-The Hindu India must debate solutions to the employment problem, as a true democracy should and would In January this year, the Prime Minister made this statement: “7 million new jobs created in 2017”. The statement draws on false conclusions of a study by two economists. Here is another: “10-12 million young people join the workforce every year and 7 million new and formal jobs were created in 2017,” said the Minister of...
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World Press Freedom Index: India down two ranks to 138, one place above Pakistan
-The Indian Express RSF mentions that government was using prosecutions to “gag journalists who are overly critical” of it, invoking, among other sections, sedition charges, which are punishable by a life-term in jail. New Delhi: On the account of “deadly threat” from Prime Minister Narendra Modi’s “nationalism”, India has slipped down two ranks compared to last year in the Reporter’s Without Border’s (Reporters Sans Frontières, RSF) World Press Freedom Index 2018....
More »Big-note hoarding habit contagious
-The Telegraph Mumbai: Research by the State Bank of India suggests currency notes of higher denominations, especially Rs 2000 notes, are "not getting adequately circulated in the economy" and the tendency to hoard cash may be having a domino effect. An SBI research report tries to provide a theoretical basis for the sudden evaporation of cash in some states by linking the phenomenon to the sharp decline in "income velocity" in the...
More »Cash crunch continues in many states, but banks say situation improving
-Hindustan Times Empty ATMs and complaints reported from Patna to Haridwar. ATMs in Bihar, Madhya Pradesh, Uttarakhand and Gujarat ran empty on Wednesday, but banks said cash flow had improved a day after people in many parts of India struggled to get money in their hands. Public lenders State Bank of India (SBI), Punjab National Bank, Canara Bank and privately owned Axis Bank said in separate statements that only few of their ATMs...
More »A Month After Long March, Have Farmers' Demands Been Fulfilled? -Sukanya Shantha
-TheWire.in The focus of the Maharashtra farmers' march was on land rights for Adivasi communities. That promise will take a while to fulfil, and not much headway has been made. It has been a month since over 40,000 farmers walked 180 km from Nashik to Mumbai to press for their demands. They returned home with an assurance from the state’s chief minister that their demands would be met “100%”. Although chief...
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