-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
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The intriguing case of data on ‘Communal Incidents’ in India -Bharath Kancharla
-Factly.in Year after year, there is discrepancy between the data on communal incidents reported by the Home Ministry & the NCRB. In this story, we look the numbers, the discrepancies and the way forward. After a delay of 1.5 years, the National Crime Records Bureau (NCRB) has recently published Crime in India-2017 report. The report furnishes the statistics of the various crimes committed in India during 2017. This annual report from NCRB...
More »Civil society group welcomes failure to sign RCEP; calls it 'bad deal for democracy' -Joe C Mathew
-Business Today RCEP trade deal: The group said that the Indian govt should not agree to the RCEP even in future as it will be a 'bad deal for democracy, for farmers, workers, will subvert our sovereign laws and compromise India's industrialisation potential'. Forum for Trade Justice, a pan-civil society network has welcomed the failure of the 16 negotiating countries to reach a consensus over the conclusion of the world's largest free...
More »When politics spills over to agri sector: Pulses, oilseed growers lose out to cane farmers in Maharashtra -Parthasarathi Biswas
-The Indian Express Soyabean, which covers around 5.34 lh of area in the region, is being cultivated more recently, said Ashok Bhutada of the Kirti Group. Of the 70 lakh hectares (lh) of cultivated area in Marathwada, sugarcane is grown over only 2 lh. In contrast, pulses and oilseeds have a bigger share, with farmers growing them over 11.37 lh and 13.11 lh respectively. The sugar sector in the state, however,...
More »RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans...
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