-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab government's food borrowing programme to provide for potential...
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Applause and the fine print -Devadeep Purohit
-The Telegraph Arun Jaitley today drew loud cheers from the fiscal conservatives as he displayed "prudence" and stuck to the fiscal deficit - which captures the government's borrowing requirements - target of 3.9 per cent of the GDP for 2015-16 and pegged it at 3.5 per cent of the GDP for 2016-17. As the achievement came despite all the problems that the Indian economy faced - the Economic Survey presented details of...
More »India sees rise in communal violence, UP leads states -Bharti Jain
-The Times of India NEW DELHI: Communal violence witnessed a rise in 2015, with 751 incidents recorded across the country as against 644 in 2014. According to data put out by the government in reply to a Lok Sabha question on Wednesday, there was also a rise in casualties resulting from communal unrest last year, with dead and injured up at 97 and 2,264 from 95 and 1,921 respectively in 2014. Incidentally,...
More »Insurance sop -TK Rajalakshmi
-Frontline The new crop insurance scheme introduced by the NDA government in an election year does not provide for a comprehensive coverage of all crops, against all forms of damage and at all stages of the crop cycle. IN AN election year, it is but natural that incumbent governments will introduce welfare policies and schemes. But the problem is that distribution of such largesse in a neoliberal dispensation can only be...
More »The farmer’s ‘mann ki baat’ -Vidya Venkat
-The Hindu Amidst the din over the land acquisition bill in Parliament, the farmer’s voice was missing. Everybody has an opinion on farmers these days. Be it politicians, policymakers, editors or economists. In fact, ever since the Parliament reconvened for the Budget session on April 20, the deteriorating condition of farmers has clearly dominated discussions. But even as the issue of agrarian crisis, farmer suicides (especially after Gajendra Singh’s suicide in a...
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