Will Rajan Idenify Faultlines Before Reducing Interest Rates?

Clamor for interest rate cut is gaining ground day by day. Finance Minister has already lent his moral support  for a reduction. He cannot dictate his term to the RBI. That is the beauty of delicate balance of power between union finance ministry and the RBI. While fiscal measures are within the exclusive purview of the finance ministry, monetary policy is tooled by the RBI. There were instances of power equations getting awry: one trying...

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Today in Kerala is the day of Boozers

If yesterday was the day of the booze haters today belongs to the opposite camp. A bench of Kerala High Court stayed the order of the single judge regarding closure of bars in three and two star hotels. The stay is for one month till the double bench court decides on the issue. it has given the bar owners a short reprieve and some degree of confidence to fight out the case.  The stay  of the order of th single bench which ...

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MGNREGA Connect

If  you ask me what is the lasting connect between governors and governed in India, I  would say it is the Mahatma Gandhi National Rural Employment Guarantee Scheme, popularly known by its acronym MGNREGA. Of course, I owe an explanation. Because, it is the only scheme that gives the employment cover for those who are willing to work. Though it guarantees work up to 100 man days in a year, in effect the total employment per year...

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An Economy of Watering Holes

The Kerala High Court decision upholding the decision of the Kerala Government for closure of the bars in two and three star’s hotels in the state by today evening was on the expected lines. The lobby working for the closure of the bars was powerful and had built sentimental inroads into every person who abhors drinking, cutting across party lines. Its vociferous supporters were women and some activists. Now the Kerala Bar Owners’ Association...

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