-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
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RBI says lack of domestic demand affecting 'animal spirits' of economy
-The Hindu Reviving the consumption demand and private investment has assumed the highest priority in 2019-20, notes central bank report. Mumbai: The Reserve Bank of India (RBI), in its annual report for 2018-19, has said the lack of domestic demand is holding back the animal spirits in the economy and emphasised the need to revive consumption demand and private investment during 2019-20. “What ails the animal spirits? At the core is the...
More »Less cash economy fails? Currency in circulation zooms 17% in FY19
-PTI Currency in circulation jumped a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank of India said in its annual report for 2019. Mumbai: Despite many an effort to shift to digital payments and usher in a ‘less cash’ economy post-demonetisation, the currency in circulation has jumped by a hefty 17% to Rs 21.10 lakh crore as of March 2019, the Reserve Bank says in its...
More »The darkest hour: ADM Jabalpur was a test for SC. Only the dissenter passed it -Seema Chishti
-The Indian Express As legal scholar Gautam Bhatia put it in Transformative Constitution, Justice Khanna’s dissent would constitute a “contrapuntal” or something that appears as a counterpoint, often solitary, against the tide at the time, but something that conceals the kernel of the future and the way ahead, which lives on to speak forcefully, another day. Costa Gavras’ 1982 film Missing is a haunting story of what a military dictatorship does...
More »How state governments disenfranchise interstate migrants in India -Varun Aggarwal, Priyansha Singh and Rohini Mitra
-IndiaSpend.com Mumbai: Kerala ranked first out of seven states for migrant friendly policies on the Interstate Migrant Policy Index 2019 (IMPEX 2019), an index compiled by India Migration Now, a Mumbai-based nonprofit, which analyses state-level policies for the integration of out-of-state migrants. Maharashtra ranked second with a score of 42 out of 100 compared to Kerala’s 62, and Punjab came in third with a score of 40. Internal migration, both within a...
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