structural cause behind India’s economic woes: Interest rates as an instrument cannot achieve multiple, contradictory goals. The stand-off between the Narendra Modi government and the Reserve Bank of India has generated a false discourse on the one hand and an illusion on the other. In this discourse, the RBI’s position, articulated by its deputy governor, is that central bank policy has to be...
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Three schools from Delhi have made it to the nationwide list of top 12 government schools -Janane Venkatraman
-The Hindu One student is making a drone, another a dancing robot. Scenes from two government schools in Delhi The walls of the entryway of the school are covered with bright charts that talk about everything from sustainable development and ‘Swachh Bharat’ to ‘happiness goals’ and exam schedules. The cream-coloured floor gleams and the sun peeps out from the clouds behind the rows of students — dupattas pinned, shirts tucked in, not...
More »Haryana govt spends Rs. 22.93 cr a year on former MLAs' pension Ashok Kumar
-The Hindu India’s richest woman, former CM O.P. Chautala among beneficiaries A businesswoman figuring on the Forbes list of top ten richest Indians and a former Chief Minister currently in jail after being convicted in Junior Basic Trained teachers’ recruitment scam and the son of a former Chief Minister are among the 262 beneficiaries of the Haryana government’s pension scheme for former MLAs with an annual expenditure of Rs. 22.93 crore, an...
More »Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no -Sunny Verma
-The Indian Express Last Wednesday, the finance ministry said that the autonomy for the RBI “is an essential” and both the government and the RBI have to be “guided by public interest and the requirements of the Indian economy”. New Delhi: AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the...
More »CIC issues show-cause notice to RBI governor for non-disclosure of wilful defaulter's list
-PTI “The Commission feels that there is no match between what RBI Governor and Deputy Governor say" The Central Information Commission (CIC) has issued a show-cause notice to RBI Governor Urjit Patel for “dishonouring” a Supreme Court judgment on disclosure of wilful defaulters’ list. The CIC has also asked the Prime Minister’s Office, the Finance Ministry and the Reserve Bank of India (RBI) to make public the letter of former RBI governor Raghuram...
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