-The Hindu Business Line IOB, BoB and Canara Bank lead, finds study by Commonwealth Human Rights Initiatives New Delhi: As the Finance Ministry and the central bank try to clean up the balance sheets of troubled public sector lenders, a new study has found that banks that saw a sharp rise in bad loans in 2014-15 were not very forthcoming with information requests by the public. While noting that there was “no positive...
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NOTA: More than just an option -Vasanth Srinivasan
-The Hindu Proponents of poll reforms see it as a ray of hope,others feel votes could be better used The 2013 Assembly Elections in five states saw the debut of the NOTA (short for the None of the Above) option that enables voters to reject all the candidates in the fray in a particular constituency. While the Supreme Court itself primarily focused on secrecy (which the earlier 49-O process compromised on as it...
More »Clearing the air on LPG -Siddharth George & Arvind Subramanian
-The Indian Express Several questions have been raised about our estimates of the savings from the DBT scheme for cooking gas. But all parties accept that the programme reduced subsidised sales by 24 per cent. Direct cash transfers have the potential to improve the economic lives of the poor by transferring benefits to households quickly and directly. Achieving these benefits requires thoughtful design of schemes, and careful, rigorous analysis of ongoing...
More »Who stole my broadband? -Thomas K Thomas & Pratim Ranjan Bose
-The Hindu Business Line BusinessLine goes to villages, including those visited in 2014, to understand the progress of the ambitious National Optical Fibre Network. Unused infrastructure and low awareness tell a story of missed links In one corner of the Ramnagar village panchayat office, in Panisagar block of Tripura, is a defunct four-year-old computer. The machine, connected with a 10 mbps broadband line was supposed to bring digital services to this remote...
More »In fact: There is a drought in many parts of India. Why hasn’t it been noticed? -Harish Damodaran
-The Indian Express Because this time, it’s only rural producers, not urban consumers, who are feeling the heat This time’s drought has been a most unusual one. Even with three consecutive bad crops (kharif 2014, rabi 2015, and kharif 2015) and a fourth not-so-great one (thankfully, there’s been no big damage from the unseasonal rain and hail unlike in March 2015), annual consumer food price inflation is only 5.3 per cent. In the...
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