-NDTV (With inputs from agencies) As ATMs ran dry in several parts of the country, finance minister Arun Jaitley said the shortage is temporary and is being tackled quickly. New Delhi: In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage...
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Mandate and allocations -M Govinda Rao
-The Hindu The terms of reference of the 15th Finance Commission raise questions about constitutional propriety It is not without reason that the presidential terms of reference (ToR) of the Fifteenth Finance Commission have raised questions, and the recent conclave of Finance Ministers of the southern States to discuss contentious issues in the ToR is only the beginning. In the months ahead more debate on this is likely. But the line by...
More »PMO for ordinance to counter court ruling on SC/ST -Rakesh Mohan Chaturvedi
-The Economic Times NEW DELHI: After a successful Bharat Bandh against the Supreme Court judgement on the SC/ST Act, the government is worried about losing the perception battle to rival political parties on being pro-Dalit. While the suggestion for issuing an Ordinance-if needed to counter an adverse SC verdict on the review petitioncame from the Prime Minister’s Office, some cabinet ministers are of the view that issues like reservation in promotion and...
More »Attack on India's forests and forest communities: Draft National Forest Policy 2018 -Soumitra Ghosh
-Groundxero.in India’s forests are officially on sale. Forests, which are ecological and cultural constructs intrinsically linked with human communities that have been living in and using those for ages, have turned into mere repositories of ‘products’ such as timber and ‘ecosystem services’ that could be quantified, valued, priced and exchanged—or so the Draft National Forest Policy prepared by the Ministry of Environment, Forests and Climate Change(MoEF & CC) would have us...
More »How the data sets stack up -C Rangarajan & S Mahendra Dev
-The Hindu Why measuring inequality is not the same as measuring changes in the level of poverty in India In recent years, there has been a lot of discussion on increasing inequality within several countries of the world, including India, particularly after the publication of Thomas Piketty’s book on inequality. It is true that rising inequality has adverse economic and social consequences. The Gini coefficient or other measures of inequality are being...
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