Author Archives: Loknath

15th Finance Commission terms tilt fiscal scales in favour of the Centre

The challenge has been to achieve this without unduly damaging state government incentives for raising their own revenue, and for spending with profligacy. (Reuters) The current ruling coalition has shown a propensity for bold moves in its attempt to reshape India’s polity and society to match its vision of the nation. The economy has sometimes received similar treatment, with the ... Read More »

Govt should take CMs’ views for Finance Commission’s reference terms: Manmohan

Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers’ views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and cooperative federalism. Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ... Read More »

Education: Beyond the Learning Curve

Class action: Students in a Kolkata school (Photo: Subir Halder) The Journey So Far The K. Kasturirangan committee has submitted the Draft National Education Policy, 2019. The new education policy could come in November. Five public universities have been given the ‘Institution of Eminence (IoE)’ tag; five private varsities have received letters of intent for the same. [“source=indiatoday”] Read More »

Is The American Dream Fraying? What We Can Learn From The Finance Industry

Nearly 80% of Americans have a negative perception of big business. High-profile scandals, stagnant wages, harmful products, and poor working conditions are all to blame. That’s why the Business Roundtable made waves in August when it published a revised mission statement, signed by 181 prominent CEOs. According to the new statement of purpose endorsed by financial firms including JPMorgan Chase & Co., BlackRock, Inc., ... Read More »

Putting local actors in the driving seat of climate finance

Food security is an increasing challenge in Nigeria, with 54% of households food insecure in 2016. Production is largely dependent on natural environmental resources like fertile land, rainfall, temperature and humidity. Much of the country’s agricultural land has been redeveloped for the oil and gas industry and the forest destroyed to give way to big infrastructure projects. Not only is ... Read More »

Chandigarh: UT Finance Secretary’s personal assistant booked

A police officer said, “A case has been registered in PS-03, Chandigarh on the complaint of Dr. N. S Bharadwaj, Deputy Director, Ayush (Ayurveda), against Surinder Kumar.” (Representational Image) The Personal assistant of UT Finance Secretary was booked by the Chandigarh police for allegedly misplacing a file related to a vigilance inquiry. The accused has been identified as Surinder Kumar. A police ... Read More »

Finance ministry sets up task force to identify infrastructure projects worth ₹100 trillion

The government has set up a task force to identify technically and economically viable infrastructure projects that can be kick started in the current financial year and can be included in the ₹100 trillion plan for the sector in the next five years. The finance ministry on Saturday said the task force will draw up plan for the ‘national infrastructure pipeline’ from 2019-20 ... Read More »

New small finance bank licenses on the way

The central bank plans to offer new licenses to set up small finance banks and allow payments banks to also apply for licenses, people familiar with the development told Moneycontrol. If payments banks are allowed to become small finance banks, it will allow them to offer a wider bouquet of services, including microloans. It will also be an acknowledgment of ... Read More »

Sorority Sisters Fight Back In First ‘Black Christmas’ Trailer

In a sane world, we’d have gotten word of the first official pre-release tracking for Blumhouse’s The Hunt. That politically topical riff on “The Most Dangerous Game” was (temporarily, I would hope) pulled from its planned September 27 theatrical release in August following two high-profile mass shootings and following its entry into the current madhouse that is modern political theater via implicit condemnation ... Read More »

Muthoot Finance threatens to close strike-hit branches

Kerala-based Muthoot Finance Company, facing a protest by a section of employees demanding revised salary structure and other benefits, on Tuesday threatened to close some of its branches in the state. The management of the nationwide network of non-banking financial services company alleged that some vested interests had launched the strike and the frequent strikes affected the operations of some of ... Read More »