-IANS * Manmohan Singh said India has the potential to grow at a much faster rate, but the all-round mismanagement by the Modi govt has resulted in this slowdown * The former PM said over 3.5 lakh jobs had been lost in the automobile sector alone, he claimed similar large-scale job losses in the informal sector New Delhi: Days after the finance ministry reported contraction in the GDP growth, former prime minister Manmohan...
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Rs 71,500 crore worth of bank frauds detected in FY19: RBI report -Ashwin Manikandan
-The Economic Times Indian banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19, the RBI report said. Indian banking system detected Rs 71,500 crore worth of frauds in financial year 2018-19 which to put in scale is slightly more than the Rs 71,000 crore recapitalisation package planned by the Government to revive the health of its public-sector banks. Interestingly, over 90 percent of these losses were to the Government...
More »'Population Explosion': The myth that refuses to go -Sarojini Nadimpally
-TheWire.in Even more dangerously, demographically driven population regulation measures, ignore women's rights over their own bodies. The spectre of population control has emerged to haunt us yet again. The Prime Minister of India, in his Independence Day speech on the August 15, expressed concern about “population explosion creating various problems for the coming generations” and complemented those who “follow the policy of the small family” as contributing to the development of...
More »Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The Government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi Government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
More »Can equitable distribution of energy meet green concerns? -Rohit Azad and Shouvik Chakraborty
-Hindustan Times A thumb rule for any public policy in Delhi, given the current levels of pollution, should be that the policy at least has a neutral effect on emissions. This means that if it can’t reduce emissions, it should at least not increase them. New Delhi: Government subsidies are often dubbed as inefficient for an economy. While some subsidies may indeed do more harm than good, to argue that all...
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