-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
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NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye -Dinesh Unnikrishnan
-FIRstpost.com * The stark divergence in banks’ estimates vs that of the RBI has raised many eyebrows in the investor community prompting them to avoid such companies till clarity emerges * Recently, Bank of Baroda reported a divergence of Rs 5,250 crore in gross NPAs for the year ended March 2019 * Ever since divergences came to public, banks have begun to make higher provisions to cover up the mess An element of trust...
More »Reality check: Before PM Modi's distancing from pan-India NRC, there was Amit Shah's underlining -Liz Mathew
-The Indian Express In the run-up to the Lok Sabha elections, Shah had raised the pitch in West Bengal, where the BJP sought to use the “illegal immigrant” issue as a major poll plank to consolidate the Hindu votes against the Mamata Banerjee-led TMC government in the state. While Prime Minister Narendra Modi said on Sunday that there has been no discussion on a National Register of Citizens (NRC) since the time...
More »The lessons from Jharkhand assembly poll results
-Hindustan Times Indian democracy is robust. The balance is good for the polity The Jharkhand election, in which a coalition of the Jharkhand Mukti Morcha (JMM)-Congress-Rashtriya Janata Dal (RJD) has succeeded in dislodging the Bharatiya Janata Party (BJP) government, is a reflection of a broader pattern in national politics. For one, it shows, yet again, that the BJP is vulnerable at the state level — and Narendra Modi’s popularity at the...
More »Jharkhand is a mandate of the poor, for their rights -Manisha Priyam
-Hindustan Times Jharkhand is a mandate of the poor, for their rights The verdict for the Jharkhand assembly is, FIRst and foremost, a verdict in favour of a new localism, and is a reflection of people’s voice overwhelming the arena of state elections in India. One key issue, which helps frame the meaning of the verdict, is the struggle of adivasis against purported amendments to their land rights by the Raghubar Das-led Bharatiya...
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