-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious PLAn to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
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Public sector banks merger: Modi govt to announce big bang PLAn soon -Arup Roychoudhury & Somesh Jha
-Business Standard Finance ministry has called a meeting with chief executives of ten public sector banks, on Friday The National Democratic Alliance (NDA) government has readied its mega PLAn for merging multiple set of public sector banks (PSB) and is set to make an announcement anytime soon, according to multiple sources. The department of financial services in the finance ministry has called a meeting with chief executives of ten public sector banks, which...
More »Poor recoveries under IBC can derail Centre's Rs. 70,000-cr recap PLAn -Radhika Merwin
-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...
More »The unravelling of the Western Ghats ecology
-Hindustan Times The nature-development equilibrium is broken, leading to climate disasters. At least 100 people have died in floods in three states in peninsular India — Kerala, Karnataka, and Maharashtra — in August due to monsoon floods. There are several reasons, as reported in a series of articles in Hindustan Times, for the havoc and deaths, such as changes in land-use patterns, excessive quarrying and unscientific PLAntations (Kerala), poor management of dams...
More »To become a just society, strike a balance between firm and fair law enforcement -Vipul Mudgal
-Hindustan Times A study shows glaring gaps in Indian policing — from unfilled quotas of SC/STs to a dip in women officers. The rule of law has two extremes: a failed State and a police State. A failed State loses control over law and order as its monopoly slips over the use of physical force. The latter commands complete control, but ends up abusing State machinery for repression. Both extremes suffer...
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