-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...

-Livemint.com State’s response to organised violence in India often hinges on a political cost-benefit analysis Days before the verdict in rape case against Dera Chief Gurmeet Ram Rahim Singh, his supporters started gathering in Panchkula. A lot of violence could have been prevented by not letting them come there. Why did the government allow this? The Dera is hardly a benign spiritual organisation. It holds significant political clout and openly declares support...

-The Indian Express The failure of populist rural credit schemes stems primarily from poor understanding of farm indebtedness in the first place. From the 1970s, a lot of private investment in tube-well irrigation, farm mechanisation and allied agricultural activities took place with bank credit support. After the establishment of National Bank for Agriculture and Rural Development (NABARD) in 1982, institutional credit flows not only accelerated, but also exhibited diversification to fund livestock...

-Livemint.com Farm loan waivers will strain the finances of states, and harm both farmers and banks over the long run In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation. How much of an impact will...

-The Indian Express The decision on compulsory counting of paper trail slips, which was approved by the full Commission before Nasim Zaidi retired as the Chief Election Commissioner on Wednesday, is a response to the demand made by political parties at a meeting held by the EC on May 12. In a bid to further reinforce the credibility of electronic voting machines, the Election Commission (EC) has decided to mandatorily tally...