-Scroll.in The author of ‘Bad Money: Inside the NPA Mess and How It Threatens the Banking System’ speaks about Atmanirbhar Bharat and what the media gets wrong. Vivek Kaul is the author of the Easy Money trilogy of books on the history of banking and money and, most recently, of Bad Money: Inside the NPA Mess and How it Threatens the Banking System. In lucid prose, Kaul draws out the history of...
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Explained: How reverse repo rate became benchmark interest rate in the economy -Udit Misra
-The Indian Express Like most other central banks in the world, the Reserve Bank of India, too, has tried to cut interest rates to boost the economy. New Delhi: The Indian economy’s slowdown during 2018 and 2019 is becoming much worse in 2020 with the spread of COVID-19 and the stalling of almost all economic activity. Like most other central banks in the world, the Reserve Bank of India, too, has tried...
More »Recent reports predict gloomy days ahead for the overall economy
Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
More »'Digital divide' persists despite the country's desire to become a digital giant
A recent report of the Ministry of Statistics and Programme Implementation (MoSPI) brings forth the dichotomy between digital divide and India’s transition towards a cashless economy. The rural-urban divide in access to computer and internet is quite stark, according to the report entitled 'Key Indicators of Household Social Consumption on Education in India, July 2017 to June 2018'. The 75th round National Sample Survey (NSS) report on education finds that...
More »If Aadhaar is not proof of citizenship, then why was it linked to bank accounts, voter IDs, Mamata asks Shah
-PTI The TMC supremo said that if Aadhaar is not a proof of citizenship as per the home minister, then why was it linked to welfare schemes and the Banking System. KOLKATA: Assailing Union Home Minister Amit Shah for his comment that Aadhaar was not a proof of citizenship, West Bengal Chief Minister Mamata Banerjee on Wednesday asked him why was it then linked to bank accounts, voter IDs and mobile phones...
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