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Will foreign companies now 'loot' India's coal? -Abir Dasgupta & Paranjoy Guha Thakurta

-Newsclick.in Allowing 100% FDI in coal mining is raising apprehensions that foreign companies will now ‘plunder’ mineral resources for commercial purposes for sale in the open market. The Narendra Modi government’s decision to allow 100% foreign direct investment (FDI) in coal mining has been opposed by the Left on the ground it would enable multinational mining companies to “plunder” the country’s mineral resources. Those supporting the move, however, argue that foreign investment in...

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Rs 71,500 crore worth of bank frauds detected in FY19: RBI report -Ashwin Manikandan

-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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Shock slowdown -R Suryamurthy

-The Telegraph New Delhi: The Indian economy grew at its slowest pace in more than six years at 5 per cent in the first quarter of 2019-20, deepening worries about subdued factory output and resultant job losses. It also fanned concerns about the Narendra Modi government’s ability to crank up demand amid clear indications that urban consumption had also started to slacken after rural demand went into a deep rut several quarters...

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'Population Explosion': The myth that refuses to go -Sarojini Nadimpally

-TheWire.in Even more dangerously, demographically driven population regulation measures, ignore women's rights over their own bodies. The spectre of population control has emerged to haunt us yet again. The Prime Minister of India, in his Independence Day speech on the August 15, expressed concern about “population explosion creating various problems for the coming generations” and complemented those who “follow the policy of the small family” as contributing to the development of...

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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...

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