-The Hindu The historic Fundamental Rights case prevented the nation from slipping into a totalitarian regime Kesavananda Bharati Swamiji, the sole unwitting petitioner in the historic Fundamental Rights case which prevented the nation from slipping into a totalitarian regime, died on Sunday. He was 80. Though the judgment is a landmark, the Swamiji did not win any relief in the case. The amendments in the Kerala land reforms law which he had challenged...
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Role of collective organisations during economic crises -Indranil De, Mubashshir Iqbal and Rooba Hasan
-The Hindu Business Line The government, market and collectives should have worked in tandem to develop resilience of economic institutions during the slowdown in India The sharp downfall in the economic growth rate could be attributable to a lack of resilience of Indian economy. Only fiscal and monetary policies may not halt the downfall of the economy. Collective organisations, including NGOs, have played an important role in consumption and income-smoothing. The downfall...
More »Explained: Forex reserves at all-time high — why did this happen, and what does it mean for India’s economy? -George Mathew and Sandeep Singh
-The Indian Express The current situation stands in stark contrast to the one in 1991, when India had to pledge its gold reserves to stave off a major financial crisis. In March 1991, India had forex reserves of a mere $5.8 billion; today, the country can depend on its soaring foreign exchange reserves to tackle any crisis on the economic front. India’s foreign exchange (forex) reserves surged by $3.883 billion to touch...
More »Rehabilitation of Gulf returnees: Telangana to start training, provide jobs in construction sector -Rahul V Pisharody
-The Indian Express Over 19,000 Gulf returnees register with government for training at the National Academy of Construction. As the latest unlock guidelines come into effect, Telangana has decided to go ahead with the rehabilitation of the Gulf migrants who have recently returned to the state owing to Covid-19 pandemic and other reasons. While the pandemic has expedited the process of their return, it was in October last year that Telangana Chief Minister...
More »Big rural credit push from RBI, start-ups put in priority sector -George Mathew
-The Indian Express Loan limits for renewable energy, health infrastructure doubled The Reserve Bank of India (RBI) on Friday brought financing of start-ups under the priority sector lending (PSL) category of the banking sector, proposed more credit flow to districts with lower PSL, and doubled loan limits for renewable energy and health infrastructure “to align it with emerging national priorities and bring sharper focus on inclusive development.” In a bid to address regional...
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