-The Hindu The agenda to set up a development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a development bank. Ms. Sitharaman said: “In order to improve access to long-term Finance, it is proposed to establish an organisation to...

-Hindustan Times It threatens individual sovereignty, undermines citizen rights, and is a lost chance to meaningfully grapple with data colonisation Data is a sovereign asset,” said the Union minister of railways and commerce, Piyush Goyal, at the G20 meeting in Japan. Goyal was against using free trade agreements to justify the free flow of data. Instead, he said, government restrictions on data flows would allow India to be able to use “personal,...

-Newsclick.in It’s just a parlour trick to disguise financing of government spending that does not appear in the formal Budget. We all know by now, that economic activity in this country has come to a grinding halt. That’s not just bad for our earnings, but also for the Government of India (GoI). Because, when people don’t buy or sell things, or even produce them, the government doesn’t get enough taxes. So, economists...

-TheWire.in The government, as part of an ongoing survey to identify them, has left out almost half the people who said they were engaged in manual cleaning work. In India, there are more than 40,000 people working as manual scavengers in 84 districts of 14 states. This information was revealed after a survey begun by the Central government in 2018 for their identification. This number is three times that of the number...

-Newsclick.in Measures announced by the Finance minister are mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s Finance minister Nirmala Sitharaman for supposedly boosting a sinking economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...