-The Telegraph ‘FarMers at Mercy of corporates, food security threatened’ Eminent economist, professor eMeritus at Jawaharlal Nehru University and activist Prabhat Patnaik traces the downward and dangerous slide of the Indian economy, from the demonetisation to the new farm bills. * The first onslaught was in the form of the demonetisation. While Amartya Sen termed this step “despotic”, Narendra Modi gushed that there would be no black money after the demonetisation. In the...
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What is a bank moratorium, and when does it come into play? -K Bharat Kumar
-The Hindu * When does the Reserve Bank of India intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of India (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...
More »Hurry! Applications for the 1st round of NFI Fellowships for Independent Journalists are now open till December 15th, 2020
The COVID-19 pandemic continues to have multiple impacts on our lives. Existing challenges have been exacerbated and new ones have eMerged. Across the country, individuals, communities, businesses and governments are responding differently. Covid has claimed many casualties. Good reportage need not be one of them. The pandemic and the consequent economic slowdown have also taken its toll on good journalism. At this moment, we need good journalism to be stronger than...
More »Amid a judicial slide, a flicker of hope on rights -Ajit Prakash Shah
-The Hindu It is reassuring that there is a signal from the Supreme Court about thinking and speaking about personal liberty There can be no better way for a judge of the Supreme Court of India to mark his birthday by celebrating the glorious constitutional duty that has been entrusted to him and his peers as officers of the highest court in the land. Last week, Justice D.Y. Chandrachud did precisely this,...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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