-PTI SC had said that the government cannot enforce sale of mineral water on their MRPs in hotels and restaurants as the Standards of Weights and MEAsures Act, 1976 does not apply The government will file a review petition in the Supreme Court against an order allowing hotels and restaurants to charge higher price than the MRP on mineral water, Consumer Affiars Minister Ram Vilas Paswan said on Saturday. "In relation with the...

-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by companies. It allows creditors to initiate insolvency proceedings against defaulting companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...

-The Telegraph Calcutta: Economist Kaushik Basu on Friday regretted the rise of a "narrow-minded" approach and "hatred" in the country. Basu, the C. Marks professor of international studies and professor of economics at Cornell University, made the observation while delivering a lecture on"economics and morality" in memory of Swami Lokeswarananda of the Ramakrishna Mission. "In today's India, we are getting narrow-minded. There is hatred among people," rued the former chief economist of the...

-Livemint.com Jean Drèze’s new book of essays defends action-oriented research, especially in the field of development economics Designing government policy to eradicate corruption is not easy. As the “demonetization” exercise demonstrated, such earnest endeavours can have big and unintended consequences and they often might not proceed according to plan. Although not concerning itself with demonetization, a new book by economist Jean Drèze delves into the challenges of making public policy for India....

-Scroll.in Administrations are not supposed to cut off rations but health officials seem to think that the threat will work. Experts denounce the MEAsure. “Tikkakaran nahin toh khadyadhan nahin.” No vaccination, no ration. Rajwanti Devi Jaiswal, an Accredited Social Health Activist or ASHA in Uttar Pradesh’s Bahraich district repeated the slogan so often that it sounded like a chant. The district has one of the lowest child immunisation rates in India –...