-Hindustan Times Just how many people in India are poor? The question remains unanswered with yet another government panel failing to define an official “poverty line”. After a year and half of work , a 16-member task force headed by NITI Aayog vice chairman Arvind Panagariya has failed to reach a consensus and suggested to the government that another panel of specialists be asked to do the job. HT has a copy of...
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How Well Does India Understand Inflation? -Deepanshu Mohan
-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...
More »Govt hints at lower hikes in support prices for farmers -Zia Haq
-Hindustan Times The government could move away from large hikes in support prices for farmers, agriculture minister Radha Mohan Singh hinted on Wednesday, signalling a key farm policy shift aimed at rationalising subsidies and taming inflation. The minister said some people thought the “only way to shore up farmer income is through minimum support prices”. “Wrong. This alone won’t do unless farmers diversify their activities into livestock, kitchen gardens, fishery etc. That’s our...
More »Grain vanishes from Punjab godowns; may burn Rs 12,000-crore hole in bank books -Sangita Mehta & MC Govardhana Rangan
-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab government's food borrowing programme to provide for potential...
More »Duplication of accounts under Jan Dhan Yojna on rise: Survey
-PTI The report noted 31% of multiple account holders (with a bank account in addition to PMJDY) are actively using alternate bank account. New Delhi: Duplication of accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY) is on the rise while 28 per cent of accounts are lying dormant, says a survey by financial inclusion consulting firm MicroSave. According to the survey, conducted in 42 districts spread across 17 states and one union...
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