-Livemint.com * An analysis of indicators that make up India's GDP reveals the extent to which the economy has slowed down * How does one explain the fact that home loans are growing and so is the number of unsold homes? It may be that people are buying homes from investors, not builders The rain has stopped. You step out of home to run a few errands. On the way, you find ?500...
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There is a fundamental problem of demand today. At the core of it is incomes that aren't rising enough -Harish Damodaran
-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
More »India's economy is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon
-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for...
More »Kashmir has been cut to the quick -Wajahat Habibullah
-The Hindu The Centre is riding roughshod over Kashmiri public opinion already beset with disaffection In the face of a massive security build-up in Kashmir at the close of July, a seasoned journalist conjectured, “This is just the right time when militants and their masters in Rawalpindi could do with a terror attack in Kashmir.” Such were the arguments trotted out by experienced media persons in seeking to account for the extraordinary...
More »Demonetisation showed fake currency was a myth, says Bombay High Court
-Scroll.in The court asked the Reserve Bank of India why it felt the need to constantly change the sizes and features of currency notes and coins. The Bombay High Court on Thursday said the government’s demonetisation exercise showed that it was a myth that fake currency was in circulation. While hearing hearing a public interest litigation seeking to make currency notes and coins easily identifiable for vision-impaired people, the court asked the Reserve...
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