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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative

Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

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Suspicion of ideological filtering at IIT helm -Basant Kumar Mohanty

-The Telegraph Appointment process for two directors has been cancelled 10 months after a committee held interviews and shortlisted the candidates The appointment process for two IIT directors has been cancelled 10 months after a committee headed by education minister Ramesh Pokhriyal held interviews and shortlisted the candidates, suggesting a higher authority is overriding the education ministry in the selection of academic leaders. “The cancellation of the process to appoint directors to IIT...

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Delhi Riot complaint names BJP MLA, court seeks report from police

-The Indian Express As per the complaint, on February 23, Mumtaz's shop was set on fire by rioters named in the complaint. On that day, after filing an unnamed complaint with the police, Mumtaz alleged he spotted Bisht around 10 pm and heard him give a speech to a mob asking them to "find and kill Muslims" while the mob shouted, waving pistols and swords in the air. A Delhi court has...

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Media regulation that is quite over the top -Sashi Kumar

-The Hindu Bringing digital media under the I&B Ministry nips in the bud the promise of combative journalism The government’s move bringing online news and current affairs portals along with “films and audio-visual programmes made available by online content providers” under the Ministry of Information and Broadcasting is as brazen as it is wily. Brazen, because this is an attack on the free press, targeted at a section that has been bold and...

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Tech Platforms Feel the Heat -CP Chandrasekhar

-NetworkIdeas.org In a move that was expected, the US Justice Department has filed an anti-trust lawsuit against internet search giant Google, alleging that it resorts to anti-competitive practices to ensure its dominance in the search engine space and, through that, over the related online advertising revenues. As a leading example the case cites the successful effort to exclude the competition through a deal, in place since 2005, in which Google pays...

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