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Missing the wood for the trees -Prabhat Patnaik

-The Indian Express Debate around RBI-government stand-off ignores the structural cause behind India’s economic woes: Interest rates as an instrument cannot achieve multiple, contradictory goals. The stand-off between the Narendra Modi government and the Reserve Bank of India has generated a false discourse on the one hand and an illusion on the other. In this discourse, the RBI’s position, articulated by its deputy governor, is that central bank policy has to be...

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RTI confirms Rajan sent PM Modi list of bank defaulters in February 2015 -Dheeraj Mishra

-TheWire.in/ Business Standard Asked what action was taken after receiving Rajan's list of NPA defaulters suspected of fraud, the PMO replied that this information does not fall within the scope of RTI New Delhi: Information disclosed in response to an RTI request made by The Wire has confirmed that former Reserve Bank of India governor Raghuram Rajan indeed notified Narendra Modi of the need to probe key defaulters as early as eight...

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Country's non-income-based poverty level has fallen over the past 10 years, shows new report

For long, economists have argued among themselves whether income should be the only criterion for measuring poverty. After all, in real life a person can face multiple deprivations, say, in terms of access to education, health and living standards, among others. The multidimensional poverty index (MPI), which offers a valuable complement to traditional income-based poverty measures, was first introduced in the 2010 Human Development Report (HDR). The MPI looks at...

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Privatisation Harms Poor and Needy, Says UN Poverty Expert -Subodh Varma

-Newsclick.in In a report to the UN General Assembly, Philip Alstom urged a rethink by governments as also multilateral bodies, like IMF and World Bank, and even parts of UN. Widespread privatisation of public goods in many societies is systematically eliminating human rights protections and further marginalising those living in poverty, according to a hard-hitting new report. The report was transmitted to the UN General Assembly on 19 October. Philip Alston, the UN...

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This gel can protect farmers from toxic pesticides -Dinesh C Sharma

-The Hindu Business Line The gel, poly-Oxime has been prepared by InStem researchers from nucleophilic polymer New Delhi: Indian farmers usually do not wear any protective gear while spraying chemicals in fields. This exposes them to harmful toxics contained in pesticides, causing severe health impacts and even death in extreme cases. Indian scientists have now developed a protective gel to address this problem. The gel can be applied on skin and can break...

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