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Joshimath subsidence: Supreme Court agrees to hear plea on January 16 - The Telegraph

The Telegraph/PTI A bench comprising Chief Justice DY Chandrachud and Justice P S Narasimha, however, refused to list the plea for urgent hearing The Supreme Court on Tuesday agreed to hear a plea on January 16 seeking it’s intervention to declare the crisis in Uttarakhand's land subsidence-hit Joshimath as a national disaster. A bench comprising Chief Justice DY Chandrachud and Justice PS Narasimha, however, refused to list the plea, filed by Swami...

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Can India’s production incentive scheme transform the economy as the SEZ push did for China? -Siddhant Bajpai

-Scroll.in The Indian government will have to take serious note of the structural problems and bottlenecks to work on improving the production-linked incentive scheme. On December 20, the Indian government approved a Rs 357.17-crore incentive for Foxconn India, under the Production-Linked Incentive scheme for the Large-Scale Electronics Manufacturing sector. According to government think tank Niti Aayog, Foxconn India is the “first global company” approved under the scheme for mobile phones and to receive...

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Public sector banks have ensured financial inclusion, finds a new empirical study

Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...

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Why Nehruvian planning failed in the long term -Niranjan Rajadhyaksha

-Mint Lounge Why Nehruvian planning failed in the long term Early Indian liberal nationalists such as Dadabhai Naoroji, Romesh Chunder Dutt and Kashinath Trimbak Telang used the power of numbers to undermine the legitimacy of British rule in the second half of the 19th century. They took the data collected by the colonial bureaucracy to attack the very system those numbers were meant to sustain, turning the tables in the process. The...

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Behind the politics battle, West Bengal’s slowdown economics -Sandeep Singh and Sunny Verma

-The Indian Express The anti-incumbency Banerjee faces is as much about local-level corruption and competing ideologies as it is about stalled Industrialisation, weak credit growth, a near-freeze in new jobs, low infrastructure development and agriculture spend. AS West Bengal Chief Minister Mamata Banerjee fights perhaps her most significant electoral battle, framing her contest is not just BJP vs Trinamool politics — but the state’s economics as well. The anti-incumbency Banerjee faces is as...

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