-NetworkIdeas.org Before joining the neo-liberal order, India used to have “rupee payment arrangements” with the Soviet Union and Eastern European socialist countries under which the main international reserve currency, the US dollar, was used neither for settling transactions nor even as the unit of account in terms of which the trade-related transactions were denominated. The dollar in short was used neither as the means of circulation, nor even as the unit...
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Census should not be just data-oriented: House panel
-The Hindu ‘It should portray culture and society’ The Parliamentary Committee on Home Affairs has said that the coming census exercise “should not merely be data-oriented; rather it should portray the perspective of culture and society.” Members of the panel felt that since the current census has not commenced yet, an effort should be made on the part of the Ministry of Home Affairs (MHA) through the Registrar General of India (RGI) to...
More »Why more women voted for the BJP in 2022 elections -Rahul Verma
-IndiaToday.in More women voted for the BJP than men in all four states that the party won in the recently concluded Assembly elections, according to the data. Here's why. The story of women voting in India has added one more puzzle for social scientists to decipher. In the past decade, the research largely focused on the increasing voter registration among women and their higher turnout rate at polling booths. The combined effect...
More »How the Crude Oil Price Spike Will Upend India's Fiscal Balancing Act -Kaushal Shroff
-TheWire.in India will have to brace itself for an inflationary shock that will only serve to bludgeon a COVID-ravaged economy. Russia’s offensive refuses to pause. Since February 24, a little over 2.3 million Ukrainians have fled seeking a safe haven while the Russian army is upping the stakes and making the war exponentially dirtier by attacking civilian enclaves, non-military infrastructure and even hospitals. On March 10, Russia retaliated to the banking, business and...
More »MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
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