-The Hindu During the same period, an amount of ₹39.68 lakh was collected in foreign Currency, according to information now available on the Fund’s website The PM CARES Fund collected more than ₹3,076 crore in the first five days after it was set up, according to information now available on the Fund’s website. “During 2019-20, an amount of ₹3,076.62 crore was collected under PM CARES Fund,” says the response to a query on...
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Corona has pushed Bharat to the brink -Sayantan Bera
-Livemint.com * A prolonged lockdown will hurt farmers about to harvest the winter crop and the landless living on daily wages * Continued disruption in the food supply chain will eventually hit consumers if prices vary widely across regions. This uncertainty has also hit 70 mn households in rural India who own small dairies NEW DELHI: Baburao Sanap has no clue how to pull himself out of a big mess —he’s saddled with...
More »Problematic revisions: We need fewer, quicker economic growth estimates -AK Bhattacharya
-Business Standard The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years! When the Central Statistics Office (CSO) declared India’s gross domestic product (GDP) growth figure for 2016-17 on January 6, 2017, economic policy makers in the Narendra Modi government were disappointed. The GDP growth figure was only...
More »So easy to copy? Rs 2,000 notes make 56% of all seized fake Currency, shows NCRB data -Mukesh Rawat
-IndiaToday.in NCRB data show fake notes of Rs 2,000 entered the market days after PM Narendra Modi's demonetisation announcement. Today they are the biggest contributors to the value of seized counterfeit Currency in India. "In a country's history, there come moments when every person feels he too should be part of that moment, that he too should make his contribution to the country's progress. Such moments come but rarely," said Prime Minister...
More »The opacity around electoral bonds -Trilochan Sastry
-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
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