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Silent return of say’s law in economic discourse
This backdoor entry of Say’s Law is reflected in the absurd rationale of the neo-liberal economic order that’s pushing an ‘export-led growth’ strategy on smaller countries.
Spending is the easiest way to revive the economy: Abhijit Banerjee
Lockdown homeschool for Indian adults: A simple economics class from a Nobel laureate, and a lesson on conducting TV interviews from a politician.
Plea in SC highlights plight of people in informal sector, seeks compensation scheme
The petition seeks directions to the Centre to formulate such a scheme and take over the financial burden of the same as States are already under financial distress
Indian traders unite against Amazon CEO, call him ‘Economic Terrorist’
Jeff Bezos was in India to announce the investment of $1 billion to digitize small businesses
Inflation and Oil: What ails India’s economy?
Will 2020 prove to be a better year for India’s economy?
Priyanka Gandhi slams EPFO’s decision to cut interest rates
If the decision comes through, it could adversely impact the retirement corpus of over 8 crore professionals
Karnataka Bank reports fraud of Rs. 40 crore
Hanung toys and Textiles Ltd was stated to be a non-performing asset and wilfully defaulting company
BPCL Divestment: Who Benefits?
Finance Minister Nirmala Sitaraman's recent announcement on divesting two state-run companies, Air India and BPCL has created a furore.
75,000 BSNL Staff Opt For VRS, Unions Blame Management for ‘Fear Psychosis’
The employees’ fronts have urged the BSNL management to engage trade unions for “constructive discussions and feedback, instead of VRS Mela.
‘There Are Very Strong Concerns About The Indian Economy’
Bengaluru: Joseph Stiglitz, 76, gently placed his walking stick beside the sofa and a stack of papers on the table as he settled in to savour some South Indian breakfast. He was in the city to deliver a lecture organised by a university.
India is losing its economic way: Growth is significantly lower, debt and distress are growing
Sabrang -
Excerpts from the transcript of Raghuram Rajan’s lecture at...
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India
97,000 persons convicted in UP under ‘operation conviction’: State Govt
Of this significant if not staggering number, 68 accused persons were sentenced to death, 8,172 received life imprisonment, 1,453 were sentenced to over 20 yrs., and 87,465 were sentenced up to 20 years’ states a report in The Hindustan Times.
Culture
‘What happened to Ali Mohammad was wrong’: UP temple’s Muslim caretaker held for offering namaz; Hindu priest to arrange bail, says he served with dignity for 35 years reports TOI
In Budaun, Times of India reported how a temple priest has offered to bail out a Muslim caretaker arrested for offering namaz on temple grounds. Paramanand Das condemned the video recording and emphasised Ali Mohammad's decades of faithful service. Despite the arrest and charges of defiling a place of worship, Das affirmed Ali's respect for all faiths and the temple's inclusive nature.
India
Odisha: senior Bhubaneswar municipal official assaulted on duty, told to “apologise” to BJP leader
In an incident reported on June 30, the motley group of BJP supporters then allegedly started assaulting him without any provocation and demanded that he apologise to Pradhan, reports the Indian Express.
Farm and Forest
Independent experts, not government servants must be part of the CEC while deciding the challenge to Forest Conservation Act: Former bureaucrats to SC
Urging that independent experts must be part of the Central Empowered Committee (CEC) advising the SC on the impacts, adverse of otherwise of the Forest Conservation Amendment Act (FCAA), 2023 –currently under challenge-- sixty former civil servants have in an open letter warned against the possibly “comprised stand and conflict of interest of the present CEC advising the Court
Rights
How Prisons Become Spaces of Quiet Erasure
The refusal to deliver a letter with posters to Gulshifa was not a surprise. Many who write to political prisoners have faced similar outcomes.
India
Bihar 2025 Election: EC drops parental birth document requirement for 4.96 crore electors and their children in Bihar
Amidst ongoing protest, opposition and debate surrounding the hastily announced revision process in Bihar, the Election Commission of India has now taken a step back; it has uploaded the 2003 Bihar electoral rolls, exempting 4.96 crore electors, and their children born after 1987, from submitting parental birth documents; individuals not on the 2003 list can still use its extracts for parental details, directly by the voters themselves
Media
Poonch Court orders FIR against Zee News, News18 for falsely labelling deceased teacher as “Pakistani terrorist” during Operation Sindoor coverage
While court orders FIR for defamation and public mischief, CJP had earlier filed complaint with broadcaster highlighting defamatory, Islamophobic coverage