-The Hindu Business Line Realising that DeMo pulverised MSMEs, an anxious Centre wants to hurriedly make amends. But loan disbursals may not help The spat between the government and the RBI is primarily in the realm of macroeconomic issues like the size of the reserves the central bank should hold and the methods of monitoring loans that could go bad. Yet, the political intensity of the government’s moves cannot be missed. Apart from...
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PMO's refusal to disclose Raghuram Rajan's letter on bad loans is not legal, says CIC
-Scroll.in The PMO has a ‘moral, constitutional and political duty’ to reveal to citizens who are the defaulters and what action has been taken against them, it said. The Central Information Commission has directed the Reserve Bank of India and the Prime Minister’s Office to disclose the list of wilful defaulters as well as a letter on bad loans written by the former RBI Governor Raghuram Rajan to the Centre, PTI reported...
More »Farmers and Their Nation
-Economic and Political Weekly The cultivating millions need a responsive nation; they have decided not to flee or desert it. In the last few months, the All India Kisan Sangharsh Coordination Committee (AIKSCC), consisting of nearly 200 farmers’ organisations, has been mobilising farmers for a march towards Delhi (Dilli Chalo). They plan to reach the capital city on 29 and 30 November. The AIKSCC’s main agenda is the demand for a special...
More »CIC pulls up PMO and RBI, asks to disclose wilful defaulters list, Raghuram Rajan's letter on bad loans
-The Indian Express Saying that the stand taken by the PMO will not serve any public interest, Acharyulu said, "If the RBI does not respect the SC orders and denies the citizens right to information, it will result in the perpetuation of a financial regime of secrecy." With the Reserve Bank of India’s board meeting set to be held Monday, the Central Information Commission (CIC) has once again directed the Prime Minister’s...
More »Outgoing Central Information Commissioner Sridhar Acharyulu interviewed by Priscilla Jebaraj (The Hindu)
-The Hindu Outgoing Central Information Commissioner Sridhar Acharyulu flags the impact of growing vacancies in the Commission Central Information Commissioner Sridhar Acharyulu, who took on the Prime Minister’s Office and the Reserve Bank of India in a case dealing with the non-disclosure of wilful defaulters of major bank loans, warned on his last day hearing RTI appeals that by December, he and three other CICs would retire, leaving the Central Information Commission...
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