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Rebooting Economy 66: Is India facing credit deprivation to warrant corporation banks? RBI s database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy Prasanna Mohanty | February 10, 2021 | Updated 18:39 IST What compromises the Indian economy further is India s repeated failure to resolve stressed assets over the past few decades In November 2020, an internal working group (IWG) of the Reserve Bank of India (RBI) recommended that India s large industrial houses be allowed to run banks to increase credit-to-GDP ratio from the current level of 50% to more than 150%, in line with many developed economies, for higher growth. Now Prof. Arvind Panagariya, former Niti Aayog vice-chairman, is claiming that India faces acute problem of credit deprivation to support the same cause. ....
Indians should stop reading too much into the artwork on the Constitution and instead heed its words There have been alarming attempts to use the drawings in the margins of the document as an authoritative source for constitutional or policy matters. Jan 26, 2021 · 06:30 am On January 26, 1950, after 165 days of deliberation, 284 members of the Constituent Assembly of India unanimously adopted the Constitution. The original, calligraphed copies of the document were sent to the artist Nandalal Bose and his students at Santiniketan, who decorated each of the 22 parts with elaborate art. When placed in sequence, the art reveals a linear, rather banal, narrative of the Indian subcontinent from the Indus Valley civilisation to the birth of the Republic. ....
Intended Audience(s): Public Categories: India, soon to be the most populous nation in the world, has long been viewed as the prototype of a society held together by strong bonds of tradition and group allegiance. Is it time to treat Indians as individuals? In their provocative 2019 book A New Idea of India: Individual Rights in a Civilisational State, Harsh Madhusudan and co-author Rajeev Mantri say yes. Come hear Harsh (Econ 09) make his case. This Zoom Webinar, sponsored by the Political Economy Project, will take place on January 21 at 12:30 pm. It is free and open to the public. No registration necessary to join the Webinar click https://dartmouth.zoom.us/j/96879340994?pwd=cnczc1owS2xIa2RaamhHNlVZUlYzZz09 or use the Webinar ID 968 7934 0994 and Passcode: 609456. ....