-The Hindu The transfer of the RBI’s surplus is only a stopgap measure which will not address the key problem of a lack of demand There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this...

-The Hindu Business Line Barring few cases, large haircuts of 70-90 per cent are continuing to hurt Banks While the Centre’s decision to frontload capital infusion of Rs 70,000 crore into PSBs has boosted sentiment, unless there is quick resolution of large accounts under IBC, this may achieve little. What is of more concern, is the paltry amount that Banks have been realising from the resolution of accounts under IBC. A look at...

-Newsclick.in Measures announced by the finance minister are mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s finance minister Nirmala Sitharaman for supposedly boosting a sinking economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...

-MoneyLife.in The flood havoc in Kolhapur and Sangli districts has killed 54 people and thousands of cattle, besides causing colossal loss of property, farmlands and crops.  Was it the ferocity of nature that caused such a great calamity or did human interference aggravate the situation? RTI documents reveal that tampering of the red and blue line demarcation of the Panchganga River in the Kolhapur Development Plan, due to the pressure of the...

-The Indian Express Kurki is attachment of farmers’ land by Banks or arhtiyas/sahukars/traders (commission agents and private money lenders) in the event of non-payment of loan or debt. Two years after Punjab government notified a ban on kurkis or attachment of farmers’ land by Banks in the event of their defaulting on loan payments, several such cases are taking place daily across districts in the state’s Malwa region. Here’s why. * What...