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Job offers shrink for IIT graduates, campus hiring falls to 66% this academic year. Here's why -Neelam Pandey

-Hindustan Times The slide in recruitment from what are considered premier technical institutes reflects the possible impact of the economic downturn in India as also globally One of every three IITians graduating this year either didn’t find a suitable job or wasn’t found suitable for a job through campus placement, official data show, pointing to shrinking employment opportunities for India’s large pool of engineering talent. Only 66% of those who made themselves available...

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New WPI series suggests higher core inflation rate in past 6 months: CRISIL

-Business Standard WPI inflation for April is at 3.9%, which is 144 (bps) lower than the March inflation rate The Ministry of Commerce and Industry unveiled the revised wholesale price index (WPI) on May 12, 2017 as per the 2011-12 base year. As per this release, WPI inflation for April is at 3.9%, which is 144 basis points (bps) lower than the March inflation rate. The decline is mainly due to a...

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In Response To RTI, RBI Says Sharing Details Of Demonetisation Process May Hurt Country's Economic Interests -Ashwini Srivastava

-Outlook Six months after the announcement of demonetisation by Prime Minister Narendra Modi, the RBI has declined to share details of the note ban process, saying it would be detrimental to the country's economic interests. Replying to an RTI query, the central bank said disclosing such details may impede future economic or fiscal policies of Government of India. The Reserve Bank of India (RBI) was asked to provide a copy of the minutes...

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Rich-poor divide in India widening as economy grows: Report -Chetan Chauhan

-Hindustan Times A new report examining 25 years of India’s economic liberalisation says exclusion of a large section of Dalits and Muslims have not gained adequately from the growth unlike more influential empowered sections of the society As India’s economy grew rapidly, the inequality between the richest and the poorest rose, the number of landless farmers increased and employment generation was lowest in 2015, says a new report examining 25 years...

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Note ban philosophy -Richa Roy

-The Indian Express Six months on, there appears little justification for demonetisation in theories of politics, governance. Demonetisation has been evaluated through multiple dimensions — political, economic, constitutional, legal — and the role of the institutions involved. However, what were the philosophical underpinnings for “the most sweeping change in currency policy that has occurred anywhere in the world in decades”? One might think demonetisation was from the utilitarian school (given the rhetoric around...

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