-The Hindu The deluge in Kerala was made worse by inefficient management of 34 dams The people of Kerala have braved the worst calamity since the great flood of 1924. The floodwaters have receded from most of the affected areas barring Kuttanad. Most people have gone back to their homes from relief camps, only to find them battered beyond redemption. As the State is coming back to a “new normal” after the...
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MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
More »Cause for caution: On India's GDP growth -Puja Mehra
-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot...
More »Judiciary has become another institution where Muslims are more and more under-represented -Christophe Jaffrelot & Gilles Verniers
-The Indian Express Judiciary has become another institution where Muslims are more and more under-represented While the percentage of Muslims in prison has never been higher — 21 per cent — the proportion of Muslims convicted — 15.8 per cent — is closer to their share of the population (14.2 per cent in the 2011 Census). This indicates that many Muslims arrested by the police and charged end up being acquitted, usually...
More »What the NRC reveals about the challenges of being Bengali in Assam -Paramita Ghosh
-Hindustan Times The NRC exercise is about identifying illegal immigrants within Assam. So why are the Bengalis saying they are being targeted? In the subcontinent, people have lugged suitcases. Said goodbye to old neighbours and acquired new ones. They have changed cities, hammered nameplates on different doors, sometimes in one generation or in each of them. Moving in has never meant that you won’t move out. You may even get an answer out...
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