-Newsclick.in Measures announced by the finance minister are Mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s finance minister Nirmala Sitharaman for supposedly boosting a sinking economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...
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Content management: On Aadhaar-social media linkage
-The Hindu Courts must let government work out a balanced regulatory regime for online content The submissions in the Supreme Court on behalf of the Tamil Nadu government in support of linking social media profiles of registered users with their Aadhaar numbers are not well-founded in the law as it now stands. It is noteworthy that a Division Bench of the Madras High Court, which is hearing two writ petitions on this...
More »Is India headed for its worst growth recession in a decade? -Niranjan Rajadhyaksha
-Livemint.com It is risky at this juncture to bet Merely on a natural recovery. Even so, using monetary policy is the best option right now Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. The big question is whether the ongoing slowdown is structural or cyclical. The usual thumb rule is that the policy response to a structural slowdown is through economic reforms...
More »SBI aims to eliminate debit cards to boost digital payment solutions
-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. Mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote...
More »Focus turns to domicile laws, land, jobs in proposed Union Territories of Jammu and Kashmir, Ladakh -Peerzada Ashiq
-The Hindu Pandits, Dogras and Buddhists demand maintenance of current population status, rights over land With the revoking of the special status of Kashmir, Pandits, Dogras and Buddhists have made separate demands for domicile laws in the proposed Union Territories of Jammu and Kashmir and Ladakh. The reasons they cite include the need to maintain the current population status, ensuring jobs for local people and the rights over land use. BJP State spokesman...
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