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How not to plan for a rainy day -R Srinivasan

-The Hindu Business Line The drastic change in the monsoon pattern in recent years calls for a holistic — and quick — policy response First, credit where credit is due. India’s planning and administrative machinery grinds exceedingly slowly, but eventually, it does get there, provided there is a big enough spur, and the political will to see changes through. Nothing illustrates this better than the fallout of two super cyclones of near...

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A milestone in greater transparency, accountability -Madan Lokur

-The Hindu The launch of the Jan Soochna Portal in Rajasthan is a vital cog in access to the right to information The Jan Soochna Portal (JSP) launched by the government of Rajasthan yesterday is a remarkable achievement in furtherance of the right to information (RTI) — especially Section 4 of the RTI Act — that deals with proactive disclosure of information. Transparency must be accompanied by accountability, and that is where...

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Getting the economy to turn around -Ajay Shankar

-The Hindu Business Line Lowering the exchange rate to boost exports, a grant-based stimulus for auto sector and reviving stalled power projects will help The slowdown in the Indian economy is far steeper than what most observers had expected. The government has announced a set of measures for revival. It has also indicated that more are in the pipeline. For this to have become necessary within weeks of the presentation of the...

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Remaking the idea of an Indian citizen -Yamini Aiyar

-Hindustan Times The Constitution promises religion-neutral citizenship. NRC and its fallout could upend that The controversy unfolding in Assam over the National Register of Citizens (NRC), published on August 31, has brought to the fore important fault lines in the construction of citizenship in contemporary India. In particular, it places the spotlight on the role of key institutional actors – the bureaucracy and judiciary – in adjudicating citizenship. Crucially, the implementation of...

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Poor recoveries under IBC can derail Centre's Rs. 70,000-cr recap plan -Radhika Merwin

-The Hindu Business Line Barring few cases, large haircuts of 70-90 per cent are continuing to hurt banks While the Centre’s decision to frontload capital infusion of Rs 70,000 crore into PSBs has boosted sentiment, unless there is quick resolution of large accounts under IBC, this may achieve little. What is of more concern, is the paltry amount that banks have been realising from the resolution of accounts under IBC. A look at...

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