-The Hindu 'Understatement of losses runs up to more than ₹2,000 crore’ The National Financial Reporting Authority (NFRA) has rapped ‘EY group firm’ SRBC & Co. LLP for failing to detect several problems in the IL&FS group’s transport venture while undertaking its statutory audit in 2017-18. The auditor’s lapses had led to losses being understated by more than ₹2,000 crore, INCorrect treatment of letters of comfort of ₹2,654 crore and improper valuation of...
More »SEARCH RESULT
Total Matching Records found : 29501
A flawed calculation of inflation -Arun Kumar
-The Hindu The current official inflation rate does not correctly measure price rise Inflation for the last four months has been worryingly high — wholesale price index (WPI) has been above 10% and consumer price index (CPI) crossed the 6% mark in June, which was above the Reserve Bank of India (RBI)’s tolerance band. This is happening at a time when demand has been down, unemployment has been high, many have lost...
More »Sri Lanka’s organic farming crisis: Learning from failures -Gurudas Nulkar
-Down to Earth Sri Lanka has found itself in an economic crisis in pursuit of producing 100% organic food ‘Lankan food crisis shows perils of organic farming’. This was the headline of a column by Indian economist Swaminathan Anklesaria Aiyar column published in a national daily recently. Aiyar’s article analysed the Sri Lankan food crisis, which has been triggered by the President’s recent decision to shift from chemical to organic farming. While the...
More »How important is MSP-based procurement -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org Though not featuring in any of the three farm laws, the Minimum Support Price (MSP) at which the government promises to procure 25 different commodities through different agencies, is a central issue in the standoff between the government and protesting farmers. The latter fear that the implementation of the three laws will end the MSP regime, with the government withdrawing from procuring output at a remunerative cost-plus price. The response...
More »What counts is seldom counted -S Irudaya Rajan and US Mishra
-The Hindu Census data in India are losing their relevance in the development agenda India is busy debating the caste census when the regular Census itself has not been conducted owing to the pandemic. It is quite ironic that various elections have been held, and people gathered together at large rallies flouting COVID-19 norms, while the Census has still not been conducted. This is the first time that India has not conducted...
More »
