-ThePrint.in Farmers’ issues have occupied centre stage after decades and compulsions of 2019 can create the political will to do something. When Raghuram Rajan opposes farm loan waivers, he ought to be taken seriously. Not just because he has the academic and policy credentials to talk about banking. Not just because he is backed by twelve other well-known economists. And, not just because he had the guts, as the RBI governor, to...
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Q2 GDP growth slows to 7.1% from 8.2% in Q1 -TCA Sharad Raghavan
-The Hindu Various ratings agencies had predicted such a slowdown in the second quarter due to the impact of rising oil prices on input costs, and also due to the effect of the rupee devaluation. New Delhi: Second-quarter GDP growth slowed to 7.1%, from 8.2% in the preceding three-month period, official estimates released on Friday show. Gross Value Added (GVA) growth eased to 6.9% in July-September, from 8%. The GDP expansion in the...
More »The demand for a special Parliament session on the agrarian crisis makes sense
-Hindustan Times Political parties should come clear on what they think is the best way to address the farm crisis Delhi will witness yet another farmers’ protest on November 29 and 30. However, this protest is very different from the others in terms of the nature of demands. Farmers’ groups are demanding a special session of parliament to discuss two private member bills, namely The Farmers’ Freedom from Indebtedness Bill, 2018,...
More »The oil & rupee problem -Kirit Parikh
-The Indian Express A balanced approach can reduce petrol price without affecting revenues. RBI mustn’t artificially shore up rupee The Brent crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the...
More »How Govt Milking of Cash Cow LIC is Endangering India's Most Trusted Life Insurer -Praneta Jha
-Newsclick.inGovt is repeatedly turning to LIC for its disinvestment agenda. The insurer's NPAs have doubled since the Modi regime took over, and now there is the possibility of it bailing out debt-ridden IL&FS. Since 2014, the Life Insurance Corporation of India (LIC) has spent, at least, Rs 48,000 crore so that the Narendra Modi government can meet its disinvestment targets.Meanwhile, the non-performing assets (NPAs) of the country?s largest insurer have...
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