The road ahead has many possibilities and Niti Aayog has to define many. In an interaction with Shubhendu Parth, Aayog’s member Bibek Debroy speaks about economy and issues before the new organisation: What is your assessment of the current economy? I think there is a question you have asked and there is a q
Bad news is good news; media revel in news of crisis and catastrophe. No news is bad news; some space has to be filled with news if anyone is going to look at accompanying views and ads. But if there is no news, pseudo-news can be invented, also known as speculation. Speculation is possible all round the year on weather, for luckily, India is situated far enough from the equator to have pronoun
There is considerable talk of judicial accountability in the nation, but it does not address the key parameter of time-bound justice. Of three persons in prisons two are under trials, most of whom may not have committed any crime. Right to Speedy Justice which has been recognized by the Supreme Court as a fundamental right is violated daily in the courts. Justice delayed is injustice.
Despite having third-largest internet user base in the world, India’s retail e-commerce industry is 1/80th of China’s. This was revealed in a report by eMarketer, a digital research firm. India’s e-commerce sales in 2014 were $5.3 billion (Rs 31,800 crore), 1/80th the size of China’s $426.26 billion (Rs 2,557,760 crore) and 1/58th the size
DR Dogra had spent long years with Credit Analysis and Research Limited (CARE), one of the leading credit rating agencies, before becoming its CEO and MD in August 2009. In an interview with Sweta Ranjan, he gives the rating agency’s perspective on financial inclusion. Excerpts: What is your perception about the Jan-Dhan yojana? One of the m
Usha Ananthasubramanian is the first head of India’s first bank meant for women. Set up in November 2013, Bharatiya Mahila Bank, is the youngest and smallest of the public sector banks, but is attracting attention thanks to its unique mandate. Ananthasubramanian spoke with Sweta Ranjan about the crucial aspect of gender in financial inclusion
Rajasthan and Uttar Pradesh have maximum number of Private Universities. In Uttar Pradesh alone, out of the 21 private universities in the state, politicians have an active stake in the management of seven universities. Another seven universities have businessmen holding key positions. In at least one of these universities, the vice chancellor&nbs
In August 2014, the Narendra Modi government, aiming to connect billions of Indians, announced an ambitious Digital India vision. The programme aims to deliver all government services to citizens electronically by connecting rural areas with high-speed internet network. The project has even attracted support from the likes of Facebook and Google to usher in this new era of connectivity in India
Indira Iyer, a senior fellow at the National Council for Applied Economic Research (NCAER), has been studying financial inclusion. In her paper, ‘Financial inclusion in India: Why distinguishing between access and use has become even more important’, she suggests that in India “by the very definition of financial inclusion, the focus of the rhetor
Arun Tiwari, who joined the Union Bank of India as its CMD on December 26, 2013, began his career as a probationary officer in Bank of Baroda in 1979. He has worked in almost all key segments of banking in various capacities – across the country as well as abroad. In an interview with Sweta Ranjan, Tiwari talks about how his bank views the latest push for
Bimal Jalan, a former RBI governor, feels that PMJDY is a very “good idea” and with the intelligent use of technology it can be a useful instrument for financial inclusion. In a telephonic interview with Shishir Tripathi, Jalan says he does not see any “fault lines” that can challenge the implementation of Modi’s ambit
The assembly elections in Bihar are round the corner and parties are gearing up for action. After few hiccups, Sharad Yadav announced that RJD-JDU and Congress will fight the assembly elections in Bihar together. BJP is doing all kinds of calculations to make a statement in this poll. Rajiv Pratap Rudy, a prominent face of BJP from Bihar and Union Minister for Skill Development
Ranjan Dhawan, executive director of Bank of Baroda, was entrusted with the additional charge of the managing director and CEO of the public sector banking giant on February 27. Before joining BoB as executive director in November 2012, he was the chief general manager of Punjab National Bank. With its vast network, BoB is a crucial player for financial inclusion.
Do you want to be recognized by the world as a record-breaker? You can do it: take eight steps: 1. Choose a record. 2. Contact Guinness. 3. Follow the guidelines they send you. 4. Recruit an expert just in case you need adjudication. 5. Collect evidence. 6. Send it to Guinness. 7. Wait. 8. On getting a decision, celebrate – or commit suicide. I should clarify that the last three wor
Delhi saw a significant ozone build-up this summer, which is adding to the public health risk, claims an analysis by a Delhi based NGO, Centre for Science and Environment (CSE). The real time air quality data analysis by CSE shows that Delhi
SS Mundra took charge as the RBI deputy governor on July 31 last year. Previously, he was chairman and managing director of the second largest bank, Bank of Baroda, where he had started out in 1977 as a probationary officer. At the central bank, he looks after banking supervision, currency management, financial stability, rural credit and customer service. In an interview w
Much has been said about gold in the recent past - India’s almost unwavering demand for gold, the impact it has on our import bill, the impact it has on our current account deficit and why India needs a gold policy. Yet, no one can deny that India’s largest untapped potential is gold. The affinity to the yellow metal has not waned over generations. On the contrary, deep-rooted socio
Urvashi Butalia is a publisher who along with Ritu Menon had co-founded Kali for Women, India’s first feminist publishing house in 1984. After the closure of Kali, she founded Zubaan as an imprint of Kali for Women, and continues to publish books on, for, by and about women in South Asia. She is a consultant for Oxfam India and has written prolifically on gen
Since the opening up of the Indian economy in 1991 an issue has been prominently raised by the government that huge investment is needed to boost economic growth. It is assumed that once economic growth takes place, employment and income of workers in the country will correspondingly increase, thereby reducing present unemployment. However, there is a great impediment to investm
If the prime minister’s vision comes true, by 2022 every family will have a pukka house with water and electricity connections. The Sardar Patel urban housing mission aims at making India slum-free in these seven years. Nandita Chatterjee, secretary, ministry of housing and urban poverty alleviation (MHUPA), talks to Puja Bhattacharjee about the chall
