-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...
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RBI data counters RBI claim: Credit to small firms shrinks -Sandeep Singh
-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and...
More »With due respect, Finance Minister -Arun Kumar
-The Indian Express There has been only a marginal increase in the direct tax to GDP ratio after demonetisation. And the economy didn’t need to suffer for digitisation. The government did not celebrate the second anniversary of demonetisation, one of its biggest policy initiatives. It has celebrated the anniversary of all other big policies. Why the diffidence? The finance minister did come out with a statement listing the achievements of demonetisation. But his...
More »The Indian state where development is more on a par with Pakistan than India -Ratnadeep Choudhary
-ThePrint.in Like Pakistan, Uttar Pradesh is home to about 200 million people, which it can’t seem to take care of very well. New Delhi: The chasm between India and Pakistan on the world’s economic and social indicators is rather wide today. Even though India also struggles on the social front, many Indians tend to draw solace saying “at least we’re better off than Pakistan”. Yet, there is a part of India — the...
More »Demonetisation disrupted the life of every Indian -- and failed all of its stated goals -Meera H Sanyal
-Scroll.in On the second anniversary of the note ban, banker Meera Sanyal shares her experience of writing a book on the government’s great blunder. Some incidents are hard to forget – the death of a loved one, the moment one falls in love, the birth of a child. They remain etched in our memories with a vividness that transcends time. Occasionally, there is an incident that imprints itself on the collective memory...
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