-The Hindu If big money entirely funds elections in a secretive way, democracy as we know it will not exist The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue...
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Rich love electoral Bonds: More than 91% donations over Rs 1 crore each -Udit Misra
-The Indian Express The RTI documents also show that over the 12 phases, just four cities accounted for 83 per cent of all electoral Bonds by value. Electoral Bonds with denomination of Rs 1 crore accounted for more than 91 per cent of the Rs 5,896 crore raised in the first eleven of the total twelve phases over which Bonds were sold by select branches of the State Bank of India. ...
More »Experts warn about the dangers of signing RCEP -Kundan Pandey
-Down to Earth At a media interaction in New Delhi, experts from civil society organisations enumerated damages that could be caused to various sectors of the Indian economy if India signed the deal Various sectors of the Indian economy including agriculture, dairy, services and data will be facing the heat due to the forthcoming Regional Comprehensive Economic Partnership (RCEP) according to leaked documents, experts said while talking to media on October 16,...
More »Budget 2019 Sorely Lacks a Coherent Vision for Long-Term Growth -MK Venu
-TheWire.in While Nirmala Sitharaman's maiden budget hit all the right political notes, its fiscal math is far fuzzier. The first budget of the Narendra Modi government 2.0 is very high on political rhetoric around empowering the poorest in ‘New India’, but does not have a clear road map of how a fully-funded welfare state will be sustained without a robust revival in growth, based on the twin engines of investment and consumption...
More »India's budget math faces a tough challenge now -Nikita Kwatra
-Livemint.com To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending As with every other Union budget in the country, all eyes will focus on the fiscal deficit number that India’s new finance minister, Nirmala Sitharaman presents on 5 July in her maiden budget speech. But for many investors and analysts, how that...
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