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Sentiments do have real economic benefits -Renu Kohli

-The Telegraph Investors may be buying stocks again, but fundamental drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...

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Rs 71,500 crore worth of Bank frauds detected in FY19: RBI report -Ashwin Manikandan

-The Economic Times Indian Banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19, the RBI report said. Indian Banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19 which to put in scale is slightly more than the Rs 71,000 crore recapitalisation package planned by the government to revive the health of its public-sector Banks. Interestingly, over 90 percent of these losses were to the government...

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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)

-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...

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Less cash economy fails? Currency in circulation zooms 17% in FY19

-PTI Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019. Mumbai: Despite many an effort to shift to digital payments and usher in a ‘less cash’ economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its...

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A more precarious citizenship -Sanjib Baruah

-The Indian Express India is unlikely to deport to Bangladesh people who fail NRC test. But the millions who will become non-citizens will have fewer rights The phrase “India’s internal matter” has featured prominently in the country’s diplomacy in recent days. It cropped up repeatedly in the government’s responses to the international fallout of the moves on Jammu and Kashmir: To scrap Article 370 and downgrade the state to a Union...

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