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Modi govt's disinvestment targets make LIC's health, wealth deteriorate -Prudhviraj Rupawat

-Newsclick.in LIC’s bad loans bulged by 145% in the last five years to Rs 30,000 crore in September 2019. Life Insurance Corporation of India (LIC) has been struggling with rising non-performing assets (NPAs) and downgraded investment portfolio of Rs 67,387 crore, reveals the insurer’s latest public disclosure figures. The biggest public insurer has been witnessing a deteriorating health since 2014, significantly due to massive investments in cash-strapped public and private entities pushed...

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It's time to move away from paddy-wheat cropping cycle to end air pollution

  Air quality in North India in general and Delhi National Capital Region (Delhi NCR) in particular plunged to its lowest point in recent years during October-November thanks to a variety of factors. Through media reports one comes to know that stubble burning (also called paddy straw burning/ crop residue burning) is chiefly responsible for the Public health crisis in India's capital and its nearby regions. Data accessed from the website...

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Economic slump: Busting official myths on consumer preferences -Ranjini Basu

-Newsclick.in Data confirms an acute demand crisis in rural India and beyond. Finance Minister Nirmala Sitharaman’s latest statement on millennials contributing to the auto industry slowdown by shifting their preferences—choosing Ola or Uber ride-booking services instead of buying cars—is feeding many a meme on social media. Even before her statement, sections of industry and the banking sector had been pushing this argument. Not just private banking giants, such as Uday Kotak, but even...

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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)

-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...

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Lancet does what Indian media won't -GS Mudur

-The Telegraph 'The people of Kashmir need healing from the deep wounds of this conflict, not subjugation to further violence and alienation' If nature abhors a vacuum, so does journalism. The Lancet, an international medical journal, has referred to Prime Minister Narendra Modi’s “prosperity” justification for the changes in Jammu and Kashmir and said the people there first need healing, not subjugation and alienation. The journal has also raised concerns about the mental...

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