-The Indian Express Protests by the people against inequality are producing governments that move exactly in the opposite direction We all know that the world is an unequal place, both across and within countries. We also know that across the world, people are expressing their anger and disgust at this inequality. This is increasingly revealed in extreme and often paradoxical political results. In the US, a vote against the establishment has just...
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System not yet ready for cashless economy, RBI Governor tells PAC -AM Jigeesh
-The Hindu Business Line 'RBI working on cutting transactions costs on digital payments' New Delhi: RBI Governor Urjit Patel, who appeared before the Public Accounts Committee looking into demonetisation and its impact on monetary policy, told the panel that the country’s infrastructure is not ready for a cashless economy. He assured the panel that the RBI is working out ways to reduce transaction costs involved in digital payments. As was the case when he...
More »A new class act -Pranab Bardhan
-The Indian Express Higher education in India is failing. Overhauling the system can salvage it Let me start with a blunt statement: India’s higher education is in general a decrepit, dilapidated system, it’s afflicted by a deep malaise. The National Knowledge Commission—Report to the Nation (2006-9) put it only a bit more mildly: “There is a quiet crisis in higher education in India which runs deep”. Three widely acknowledged criteria for judging an...
More »House panel criticises RBI governor for inability to answer demonetisation questions
-The Economic Times Members of the Parliamentary Standing Committee on Finance on Wednesday criticised Reserve Bank of India Governor Urjit Patel for his inability to answer queries related to demonetisation. "Patel was unable to tell us how much money has come back to the banks," said Saugata Roy, TMC MP. "The governor was unable to tell us that how much old currency has come into the banks," added Saugata Roy. Sources also quoted...
More »World Bank to fund reclamation of saline lands in Maharashtra -Rahul Wadke
-The Hindu Business Line Mumbai: The World Bank will fund a Maharashtra government project for reclaiming saline lands, spread over 5 lakh hectares affecting 1,000 villages in the State. A significant percentage of the lands are in the farmer’s suicide-prone Vidarbha region. The project is a part of the larger umbrella project called Climate Resistant Agriculture, which will receive ?4,000 crore joint funding from the Bank and Maharashtra government. The World Bank will provide...
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