-The Economic Times The monsoon made a dream start this year. Bountiful rainfall in June has prepared the ground for bumper harvest and lower food inflation. But don't celebrate. Look beyond the immediate future and good monsoon this year may not really be good news. It has merely delayed an agricultural crisis, which our complacent policymakers perhaps need to jolt them into action. With food demand rising in step with the growing...
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Fixed deposits earning you negative returns-Mayur Shetty
-The Times of India BANGALORE: Holders of fixed deposits have been earning a negative return in real terms for most of the preceding five years, thanks to inflation outstripping interest rates. To make matters worse, depositors continue to be taxed on this nominal income. Although bank fixed deposits have never been tax friendly, the level of compliance has been sketchy. But compliance is slowly getting stricter. In the past, RBI norms required banks...
More »Why the CPI says no to RTI -S Sudhakar Reddy
-The Indian Express But parties can be made to disclose their finances compulsorily We have received a number of inquiries about the CPI's position on bringing parties under the Right to Information (RTI) Act. The decision of the Central Information Commission (CIC) that political parties should come under the RTI, as they receive a substantial amount of financial help from the government, has been rejected by all parties. Many eyebrows were raised...
More »When friends and foes are all the same-MK Venu
-The Hindu The hostility to the UPA's food security Bill from both its allies and the Opposition stems not from substantial objections to the draft law itself but from other political grouses The decision to bring an ordinance to provide food security to 67 per cent of the country's population was received with much hostility by the Opposition parties last week. The latter seemed surprised that the United Progressive Alliance (UPA) could...
More »When incomes grow, but jobs elude -Sonalde Desai
-The Indian Express The latest NSSO data also underlines the increasing absence of women from the labour market Every time results from one of the "thick" rounds of the National Sample Survey come out, we get into a feeding frenzy, trying to slice and dice the statistics for changes since the previous round. Since NSS large rounds are typically conducted every five years, there is perhaps some sense to it, particularly when...
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