-The Indian Express As against this claim, the Reserve Bank of India's latest data shows that the public sector banks could recover a total of only Rs 15,786 crore in the fiscal year 2016-17 and 2017-18 till December 31 through all recovery channels, including IBC. The BJP claimed on its Twitter account on Saturday that the “Insolvency and Bankruptcy Code (IBC), 2016 has resulted in recovery of Rs 4 lakh crore out...
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How MGNREGA can be re-engineered for doubling of farmers' incomes -Ashok Pankaj & Mondira Bhattacharya
-The Indian Express The NDA government’s approach towards MGNREGA — the Mahatma Gandhi National Rural Employment Guarantee Act — has differed from that of the previous UPA regime in one significant way: There is greater emphasis now in the building of “individual household” assets, as opposed to “community” assets, under the scheme that provides 100 days of guaranteed wage employment annually to every rural household whose adult members volunteer to do...
More »Economic Graffiti: Why morality matters to economics -Kaushik Basu
-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font starts out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....
More »Fund fight: Why population became a sticking point for Centre and states
-The Times of India • What does the Finance Commission do? In India’s federal structure, taxation powers and obligations for various services — like law and order, health, education — are unequally shared between the Centre and the states. Hence, the Constitution mandates the setting up of a Finance Commission (FC) every five years to recommend how revenues from central taxes should be shared between the Centre and the states. A fair...
More »People protest after denial of ration over Aadhaar seeding -Nisha Nambiar
-The Times of India PUNE: Navabai Ansari, a maid from Mangalwar Peth, is a harassed woman. It has been over two months now, but the fair price shopowner in her area won’t give her food grains as her husband’s Aadhaar and the ration card are not linked. Nirmala Rajput, a daily wager, from Guruwar Peth has also been denied her mandatory ration by a fair price shopowner in her area for over...
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