-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...
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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 »Women out of work: ‘We were moving up the ladder and ab lagta hai kisi ne seedhi chheen li’ -Somya Lakhani
-The Indian Express The Covid lockdown has set off sweeping economic distress in cities but its crucial dimension has remained untold: the silent, devastating toll on the working woman in the city suddenly out of work *A month into the lockdown after she lost her job at an energy policy institute that paid Rs 24,000 a month, 29-year-old Reshma, a post-graduate in social work, sent her four-year-old daughter to live with her...
More »Rajasthan’s Migrant Workers Adapt In Changing Job Market -Sunaina Kumar
-IndiaSpend.com New Delhi: At 7 a.m. every day, Vala Ram Gameti, 32, sets off from his home at Koviya village in southern Rajasthan to the nearest market, about 3 km away. He takes an hour for the day’s prep--chopping onions, carrots, cabbage, and stewing sauces. By 9 a.m., he pulls up the shutters of Bankyarani Chinese Corner, “the first-ever Chinese food stall in the area” as he proclaims it to be....
More »Jharkhand Assembly passes resolution on ‘Sarna Code’ -Mukesh Ranjan
-The New Indian Express The resolution will seek a special column for followers of the ‘Sarna’ religion in the Census 2021. RANCHI: During the one-day special session on Wednesday, Jharkhand Assembly passed a resolution for the provision of a separate ‘Sarna Code’ for tribals. Chief Minister Hemant Soren tabled the proposal, which was passed unanimously with a voice vote by the Assembly. The resolution will seek a special column for followers of the...
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