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A new Chipko in Odisha -Satyasundar Barik

-The Hindu We won’t allow anyone to cut our trees, say the women of Balarampur village For three generations now, and spanning 40 years, Chaturi Sahu, 70, has been unfailingly sending one male member from her family to patrol the nearby Jhinkargadi forest to ensure that its trees and shrubs are untouched. Year after year, her father-in-law, husband and son, who are part of the foot soldiers of Balarampur, a nondescript village in...

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Agri input firms worry as dry spell looms large -TV Jayan

-The Hindu Business Line Many regions saw rain deficits; Maharashtra, Karnataka have already declared a drought New Delhi: Even though many States have declared a drought-like situation in some pockets of their respective territories, agricultural input companies are putting up a brave fight saying the situation is not all that bad and hoping it would have little impact on their bottomlines. While the Met department, in its end-of-season report, said the country as...

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CIC pulls up PMO and RBI, asks to disclose wilful defaulters list, Raghuram Rajan's letter on bad loans

-The Indian Express Saying that the stand taken by the PMO will not serve any public interest, Acharyulu said, "If the RBI does not respect the SC orders and denies the citizens right to information, it will result in the perpetuation of a financial regime of secrecy." With the Reserve Bank of India’s board meeting set to be held Monday, the Central Information Commission (CIC) has once again directed the Prime Minister’s...

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Missing the wood for the trees -Prabhat Patnaik

-The Indian Express Debate around RBI-government stand-off ignores the structural cause behind India’s economic woes: Interest rates as an instrument cannot achieve multiple, contradictory goals. The stand-off between the Narendra Modi government and the Reserve Bank of India has generated a false discourse on the one hand and an illusion on the other. In this discourse, the RBI’s position, articulated by its deputy governor, is that central bank policy has to be...

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Demonetisation: A circus, clowns and a silver bullet -James Wilson

-National Herald Two years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of...

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