-Financial Express While the government has reason to be pleased about the fact that the claims paid to farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) have risen by around 50%, to Rs 15,181 crore in Kharif 2017 as compared to Rs 10,425 crore in Kharif 2016, what is worrying is the dip in both the number of farmers as well as land area covered by the scheme. More so...
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Demonetisation, GST held back growth: Raghuram Rajan
-PTI Says 7% growth not enough; centralisation of power a problem. Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India’s economic growth last year, former RBI governor Raghuram Rajan has said, asserting that the current 7% growth rate is not enough to meet the country’s needs. Addressing an audience at the University of California in Berkeley on Friday, Rajan said for four years — 2012...
More »Missing the wood for the trees -Prabhat Patnaik
-The Indian Express Debate around RBI-government stand-off ignores the structural cause behind India’s economic woes: Interest rates as an instrument cannot achieve multiple, contradictory goals. The stand-off between the Narendra Modi government and the Reserve Bank of India has generated a false discourse on the one hand and an illusion on the other. In this discourse, the RBI’s position, articulated by its deputy governor, is that central bank policy has to be...
More »Three schools from Delhi have made it to the nationwide list of top 12 government schools -Janane Venkatraman
-The Hindu One student is making a drone, another a dancing robot. Scenes from two government schools in Delhi The walls of the entryway of the school are covered with bright charts that talk about everything from sustainable development and ‘Swachh Bharat’ to ‘happiness goals’ and exam schedules. The cream-coloured floor gleams and the sun peeps out from the clouds behind the rows of students — dupattas pinned, shirts tucked in, not...
More »Govt wants Rs 3.6 lakh crore from RBI, a third of its reserves, central bank says no -Sunny Verma
-The Indian Express Last Wednesday, the finance ministry said that the autonomy for the RBI “is an essential” and both the government and the RBI have to be “guided by public interest and the requirements of the Indian economy”. New Delhi: AT the heart of the RBI-government standoff is a proposal by the Finance Ministry seeking to transfer a surplus of Rs 3.6 lakh crore, more than a third of the...
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