-The Hindu * When does the Reserve Bank of india intervene, and what are some of the key steps it takes? The story so far: On November 17, the Centre, acting on the recommendation of the Reserve Bank of india (RBI), imposed a moratorium on Lakshmi Vilas Bank (LVB) for a period of 30 days. The 94-year-old bank, based in Karur, Tamil Nadu, has been struggling with losses for three years. As...
More »SEARCH RESULT
Total Matching Records found : 33358
The peculiar rise of protein inflation -Sayantan Bera
-Livemint.com * The supply chain disruption in poultry continues, further hurting the nutritional standards of poorer households * The current steep prices of items that make up the retail food basket—be it eggs, pulses or vegetables—is evidently taking a toll on millions of indian households NEW DELHI: Banks should not advance large loans to farmers, least of all to those in the poultry business, an exasperated Ramesh Mehla said over the phone. He...
More »Harsh Kerala law brings 5yr jail for content ‘that could insult’ people, media under lens too -Rohini Swamy
-ThePrint.in Kerala Governor Saturday signed ordinance seeking amendment to Kerala Police Act to control online bullying and virtual abuse of women, children. Bengaluru: Kerala journalists are viewing the Kerala Police Act Amendment ordinance as a new attempt to gag the media, saying the new legality gives the state legal grounds to object to reports the ruling party may deem unfavourable. Governor Arif Mohammed Khan Saturday signed the ordinance seeking an amendment to the...
More »india’s no to RCEP could still be a no -Biswajit Dhar
-The Hindu The circumstances under which New Delhi had distanced itself from the RCEP negotiations have hardly improved Last week, 15 East Asian countries agreed to take their economic integration several notches higher by forging the Regional Comprehensive Economic Partnership (RCEP), the largest free trade agreement (FTA) ever. In 2019, RCEP members accounted for about 30% of world output and population and 28% of world trade. But more importantly, about 44% of...
More »Why Recovery at Cost of Worker Immiserisation Won’t Last Long -Prabhat Patnaik
-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the indian economy from the pandemic-induced crisis. Even the Reserve Bank of india (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...
More »
