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0.5% tragedy and DeMo confession

-The Telegraph New Delhi: The Demonetisation Demon will gouge India's economic growth in 2016-17 by at least half a percentage point, chief economic adviser Arvind Subramanian told reporters after presenting the Economic Survey a day before the budget. Subramanian, who was voicing his views for the first time on the deeply polarising subject of demonetisation, rejected the dire prophecies of other Oracles, including his former employer, the International Monetary Fund, that projected...

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The majority at the margins -Jayati Ghosh

-The Indian Express Protests by the people against inequality are producing governments that move exactly in the opposite direction We all know that the world is an unequal place, both across and within countries. We also know that across the world, people are expressing their anger and disgust at this inequality. This is increasingly revealed in extreme and often paradoxical political results. In the US, a vote against the establishment has just...

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Class III hope in poor progress report

-The Telegraph New Delhi: A survey of children's learning levels has found that Class V and Class VIII students performed as poorly in arithmetic in 2016 as they did in 2014 but Class III kids did marginally better.   The Annual Status of Education Report (ASER) released today also found little change in the enrolment figures in private schools. About 30.5 per cent children of the 6-14 age group were enrolled in private...

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Public Accounts Committee can't summon PM Narendra Modi to answer note ban queries

-The Times of India NEW DELHI: Public Accounts Committee chair K V Thomas had to backtrack on his remarks suggesting PM Narendra Modi could be summoned to answer queries on demonetisation with the panel concluding that this is against rules. The meeting of the PAC on Friday saw BJP members vehemently object to Thomas's comments, arguing that he had quoted precedents incorrectly and rules governing financial committee do not permit calling ministers...

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Set up body to look into complaints against channels: Supreme Court -Dhananjay Mahapatra

-The Times of India NEW DELHI: Given the rapid proliferation of TV channels, the Supreme Court suggested on Thursday that the Union government set up a statutory mechanism to decide people's grievances against programmes broadcast on the visual medium. A bench of Chief Justice J S Khehar and Justice D Y Chandrachud said, "We are of the view that the competent authority, having framed the rules under the Cable TV Network (Regulation)...

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