-The Economic Times Indian banking system detected Rs 71,500 crore worth of FRAuds in financial year 2018-19, the RBI report said. Indian banking system detected Rs 71,500 crore worth of FRAuds in financial year 2018-19 which to put in scale is slightly more than the Rs 71,000 crore recapitalisation package planned by the government to revive the health of its public-sector banks. Interestingly, over 90 percent of these losses were to the government...
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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and inFRAstructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
More »A bottom-up approach to conservation -Madhav Gadgil
-The Hindu The Western Ghats panel’s suggestions stressed the need to strengthen grass-roots governance In 2018, many people thought that the floods and landslides in Kerala that caused huge financial losses and manifold human tragedies marked a once-in-a-century calamity, and that normalcy will return soon and we can merrily return to business as usual. Further, the probability of two such back-to-back events was only 1 in 10,000. Hence, in 2019, a repeat...
More »Policy by Whatsapp: A disregard of consequences in governing the new India -Samar Halarnkar
-Scroll.in Democracy requires a national character that isn’t grounded in ignorance and government policy that is not a sophisticated version of Whatsapp. It is now clear – 1,020 days after Prime Minister Narendra Modi told India he was wiping out 85% of its currency, by value – that demonetisation was not just a failure but a spectacularly misconceived move. That its destructive effects took at least 100 lives in its immediate aftermath,...
More »A Lancet Through India's Consciousness -Shah Alam Khan
-TheWire.in The IMA should realise that in a democratic setup, intellectual generosity comes not through jingoism but through persistent criticism, appraisal and reevaluation of government policies on health. The editorial on the current situation in Kashmir, published in the reputed British medical journal the Lancet, has stirred up a hornet’s nest. The journal has been criticised by the Indian Medical Association (IMA) and by the Indian Association of Surgeons, who termed it...
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