-TheWire.in Implementing the loan waiver in Chhattisgarh, MP and Rajasthan will not be easy. It will cost Rs 80,000 crore and might need the states to double the spending on agriculture. New Delhi: On Monday, the newly appointed chief minister of Madhya Pradesh, Kamal Nath, proudly announced that his first executive decision was to waive farm loans in the state. While campaigning for the assembly elections, the Congress party had promised that if...
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Bank credit: is it growing, and where's it going? -Aarati Krishnan
-NDTV Lenders have loosened purse strings, but some sectors are monopolising bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut....
More »Information Panel Strength Hits All-Time Low in Modi Era -Gaurav Vivek Bhatnagar
-TheWire.in No new appointments have been made to the Central Information Commission since 2016. New Delhi: From Monday, the Central Information Commission (CIC) will function with only three commissioners – as opposed to a sanctioned strength of 11, including the chief. The present crisis has arisen because the Narendra Modi government has since 2016 failed to fill any vacancies in the body – probably because the commission has been at the forefront...
More »Demonetisation has not worked, no two views about it: Bimal Jalan -V Kumara Swamy
-The Telegraph Former RBI governor chats about economy, RBI-Centre standoff and his latest book Even 15 years after quitting the Reserve Bank of India (RBI), former governor Bimal Jalan lapses into RBI-speak whenever he doesn’t want to say much on an issue. We are in Jalan’s office on the sixth floor of an apartment block, a few hundred metres from the Delhi headquarters of the RBI. At the very outset, he tells me...
More »Amid institutional decline -Arun Kumar
-The Hindu The issue today is whether a dishonest system can be managed honestly Allegations of interference in major institutions have been the big news of late. The ongoing fracas in the Central Bureau of Investigation (CBI) has got out of hand, with the two top officials in the chain of command accusing each other of corruption. The recent pronouncements in the Supreme Court do not promise an early resolution. The fight against...
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