-The Indian Express The Corruption Perception Index generates short-lived hype/hysteria but rarely prompts a Pygmalion effect. Measurement of corruption has remained a perennial problem. Transparency International’s (TI) first Corruption Perception Index (CPI) released in 1995 was a bold initiative. Until then, corruption was a taboo topic. International financial institutions regarded corruption as an internal policy matter of the respective countries. Does the CPI nudge governments to initiate anti-corruption reforms, referred to as...
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Petrol, diesel price hike: RBI governor calls for reduced indirect taxes on fuel -Anulekha Ray
-Livemint.com * Central and state taxes make up for 60% of the retail selling price of petrol and over 54% of diesel * On 20 February, petrol price was hiked by record 39 paise per litre and diesel by 37 paise a litre Reserve Bank of India governor Shaktikanta Das called for reduced indirect taxes on petrol and diesel to contain the fuel prices at a reasonable level. Petrol and diesel prices in...
More »India's real GDP to expand by 10.1% in FY2022: Icra
-Livemint.com/ PTI Icra expects the headline CPI inflation to decline to 4.6% in FY2022 from 6.4% in FY2021, while exceeding the mid-point of the Monetary Policy Committee's medium target of 4%, for the third consecutive year MUMBAI: Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1% in FY2022. It, however, said the value of GDP in the next financial year will...
More »The RBI’s ‘weighty’ food problem -Abhiman Das
-The Hindu Business Line The food articles’ high weight and their price volatility have reduced the efficacy of the central bank’s policy actions The flexible inflation targeting framework adopted by RBI in 2016 is considered a significant economic reform in India post 2000. Under this framework, maintaining a 4 per cent CPI headline inflation gets the highest priority in the hierarchy of monetary policy objectives. This rule based policy making renders monetary...
More »CPIM’s All India Kisan Sabha plays key role in building solidarity for farmers’ protest -Saubhadra Chatterji
-Hindustan Times For the AIKS, the experience of 2014 movement against the land bill and the 2018 long march in Maharashtra came handy this time The CPIM in India had long mastered the art of issue-based support. It’s farmer arm, All India Kisan Sabha (AIKS), increasingly widened the scope of such pacts to stage big-ticket protests such as the ongoing farmers’ agitation in the National Capital Region. For the AIKS, a key participant...
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