-Economic and Political Weekly This article tries to assess how KN Raj would have weighed in on some of the major contemporary issues like the trade policy, farm crisis and reprivatisation of public sector Banks on the basis of his many writings. It also highlights his views on the fundamental orientation that an academic discipline like economics needs to have for contemporary social relevance. Please click here to access the full article. ...
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Behind the politics battle, West Bengal’s slowdown economics -Sandeep Singh and Sunny Verma
-The Indian Express The anti-incumbency Banerjee faces is as much about local-level corruption and competing ideologies as it is about stalled industrialisation, weak credit growth, a near-freeze in new jobs, low infrastructure development and agriculture spend. AS West Bengal Chief Minister Mamata Banerjee fights perhaps her most significant electoral battle, framing her contest is not just BJP vs Trinamool politics — but the state’s economics as well. The anti-incumbency Banerjee faces is as...
More »Why privatising public assets is poor economics, impetus to greater wealth inequality -Prabhat Patnaik
-The Indian Express The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets. The government has adduced no reasons for the proposed privatisation of several public sector assets other than to generate resources for its spending....
More »Parliament proceedings -- Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur
-The Hindu “As per RBI data, scheduled commercial Banks (SCBs) have written off loans of ₹2,36,265 crore, ₹2,34,170 crore and ₹1,15,038 crore during FY2018-19, FY2019-20 and the first three-quarters of FY2020-21 respectively,” the Minister said. Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quarters of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank...
More »77% customers in India postponed decision to buy vehicle due to COVID-19: Survey
-TheNewsMinute.com A majority of respondents opted for nationalised Banks as the preferred financing option for purchasing a vehicle, the survey by CarWale revealed. Against the backdrop of the COVID-19 pandemic, online platforms have emerged as a preferred marketplace to buy vehicles digitally, according to a survey by auto research platform CarWale. The survey found that 60% of its respondents showed a willingness to buy their vehicle online, with good deals and convenience...
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