-Hindustan Times Paharganj, once a bustling, thriving market whose entire economy depends on foreign tourists, is a microcosm of the devastation caused by the ongoing coronavirus crisis in the capital’s tourism sector. Satyam Bhatnagar runs a handicrafts shop in Paharganj’s main bazar, a backpackers’ paradise that boasts of hundreds of touristy establishments such as money changers, hotels, rooftop restaurants, tour operators, and handicrafts shops selling a range of stone and wood sculptures,...
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Raghuram Rajan says proposal to allow business houses into banking is a 'bad idea' -J Jagannath
-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...
More »What is a bank moratorium, and when does it come into play? -K Bharat Kumar
-The Hindu * When does the Reserve Bank of India intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...
More »The peculiar rise of protein inflation -Sayantan Bera
-Livemint.com * The supply chain disruption in poultry continues, further hurting the nutritional standards of poorer households * The current steep prices of items that make up the retail food basket—be it eggs, pulses or vegetables—is evidently taking a toll on millions of Indian households NEW DELHI: Banks should not advance large loans to farmers, least of all to those in the poultry business, an exasperated Ramesh Mehla said over the phone. He...
More »Harsh Kerala law brings 5yr jail for content ‘that could insult’ people, media under lens too -Rohini Swamy
-ThePrint.in Kerala Governor Saturday signed ordinance seeking amendment to Kerala Police Act to control online bullying and virtual abuse of women, children. Bengaluru: Kerala journalists are viewing the Kerala Police Act Amendment ordinance as a new attempt to gag the media, saying the new legality gives the state legal grounds to object to reports the ruling party may deem unfavourable. Governor Arif Mohammed Khan Saturday signed the ordinance seeking an amendment to the...
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