-PTI NEW DELHI: The government on Wednesday lowered the country's economic growth rate during the previous Congress-led UPA regime, shaving off over 1 percentage point from the only year when India posted double-digit GDP growth post liberalisation and from each of the three years with 9-plus per cent expansion. Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office (CSO) estimated that India's GDP...
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Overseas markets wipe away tears of onion traders hit by low domestic prices -Amrita Nair Ghaswala
-The Hindu Business Line Mumbai: Onion exports have picked up on firm overseas demand even as domestic prices continue to rule low, as the new crop hits the markets in the backdrop of huge carry forward stocks. Experts attribute the pick-up in demand over the past few months to a lower global output due to changing climatic conditions. Ganpat Vaishnav, owner of Ganesh Impex, moved to exporting onions over the last three months,...
More »PMO's refusal to disclose Raghuram Rajan's letter on bad loans is not legal, says CIC
-Scroll.in The PMO has a ‘moral, constitutional and political duty’ to reveal to citizens who are the defaulters and what action has been taken against them, it said. The Central Information Commission has directed the Reserve Bank of India and the Prime Minister’s Office to disclose the list of wilful defaulters as well as a letter on bad loans written by the former RBI Governor Raghuram Rajan to the Centre, PTI reported...
More »CIC pulls up PMO and RBI, asks to disclose wilful defaulters list, Raghuram Rajan's letter on bad loans
-The Indian Express Saying that the stand taken by the PMO will not serve any public interest, Acharyulu said, "If the RBI does not respect the SC orders and denies the citizens right to information, it will result in the perpetuation of a financial regime of secrecy." With the Reserve Bank of India’s board meeting set to be held Monday, the Central Information Commission (CIC) has once again directed the Prime Minister’s...
More »Outgoing Central Information Commissioner SRIdhar Acharyulu interviewed by Priscilla Jebaraj (The Hindu)
-The Hindu Outgoing Central Information Commissioner SRIdhar Acharyulu flags the impact of growing vacancies in the Commission Central Information Commissioner SRIdhar Acharyulu, who took on the Prime Minister’s Office and the Reserve Bank of India in a case dealing with the non-disclosure of wilful defaulters of major bank loans, warned on his last day hearing RTI appeals that by December, he and three other CICs would retire, leaving the Central Information Commission...
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