-PTI Says 7% growth not enough; centralisation of power a problem. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI governor Raghuram Rajan has said, asserting that the current 7% growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in Berkeley on Friday, Rajan said for four years — 2012...
More »SEARCH RESULT
Total Matching Records found : 4947
Jairam Ramesh Writes to President Arguing Against Dilution of Land Acquisition Laws
-TheWire.in In 2015, BJP leader and Finance minister Arun Jaitley urged states to pass their own laws related to land acquisition. New Delhi: Congress leader and Rajya Sabha member Jairam Ramesh has written to the President Ramnath Kovind arguing against the dilution of the Central land acquisition law by state laws. The former rural development minister has argued that states have used article 254 (2) ‘indiscriminately’ to frame state land acquisition laws...
More »Explained: How 100 frauds hit banks -Rahul Tripathi
-The Indian Express CVC report analyses 100 major frauds on public sector banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit rating; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors. New Delhi: The Central Vigilance Commission (CVC) recently came out with a report that analyses the top 100 bank...
More »Demonetisation: A circus, clowns and a silver bullet -James Wilson
-National Herald Two years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of...
More »Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no -Sunny Verma
-The Indian Express Last Wednesday, the Finance ministry said that the autonomy for the RBI “is an essential” and both the government and the RBI have to be “guided by public interest and the requirements of the Indian economy”. New Delhi: AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the...
More »
