-IndiaToday.in NCRB data show fake notes of Rs 2,000 entered the market days after PM Narendra Modi's demonetisation announcement. Today they are the biggest contributors to the value of seized counterfeit currency in India. "In a country's history, there come moments when every person feels he too should be part of that moment, that he too should make his contribution to the country's progress. Such moments come but rarely," said PRIme Minister...
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The perils of RBI's fixation on inflation -Pulapre Balakrishnan
-The Hindu The central bank’s shift of focus from financial stability to inflation targeting could have led to regulatory infirmity Inflation is back in the news and attention has willy-nilly turned on the Reserve Bank of India (RBI). This would lead us to recognise what the central bank is mandated to do and assess how much of its objective it actually achieves. The establishment of some of the world’s oldest central banks was...
More »When farmers turn to play the market -Parthasarathi Biswas
-The Indian Express Between September and December, when retail onion PRIces soared from around Rs 30 to Rs 100-plus per kg (they have since fallen to Rs 50 or so), Paswan has similarly urged state governments through Twitter to “act” against alleged hoarders of the bulb. On January 7, Union Consumer Affairs minister Ram Vilas Paswan took to Twitter, to issue a stern warning to “hoarders”, whom he blamed for “creating artificial...
More »Budget 2020-21: Will MGNREGA become an overarching rural development scheme -Richard Mahapatra
-Down to Earth The upcoming budget will see many schemes being brought under the rural employment programme; a direct cash transfer may be declared to top this up Union Budget 2020-21 will be a landmark for PRIme Minister Narendra Modi. Not just because India is going through an economic slowdown, but also for the fact that it will herald a countdown for many of his ambitious promises that come with PRIme ministerial...
More »Data Protection Bill: JPC to invite views from all stakeholders
-The Hindu MPs raise questions on PRIvacy, purpose and Srikrishna panel report The Joint Parliamentary Committee on Personal Data Protection Bill will throw open its doors for all stakeholders to express objections and point out loopholes in the proposed legislation, the panel decided at its first meeting held on Thursday. IT Secretary Anshu Prakash gave a presentation giving details of the bill. “Today was just a preliminary briefing, we didn’t go into the bill...
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