Section 7 of the Reserve Bank of India Act, 1934 reads: “The Central Government may from time to time give such directions to the Bank as it may, after consultation with the Governor of the Bank, consider necessary in the p
Aadhaar was intended to be a unique identification number. So that, it will not — and cannot — be fabricated, duplicated or misused. Welfare States hand out money, either in the form of cash or benefits.
The government has tacitly acknowledged that the economy faces a crisis. The ‘crisis managers’ met with the Prime Minister on September 14, 2018. The governor of the Reserve Bank of India (RBI) was summoned to attend the
After looking at data over the medium term, it appears that the foundations of macroeconomic stability of the Indian economy are becoming weaker. The trend may still be reversed and, as a concerned citizen, I hope it will be.
Reform is a word that has many meanings. It is usually associated with economic reforms, but there are reforms outside the economy that are as important as economic reforms and, in their own way, reinforce economic reforms, h
Mr Atal Bihari Vajpayee, 93, passed away last Thursday after a long battle with illness. He started his political career as a swayamsevak, remained a member of the Jana Sangh until its merger in the Janata Party, founded the
On its way to the final, Croatia beat Nigeria, Argentina, Iceland, Denmark, Russia, England and drew with Switzerland. Other examples of small but prosperous countries are Iceland, Austria, Norway, Sweden and New Zealand.
After the election, Ms Swaraj fought a lonely battle to find an honourable place in the new govt and was ultimately accommodated as EAM — but with little say in the conduct of foreign policy, which had been taken over by th
If there is a Shangri-La, it is not likely to be in India, and that will be a big disappointment for all Indians who take pride in the history, culture, civilisational attributes and traditions of the country.
What brought the two into focus at the same time was the letter written by the Archbishop to the parish priests on May 8, 2018, and the essay written by Mr Ribeiro in a major newspaper on May 28, 2018.
A famous election promise was that the rupee-dollar rate (then Rs 59) will be brought down to Rs 40! Between January and May 2018, the rupee has been among the worst performing currencies. It has depreciated from Rs 63.65 to