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House panel shies away from quantifying black money

-The Hindu Three agencies have come up with varying figures, ranging from 7-120% of GDP, it said The Standing Committee on Finance has shied away from estimating the quantum of black money in and outside India, saying that different methods by various agencies are yielding vastly differing figures. The Standing Committee relied on three institutes — the National Institute of Public Finance and Policy, the National Institute of Financial Management and the...

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Caste biases rife even in M&A deals in India, shows an IIM-B study -Arjun Srinivas

-Livemint.com * Company boards dominated by directors of the same caste tend to enter deals more often, shows an IIM-B study * These companies perform slightly worse in terms of returns than those who do not enter into same-caste deals New Delhi: The caste system pervades all spheres of Indian society. Caste biases still influence many aspects of the economy but the private corporate sector is generally perceived as an oasis of meritocracy...

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MS Swaminathan, father of Green Revolution, interviewed by Jitheesh PM & Jipson John (Newsclick.in)

-Newsclick.in In an interview, the ‘father’ of India’s Green Revolution, says while technology is necessary, policies on procurement and public distribution are far more important in making agriculture economically viable and sustainable in the country. No one has played a more instrumental role in India’s self-sufficiency in food production than Dr MS Swaminathan — world-renowned agricultural scientist, known as the ‘Father of Green Revolution in India’. After getting a PhD from Cambridge...

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Political meddling in economic data puts India's global reputation at risk, warn 108 leading experts

-Scroll.in They observed that data unfavourable to the government was getting revised or suppressed on the basis of questionable methodologies. A group of economists and social scientists on Thursday urged the Indian government to restore the integrity of statistical organisations as their national and global reputation was “at stake”. Any data unfavourable to the government “seems to get revised or suppressed on the basis of some questionable methodology”, they said, citing some...

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Aruna Roy, well-known social and political activist, interviewed by Jipson John and Jitheesh PM (Frontline.in)

-Frontline.in Interview with Aruna Roy. ARUNA ROY is a well-known social and political activist. A former Indian Administrative Service officer, she resigned from the IAS in 1975 and has since worked with the most oppressed in society. Aruna Roy’s observation on government service is indicative of her future concerns: “Everyone calls it an elite service; I always felt the discourse should be a bit better than what it was. I was shocked...

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