-Live Mint The International Monetary fund (IMF) has warned India against licensing corporate entities to step into the business of commercial banking, saying the risks associated with such a move potentially outweigh the benefits of creating more banks. IMF’s Financial System Stability Assessment Update said it would be prudent for India to first put in place and gain sufficient experience in implementing a comprehensive framework for the purpose before considering the entry...

-The Indian Express Increasing frequency and intensity of protests reflect a deeper crisis in Indian democracy: the failure of civil society In the last five years, citizens have poured out in large numbers at Jantar Mantar and India Gate (and in many other parts of the country) to ask the state to hear their demands. In 2006, marches and sit-ins forced the state to re-examine the Jessica Lal and Priyadarshini Mattoo cases....

-The Hindu In a rather unusual move, the Railway Minister, P.K. Bansal, on Wednesday announced an across the board hike in passenger fares less than two months before he would be presenting the Railway Budget for 2013-14. The hike comes into effect from January 21. However, Mr. Bansal declared that there will be no further fare increase in the ensuing budget. The new hike will range from two paise per km on basic...

-The Indian Express The growing influence on policy issues of activists who call themselves “civil society” is a worrying trend and needs to be objectively analysed. Two recent policy pronouncements will illustrate how government seems to be yielding to their pressure. It is well established that absenteeism of teachers and poor quality of outcomes in government schools is the main factor behind the popularity of private schools with poor infrastructure that cater...

-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...