Senior Journalist Prasanna D Zore covers national politics and Maharashtra politics, as well as business and personal finance. You can e-mail the author at prasannaz@rediff.co.in
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
'When people in the Opposition join a ruling party, their intentions will always be looked down with suspicion.' 'The people who have been loyal to the party and have helped it strike roots feel wronged against when such instances happen.' 'They feel sidelined and neglected despite their loyalty to the party.'
Dr Rakesh Mohan, former RBI deputy governor, and Dr Pronab Sen, former chairman of the Indian Statistical Commission discuss the issues facing the Indian rural and manufacturing sectors and what the government must possibly do to improve demand and perk up the Indian economy
Two people, one legally assisting the affected people because of their exclusion from the National Register of Citizens (NRC), and another whose relative has been declared a 'foreigner' by the quasi-judicial Foreigners' Tribunal (FT), talk to Rediff.com about the issues on the ground that people excluded from the NRC are facing and how it can turn into a long-drawn legal process.
'The Jalan Committee has now provided very clear guidelines on how the (RBI's) balance sheet should be looked at, what kind of disclosures should be made, what are the principles on which the Contingency Risk Buffer should be maintained, what should be the revaluation reserves, and the market risk to the Contingency Risk Buffer.'
The implication of a slowdown in the financial services sector are very different (eg, likely to affect fewer people directly, and even that affecting those at the top of the income distribution) from that of a slowdown in construction, one of the most employment intensive sectors in the Indian economy (that will affect aggregate demand much more).'
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
"What the RTI Act did was to make available to citizens any information that could be provided, that the government was obliged to provide to a Member of Parliament (MP). In theory, that channel remains open to us," says prominent economist and RTI activist Reetika Khera about how Indian citizens could still have access to information that they want
It is only in the second half that Batla House has gripping moments, feels Prasanna D Zore.
'While it is very easy to blame the chief minister, the bureaucracy should be held accountable. Chief ministers come every five years but bureaucracy is a permanent setup. The bureaucracy is trained for handling such situations with alacrity.'
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
'It is not about trusting the governor but the ground situation not matching with what he has said,' Jammu and Kashmir People's Movement chief Shah Faesal, who was one of the leaders to meet the governor tells Rediff.com's Prasanna D Zore.
It was not very easy to leave the family which I built for 20 years but then I got a very warm welcome from the Thackeray family.
Arjun Patiala doesn't add up to be the spoof it was meant to be, complains Prasanna D Zore.
'The shadow banks are currently facing a liquidity and solvency crisis.' 'The danger is that it could potentially engulf the entire financial system because shadow banks have borrowed huge amount of money from banks, mutual funds, pension funds, and insurance companies.'
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
'Gold could return 10% to 12% in the next two-three years.'
'This amendment, if passed, will bring the Information Commission firmly under the authority of the government.'
'Across the political spectrum, especially from the side of the NDA itself, there is complete disillusionment (with the way the BJP is treating its allies).' 'This leaves a very bad taste in the mouth.'
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