-PTI * Counterfeiting of the newly-designed ?2,000 notes shot by 21.9% in 2018-19 in comparison to the previous year, the RBI said * RBI said that counterfeit notes detected in the denomination of ?100 declined by 7.5% New Delhi: Counterfeiting of the newly-designed Rs.500 notes shot up by 121 per cent and of the Rs.2,000 notes by 21.9 per cent in 2018-19 in comparison to the previous year, the RBI said on Thursday. Of...

-Hindustan Times A thumb rule for any public policy in Delhi, given the current levels of pollution, should be that the policy at least has a neutral effect on emissions. This means that if it can’t reduce emissions, it should at least not INCrease them. New Delhi: Government subsidies are often dubbed as inefficient for an economy. While some subsidies may indeed do more harm than good, to argue that all...

-Livemint.com A fiscal stimulus that comes from the poorest states of the country will enable them to raise capex spending, boost growth and catch up with the others On many development parameters, India appears to be almost like a continent, with different states at vastly different stages of development. Underlying such stark differences are differences in the levels of per capita INComes, and such differences have risen sharply over the past...

-The Hindu The agenda to set up a development bank is a welcome initiative, but questions remain on its design Finance Minister Nirmala Sitharaman’s press conference on August 23, announcing a slew of measures to boost the economy and financial market sentiments, had an interesting idea. It was about setting up a development bank. Ms. Sitharaman said: “In order to improve access to long-term finance, it is proposed to establish an organisation to...

-The Hindu Business Line Huge losses on procured grains and rising debt are a big concern FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This INCreased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock INCreased further to 74.2 million which was significantly...