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Urjit Patel, former Governor of Reserve Bank of India, interviewed by Puja Mehra (The Hindu)

-The Hindu Our macroeconomic problems have created financial sector crisis periodically, says the former Reserve Bank of India Governor. In his first interaction with a journalist after stepping down from the Reserve Bank of India (RBI), former Governor Urjit Patel spoke about his new book, Overdraft: Saving The Indian Saver, with Puja Mehra in a conversation on invitation from the Pune International Centre. Edited Excerpts. * What made you decide to write this...

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Reimagining urban housing for those who have always worked from home -Shalini Sinha & Malavika Narayan In absence of any overarching policy protecting them, home-based workers are one of the worst affected in the coronavirus pandemic. Around 41.85 million workers in India work from their homes as home-based producers. They have always done so, even before the pandemic. The poor quality of their homes and the deficits in housing and urban infrastructure policies have grave economic consequences for them, which are being exacerbated by the Covid-19 crisis. At...

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19 lakh NRC-excluded stuck in limbo -Rahul Karmakar

-The Hindu A year later, they are yet to receive rejection slips. Guwahati: A year after the publication of the complete National Register of Citizens (NRC), the fate of 19,06,657 people excluded from the updated list in Assam continues to hang in the balance. The ongoing Covid-19 crisis and the floods in between have been blamed for the delay in the process of issuing rejection slips to each of the excluded, citing the...

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In ‘act of god’, coercive not cooperative federalism -Rajeev Gowda and Manpreet Singh Badal

-The Hindu In bridging the GST gap, the Centre ought to help States through the Consolidated Fund of India It is beyond anyone’s imagination that the Government of India would invoke the “Force Majeure” clause against its own people. Unfortunately, this has become reality at a time when every Indian State is massively burdened by the Covid-19 crisis and governance has been severely affected. Finance Minister Nirmala Sitharaman’s statement on Thursday that the...

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Centre must borrow and pay States’ GST dues: Kerala

-The Hindu State rejects Centre’s options; to work for consensus among States. THIRUVANANTHAPURAM: Kerala has rejected the two options for Goods and Services Tax (GST) compensation mooted by the Centre at the 41st GST Council meeting earlier this week. Instead the State has asked the Centre to take a loan and provide compensation to the States. “We have decided to inform the Centre in writing that the State cannot agree to the two...

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