-The Hindu The credibility of the RBI, the CSO and the Niti Aayog has taken a beating in recent times due to political interference Nobel laureate Oliver Williamson pondered over an important question, around 25 years ago: “Why are the ambitions of economic Development practitioners and reformers so often disappointed?” According to him, “one answer is that Development policymakers and reformers are congenital optimists. Another answer is that good plans are regularly...
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RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans...
More »Inequality of another kind -Sumeysh Srivastava
-The Hindu Why the right to Internet access and digital literacy should be recognised as a right in itself Recently, in Faheema Shirin v. State of Kerala, the Kerala High Court declared the right to Internet access as a fundamental right forming a part of the right to privacy and the right to education under Article 21 of the Constitution. While this is a welcome move, it is important to recognise the...
More »Can we prevent rural suicides? Yes, it is possible, says a recent WHO-FAO publication
Almost one in every five suicides in the world is committed by self-poisoning with pesticide, which mostly occur in rural, agricultural areas of low- and middle-income countries (LMICs), states a new publication entitled 'Preventing Suicide: A resource for pesticide registrars and regulators'. Published jointly by the World Health Organization (WHO) and the Food and Agriculture Organization of the United Nations (FAO), the booklet says that the adoption of green revolution technology...
More »No worries, government assures dairy industry on RCEP -Jitendra
-Down to Earth India’s homegrown dairy industry would require a support of around Rs 8-10 per kilogram of milk if the government allows import of dairy products from New Zealand and Australia under RCEP The Union government would not take any decision against the interests of homegrown cooperatives and private dairy companies as far as the Regional Comprehensive Economic Partnership (RCEP) was concerned. This was the assurance given by the Union Ministry...
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