-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...

-The Indian Express Two protesters had died in police firing at Bahi Parswanath and three outside Pipliyamandi Police Station on June 6. Bhopal: The judicial probe constituted after six deaths and violence during farmers’ agitation in Mandsaur, Madhya Pradesh, in June last year, has given a clean chit to the police and CRPF personnel and held that firing was absolutely necessary (“nitant awashyak”) and justified (“nyaysangat”). The J K Jain Commission report, submitted...

-Livemint.com The ratio of currency in circulation as share of broad money is back at pre-demonetisation levels, according to Reserve Bank of India data On 8 November 2016, Prime Minister Narendra Modi announced the “demonetisation” of high-value currency notes. When it became clear the ex ante goals of reducing corruption and black money were unlikely to succeed, attention shifted to a range of possible ex post facto rationales for the move. Numerous...

-The Telegraph New Delhi: The Indian Psychiatric Society has launched its first-ever campaign to assert that homosexuality is not an illness amid concerns that sections of the public and physicians continue to mistakenly believe it can be treated. Senior members of the IPS plan to address conferences open to the public and use social media platforms to argue that homosexuality and lesbianism are just variations in sexual orientation and provide science-driven guidance...

-The Indian Express Closure of Sterlite plant says something about our collective morality: Death, violence move governments more than reason and Evidence It took a brazen exercise of what sociologists since Max Weber refer to as the state’s “monopoly of violence” by Tamil Nadu authorities to bring our attention to a problem that had been affecting the local residents of Tuticorin for over two decades. Since this tragic incident, it took hardly...