-Livemint.com * A ground report reveals the rural landless poor are struggling to find work, and cutting down on staple food items * The govt needs to urgently expand the food safety net as it is SITting on surplus foodgrain stocks. The rural jobs scheme needs more funding and prompt payments CHITRAKOOT/ PANNA: It is well past 2 in the afternoon, but the wall clock hanging in Seema’s bare room is stuck at...
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FM SITharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra
-The Indian Express It is unclear why the government initially assured the RBI that RBI "alone" will issue electoral bonds as it could not do so under Section 31(3) of RBI Act. On Tuesday, replying to a question in Rajya Sabha raised by DMK’s Tiruchi Siva about what the Reserve Bank’s “indirect” approval to the issuance of electoral bonds meant, Finance Minister Nirmala SITharaman said: “RBI, being a stakeholder, was involved in...
More »Anti-Citizenship Bill protests: Army deployed in Assam, Tripura; Internet suspended
-The Hindu Assam follows Tripura in suspending mobile internet in 10 districts for 24 hours. GUWAHATI/ AGARTALA: Two columns of the Army were deployed in Guwahati and in Kanchanpur and Manu areas of Tripura on Wednesday as protests against the Citizenship (Amendment) Bill (CAB), 2019, continued for the second day. Another column, requiSITioned in western Assam’s Bongaigaon district, has been put on standby and the paramilitary Assam Rifles have been deployed in the...
More »Serious questions confront policymakers. Yet data are not reliable enough for them to be answered -Arvind Subramanian & Josh Felman
-The Indian Express Running an economy, especially one that is in a predicament such as India’s today, is infinitely more complicated and the data demands are hence commensurately greater. A Data Big Bang effort along the lines proposed here would make that difficult task less challenging. As the government responds to the challenges posed by the economic slowdown, there’s an ignored area of reform, where simple measures could have potentially big payoffs....
More »Can a cut in tax rates pull the economy out of the woods?
-The Indian Express A cut in income tax will naturally mean a loss of revenue for the government, which will impact the fiscal deficit. The quantum of the revenue loss will depend on how deep the tax cut is. Finance Minister Nirmala SITharaman has said that the government is considering cutting tax rates to revive growth. “Tax rate cut is one among the many things we are thinking to boost growth,” SITharaman...
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