-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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How GST and demonetisation impacted govt finances -Tadit Kundu
-Livemint.com Tax collections from goods and services tax (GST) have been underwhelming, and the Government is set to miss this year’s fiscal deficit target Mumbai: Widening the tax base and collecting more taxes has been a priority for the current Government at the centre. This Government’s two major economic disruptions—the introduction of goods and services tax (GST) and demonetisation—were justified in the name of raising tax compliance among other things. However, these...
More »Maharashtra farmer suicides have nearly doubled under BJP govt, drought to blame -Manasi Phadke
-ThePrint.in Chief Minister Devendra Fadnavis says his govt has tried to handle the drought situation, but any farmer suicide remains a matter of concern. Mumbai: Farmer suicides in Maharashtra have nearly doubled in the four years of the Bharatiya Janata Party (BJP)-led Government, despite a surge in the overall expenditure on the agriculture sector. Data from the state’s relief and rehabilitation department shows that 11,225 farmer suicides were recorded between January 2015 and...
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 »IMF must not interfere in Government vs RBI row: RSS economic wing -Anand Patel
-India Today The IMF had on Friday expressed concerns over the reports of growing interference of the Narendra Modi Government in the Reserve Bank of India. Swadeshi Jagran Manch (SJM) -- the economic wing of Rashtriya Swayamsevak Sangh (RSS) -- on Saturday (November 3) asked the International Monetary Fund (IMF) to not interfere in the internal affairs of India. The IMF had on Friday expressed concerns over the reports of growing interference...
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