-The Indian Express Claims that Aadhaar has increased the demand and allocations of NREGA work rest on several faulty assumptions. Two newspaper articles in the Times of India and Financial Express claimed that Aadhaar linking boosts MGNREGA and has cut wage payment delays. Both articles were based on a working paper, “A Friend Indeed”, by members of the Digital Identity Research Initiative (DIRI) at the Indian School of Business (ISB), Hyderabad. The ISB...
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Subverting the Central Bank -Prabhat Patnaik
-Newsclick.in The Modi government has been trying to cut the RBI down to size for quite some time. The Modi government’s penchant for subverting institutions has now extended to the Central Bank of the country. Not content with eliminating the Planning Commission; decimating the finest universities in India; crippling the premier public sector unit of the country, the ONGC, by interfering in its decision making; bringing the nationalised banks to grief by...
More »Jean Dreze -- development economist -- interviewed by Jipson John and Jitheesh PM (Frontline.in)
-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...
More »RBI data on Public Sector Banks: In four years, banks' write-off over seven times recovery -Anil Sasi
-The Indian Express Even as the government has been trying to shore up PSB books through equity capital infusion and other measures, stressed assets have registered a steady rise since 2011. New Delhi: Between April 2014 and April 2018, the country’s 21 State-owned banks ended up writing off Rs 3,16,500 crore of loans even as they recovered Rs 44,900 crore written off on a cumulative basis — or less than one-seventh the...
More »Note ban failed to curb the menace of counterfeit currency, indicates RBI's Annual Report
Although containing fake notes in circulation was one of the objectives behind demonetisation when it was undertaken in 2016, recent data from the Reserve Bank of India (RBI) reveals that fake counterparts of some denominations grew during 2017-18 vis-à-vis the previous year. The recently released Annual Report for 2017-18 of the RBI shows that the total number of pieces of counterfeit notes of Rs. 2000/- denomination, which was detected in the...
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