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The spectre of deflation -Himanshu

-Livemint.com It is not just the low inflation reported in June which confirms a declining demand but also the macro fundamentals of the economy which belie any optimism of 7%-plus growth The second volume of the Economic Survey was presented on the last day of the monsoon session of Parliament on 11 August, preventing Parliament from holding a discussion on the state of the economy as outlined by the report. The second instalment,...

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RBI says 98.96% of Rs 500, Rs 1000 notes returned after demonetisation -Gopika Gopakumar

-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...

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BJP MPs stall panel report flaying demonetisation

-The Times of India NEW DELHI: The Parliamentary standing committee on finance failed on Tuesday to adopt two reports critical of the government — on demonetisation and on the revised formula for calculating growth — in the face of vocal opposition by BJP and some non-NDA parties. The report on demonetisation, circulated in the morning ahead of the committee meeting, said the measure had cost the economy 1% of GDP. The other...

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Don't criminalise marital rape, may disturb institution of marriage: Government -Shalini Nair

-The Indian Express Section 375 of the IPC dealing with rape makes an exception for such instances within marriages and holds that “sexual intercourse by a man with his own wife, the wife not being under 15 years of age, is not rape” STATING THAT what “may appear to be marital rape” to a wife “may not appear so to others”, the central government took a stand against criminalising marital rape, in...

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Fact check: Did the government advocate privacy as a fundamental right as Ravi Shankar Prasad says? Not really -Mayank Jain

-Scroll.in Hours after the Supreme Court held privacy to be a fundamental right, Minister of Information and Technology Ravi Shankar Prasad claimed that the Narendra Modi government was in favour of declaring privacy a fundamental right. Is this correct? First, here is what Prasad said at a press conference in Delhi after the judgement was pronounced Thursday morning: “Government welcomes judgement. Government has been of the view, particularly with regard to Aadhaar,...

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