-The Indian Express India bounced back from 2008 crisis thanks to stimulus packages, but faltered by letting these continue. And it still has a long way to go in ensuring greater coordination between govt and financial regulators. India did not have a rulebook to refer to a decade ago when it was hit by a seismic shock with its epicentre some 12,500 km away. In the initial days post the Lehman collapse...
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Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra
-TheWire.in Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right...
More »Steps to stop the rot: on dangers of storing foodgrains in the open -Peter Smetacek
-The Hindu The government must stop storing millions of tonnes of foodgrains in the open under tarpaulins In India, the height of the rainy season is a time that one prays will pass — flooded roads, wet clothes, masses of insects and mould. No place is safe from the growth of fungi that spring up overnight. With the humidity in the air and the warmth of summer, all that fungi need is...
More »Section 377: A British legacy from which we have finally broken free -Adrija Roychowdhury
-The Indian Express The century-old the law against homosexuality was imposed on pre-independent India in accordance with the Christian principles on which the British kingdom was founded. New Delhi: India was introduced to the law against homosexuality almost 80 years before it became independent. At its zenith, the British Empire as part of its ‘civilising mission’ imposed the criminal law of England, including the anti-sodomy law, on its colonies. While the...
More »Pronab Sen, former Chief Statistician of India, interviewed by TCA Sharad Raghavan
-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...
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