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Economic forecasting is not a science -Prashanth Perumal

-The Hindu India lost its tag as the ‘world’s fastest-growing economy’ last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter...

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How Delhi Government Schools Are Revamping Their Approach to Education -Gaurav Vivek Bhatnagar

-TheWire.in While the transformation is gradual, Delhi’s government schools have come a long way in improving their infrastructure and quality of education. New Delhi: CBSE Class 12 results were announced on May 28 and Delhi’s deputy chief minister Manish Sisodia took no time to tweet about the city’s government schools performing better than private schools for the second year in a row. He tweeted, “Last year Delhi government schools had 2% better...

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Supreme Court upholds law making PAN linking with Aadhaar must -Dhananjay Mahapatra

-The Times of India NEW DELHI: In a major victory for the Narendra Modi government that is set on making Aadhaar compulsory for several kinds of transactions, the Supreme Court upheld on Friday the law making the UID number a must for filing income tax returns and its linkage to PAN card. In what could cheer up the government, which faced anxious times while defending validity of Section 139AA of the Income...

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Madhya Pradesh farmer protest: Loan waivers are worst form of populism, they won't solve real issues -Mihir Shah

-Firstpost.com I am totally opposed to farm loan waivers as it will undermine the integrity of farmers. When state governments announce farm loan waivers, it is a knee-jerk reaction. Why are farm loans being given at all? Instead, the government should focus on the real issues that affect the agrarian sector. Since it hasn’t, you have agitations hitting the road with farmers protesting. The Uttar Pradesh government’s decision to waive off farmer...

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NDTV probe: Private banks fear debt resolution may be hit -Mayur Shetty

-The Times of India MUMBAI: Private sector bankers say that if NDTV's loan settlement with ICICI Bank is termed criminal, it could hit resolution of bad debts. The concerns follow the Central Bureau of Investigation (CBI) alleging that ICICI Bank officials may have caused wrongful gains to NDTV promoters by agreeing to cut the interest rate to settle the loan. "Settlement of any stressed loan involves some sacrifice by the banker. Often...

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