-Livemint.com/ Bloomberg Foreign Exchange reserves dropped by $5.14 billion in the seven days ended October 12, the biggest weekly decline since November 2011, as the RBI stepped up action to prop up the rupee Mumbai: India made the biggest dent in its Foreign Exchange reserves in seven years as the central bank stepped up action to prop up Asia’s worst-performing currency. Reserves dropped by $5.14 billion in the seven days ended October 12,...

-The Telegraph The obsession with economic growth and the stock market hides other important facts about the condition of the economy Every time quarterly or monthly reports of the Indian economy are announced there is a reaction in the media. If the results are worse than the previous ones, then impending doom is forecast. If the results are better than the previous ones, there is unbridled optimism about future economic prospects. Both...

-CitizenMatters.in Built in the 13th century, Delhi’s Qutb Minar, a UNESCO world heritage site and one of the tallest minarets in the country, is facing stiff competition − from the height of a garbage dump in the national capital. In a recent report, a panel of India’s Parliament noted their observations on landfill sites in Delhi, writing that the “laissez-faire of the civic bodies of Delhi also gets reflected in the fact...

-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...

-The Telegraph New Delhi: The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday approved guidelines for granting special remission to certain categories of prisoners, including women, transgenders and the differently abled, as part of commemorating the 150th birth anniversary of Mahatma Gandhi. According to the decision, women and transgender convicts who are at least 55 years old and have completed half their sentences will be granted the remission and set...