Economy

Economy

Indian Polity Moves to Peril Under Modi Rule: Economic Situation Worsening

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Spread the love           Rich are becoming richer. ‘Barclay’s Hurun India’ has published the ‘Rich list for 2018’. It is a list that carries the names of individuals with net worth exceeding Rs.1000 crore. The wealth of India’s top 100 richest people has jumped by Rs.3.08 lakh crore in 2018 to Rs.30.59 lakh crore, from Rs.27.51 lakh […]


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Dollar and Gold Smuggling up: More Trouble for Shaky Rupee

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Spread the love           The Directorate of Revenue Intelligence (DRI) has launched a nationwide crackdown on foreign exchange smuggling, particularly of US$. For long, legal gold inflow occupied an important position, after petroleum and natural gas, in the country’s total import basket. Weakening Rupee seems to have further pushed the domestic demand for gold, especially among the […]


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HDI for India Suggests Good Days an Endless Wait

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Spread the love           Good days’ have remained elusive for the majority of Indians because the major share of national income growth is going to sectors other than human development. The rich are the main beneficiary of the economic policies, while the common people continue to suffer. HDI index shows that India is progressing at snail’s pace […]


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Anti-Corruption Claims of Modi Govt. a Complete Sham

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Spread the love           Arun Jaitley has a lot of explaining to do over his meeting with Vijay Mallya in parliament and hair-splitting arguments whether it was ‘formal’ or ‘informal’ are beside the point. Piecing together various bits of available information, it is obvious that the fugitive billionaire left India with the knowledge of the finance minister, […]


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Migrant Labour Issues Pose New Challenges to Labour Policy

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Spread the love           While there is a policy vacuum at the Centre on migrant workers, Kerala offers a good model for how a state government should address the problems of incoming migrants and the Orissa government on addressing the issues of outgoing migrants. At the Central level, though the Aadhaar system has been in place for […]


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RCEP May End Up as Chinese Trade Trap for India

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Spread the love           India is already reeling under the trade deficit with ASEAN + six countries in RCEP and China is the major contributor. Against this background, the major concern is spill over impact of RCEP after Chinese becomes assertive to find a new and big untapped market in India. A report for Different Truths. Concerns […]


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Raghuram Rajan was Taller Than Anyone in the Present Setup

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Spread the love           Former RBI Governor, Dr. Raghuram Rajan put up a spirited defence against the unjust accusation that the RBI created the NPA issue, stating that “the RBI is primarily a referee, not a player in the process of commercial lending”. Just as he had the foresight to forewarn the 2008 global financial crisis a […]


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Kerala CPI Demands Special Package

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Spread the love           The state executive in order to ensure that the reconstruction work is done in the best scientific way suiting the needs as well as the peculiarities of the locality namely soil, water content, etc, decided to hold a workshop involving experts in the country under the auspices of C Achyutha Menon Foundation at […]


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NABARD Financial Inclusion Survey Hides more than it Reveals

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Spread the love           The NABARD survey estimates the total number of rural households in India for 2016-17 at 21.17 crore. The definition of “rural” is a broad one, covering revenue villages and semi-urban centres with a population of less than 50,000. Out of the 21.17 crore rural households, 10.07 crore, or under 48 per cent, are […]


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Demonetisation: Who is Responsible for the Deaths of 100 Odd People in Queues?

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Spread the love           Nearly two years after that game changer announcement by the Prime Minister, the annual report of the Reserve Bank of India has come out with the data which nails each and every claim made by the Prime Minister about the objectives of the demonetisation and its eventual success. The RBI has to statutorily […]


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