Business/Economy
UP, Bihar lead the way to adopt PM Modi's pet e-SamikSha scheme - Aman Sharma, Economic Times
Bihar chief minister Nitish Kumar and his UP counterpart Akhilesh Yadav may be political rivals of Narendra Modi but that has not come in the way of their state governments adopting a pet governance idea of the Prime Minister.
Riders to allow FDI in food product retail worry government - Sidhartha, ToI
The government is grappling with the foreign direct investment (FDI) norms for made-in-India food products after the food processing ministry suggested moves that will end up diluting the Budget announcement meant to improve infrastructure and reduce wastage.
Looking afresh at farm sector - Uttam Gupta, Pioneer
Prime Minister Narendra Modi’s objective to double farmers’ income by 2022 is being looked upon with scepticism. Critics argue that this will require an agricultural growth of more than 10 per cent per annum, at a time when growth in agriculture has collapsed to less than half a per cent per annum.
Deciphering Raghuram Rajanís next move - Rajeev Malik, Mint
All eyes are on Reserve Bank of India (RBI) governor Raghuram Rajan as he gears up for the first bimonthly monetary policy meeting of FY17. This is scheduled for 5 April, and would be the second meeting in the current calendar year. It would be useful to take stock of the positive and negative factors since the last meeting that are likely to affect the central bank’s actions and guidance.
Decoding the shift in global economic power - CP Chandrasekhar & Jayati Ghosh, Business Line
Much has been made of how there has been a substantial shift in the balance of economic power between the advanced capitalist economies (or the “North”) and some economies of the global South. It is true that very recently the hype surrounding “emerging markets” has died down, as international capital flows have swung away from them and many of them have shown decelerating growth or even declines in income as global exports fall.
Raising farmersí income by 2022 - Ashok Gulati & Shweta Saini, Indian Express
For the last two months, the Narendra Modi government seems to have gone into an overdrive to appease farmers. Several farmer rallies have been organised and the common theme has been the PM’s “dream” to double the incomes of farmers by 2022.
Updating Aadhaar for better privacy - Rahul Tongia, Hindu
To its proponents, Unique Identification (UID, branded Aadhaar) is the solution to citizen empowerment. To its opponents, UID is a violation of not only citizen privacy but even citizen rights. In reality, like any programme or project, it can be anything we design it to be. It is only through purposeful design that we can ensure that risks and unintended consequences are kept under control.
Improving governance in banks - Krishnamurthy Subramanian & Prasanna Tantri, Mint
The recent sudden surge in disclosed non-performing assets (NPAs) of public sector banks in India has resulted in strong public outrage. As usual, popular opinion and media analysis, which is influenced by availability bias, seems to blame the greedy industrialists entirely for the mess.
Aadhaar: Fact and fiction - Anil Padmanabhan, Mint
Last week, the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016, finally got Parliament’s approval after the National Democratic Alliance (NDA) government employed unorthodox methods—introducing it as a money bill to deny the Rajya Sabha its now-customary veto. But wait a minute. This is not the big takeaway.
Will rate cut in small savings lead to lower lending rates? - Ravi Krishnan, Mint
The government has finally bitten the bullet on deregulating small savings rates. It has done two things here: one, it has removed the spread which some schemes such as the Kisan Vikas Patra and the post-office term deposits enjoy over market rates.
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