-PTI/ Financial Express As per the directions, the bank shall not, without the prior approval of the RBI, grant or renew any loans and advances, make any investment, incur any liability, and disburse or agree to disburse any payment. The Reserve Bank of India (RBI) on Friday imposed several restrictions on Laxmi Cooperative Bank Ltd, Solapur, including a Rs 1,000 cap on withdrawals for customers, due to deterioration in its financial position. The...
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Demonetisation one of independent India’s most devastating measure that left a permanent scar on the economy -Prabhat Patnaik
-National Herald The combination of ignorance, arrogance and the desire for “shock and awe” on the part of Modi government can be quite lethal, as the Indian people have learned to their great cost In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes of Rs 500 and Rs...
More »Globalisation and its discontents, in Haryana -Roshan Kishore
-Hindustan Times From January 15, 2022, a law giving 75% reservation for local residents in private sector jobs will come into effect in Haryana From January 15, 2022, a law giving 75% reservation for local residents in private sector jobs will come into effect in Haryana. To be sure, the policy will only apply to jobs where the monthly salary is up to ₹30,000. The announcement has already triggered a rethink among...
More »A solution to India’s stubble burning and climate change problems is growing around its cities -Aaran Patel
-Scroll.in Regenerative agriculture on the fringes of cities can bolster food security while helping the country achieve its climate goals. With the onset of winter, a blanket of smog has once again settled over northern India, caused in part by deleterious agricultural practices. Heedless of the environmental outcome of their action, farmers in the region are burning crop stubble in fields to reduce manual drudgery and expedite sowing of winter crops. It...
More »The State that failed -MG Devasahayam
-The Telegraph As the most inequitable country in the world after Russia, today's India is indicative of this fact The Union ministry of women and child development protested against the downgrading of India from 94 to 101 on the Global Hunger Index, 2021. According to the ministry, the proportion of undernourished population given in the report is “devoid of ground reality and facts, and suffers from serious methodological issues”. The ministry is protesting...
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