-The Telegraph Our public discourse should be informed by economic theory that is free of obfuscations For some time now there has been a debate in the country that is as esoteric as it is misleading, namely whether the Reserve Bank of India’s reserves should be drawn down by the government to finance its expenditure. On the one side, the argument is that if the government has to undertake extra expenditure, then, other...
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A solution in search of a problem: on 10% reservations -Sonalde Desai
-The Hindu Instead of addressing inequality, the 10% quota for economically weaker sections creates huge anxieties If the number of demands for implementing reforms is any guide, India’s reservation system is clearly in disarray. However, it is unlikely that the recently passed Constitution (124th Amendment) Bill, 2019, creating a 10% quota for the economically weaker sections (EWS), will serve as anything more than a band-aid. Given the deep inequalities prevalent in access to...
More »Modi govt to announce Rs 4,000 per acre direct transfer, crop loan at 0% in two-fold farm relief; to cost Centre Rs 2.3 lakh crore -Anilesh S Mahajan & Rajeev Dubey
-BusinessToday.in DBT scheme draft requires states to share burden 70:30, but states are in no mood to bear the burden. Centre will likely announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.In. The initiatives will cost the Centre Rs 2 lakh crore towards DBT...
More »Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by M Rajshekhar (Scroll.in)
-Scroll.in The former Planning Commission member explains why the country needs to tread carefully on this idea. On January 1, when Indian news agency ANI asked Prime Minister Narendra Modi about the government’s plans to reduce agrarian distress, he said loan waivers do not work as a very small segment of farmers take loans from banks. “A majority of them take loans from money lenders,” said Modi. “When governments make such announcements,...
More »Ganga water quality has improved, govt. tells RS -Jacob Koshy
-The Hindu Cleaner stretches recorded across all riverine States New Delhi: The water quality of the Ganga in 2018 has “improved over last year”, according to a written statement in the Rajya Sabha on Monday by junior Water Resources Minister Satyapal Singh. The statement said “dissolved oxygen” levels had improved at 39 locations, and “biological oxygen demand” (BOD) levels and faecal coliform had decreased at 42 and 47 locations respectively. These three parameters...
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