Explained: The Fall of the Rupee, the RBI’s Response, and Current State of India’s Economy
Things have taken a rocky turn for the Indian rupee this year and the Central Bank is worried about how the domestic currency is unspooling. Representational image. | Photo Credit: REUTERS In what feels like chucking pails of water at a forest fire, the RBI has been selling dollars in
Azure Power Accused of Land Grab for Solar Power Project in Assam | EXPLAINED
In 2019, the descendants of an erstwhile zamindar family entered into an “agreement of sale” for 91 acres of land to Azure Power Forty Pvt Ltd in Mikir Bamuni Grant village in Assam’s Nagaon district to build a solar power plant. The land deal directly affected the livelihoods of at
Azure Power Accused of Land Grab for Solar Power Project in Assam | EXPLAINED
In 2019, the descendants of an erstwhile zamindar family entered into an “agreement of sale” for 91 acres of land to Azure Power Forty Pvt Ltd in Mikir Bamuni Grant village in Assam’s Nagaon district to build a solar power plant. The land deal directly affected the livelihoods of at
The Adani-Modi Nexus Faces Its Greatest Test
To contend that the indictment of Gautam Adani, his nephew, and their associates, in the United States has dealt a blow to the ambitions of one of India’s, and the world’s, richest men, would be an understatement. The prominent tycoon, whose proximity to Prime Minister Narendra Modi is the stuff
Bihar Alcohol Ban 2016-2024: Impact, Failures, and Political Future
When Chief Minister Nitish Kumar banned the sale of alcohol in Bihar in 2016, it sparked mixed reactions. Recently, the Patna High Court castigated State government officials, suggesting that they were making money from the rampant illicit liquor trade enabled by them. The High Court made strong remarks while overturning
India’s Elderly Care Crisis: Healthcare Costs, Digital Divide, and Policy Gaps Affect 153M Senior Citizens
“I still use checkbooks at the bank and don’t own credit cards, debit cards, or any net banking app,” says R. Sampathkumar, an octogenarian from Chennai. A retired deputy manager from Indian Oil Corporation, he is recovering from knee surgery performed seven months ago. He lives with his wife in
India’s Economic Inequality Crisis: How Elite Development Models Failed the Nation
On June 4, 2005, the venerated business house of the Tatas signed an agreement to set up a steel plant in Bastar, Chhattisgarh. Virtually on the same day, a private militia known as Salwa Judum (“Peace March” or “Purification Hunt” in south Chhattisgarh’s Gondi language) emerged in Bastar to protect
Why has the Indian Rupee Slumped to a Lifetime Low, Slipping Below the Level of 84 to the Dollar?
In a recent tweet, a staunch supporter of the BJP government wrote about the Indian rupee’s strength versus the Turkish lira pointing to the lira’s staggering 92 per cent drop against the Indian rupee in 11 years. This, he believed, reflected significant economic instability in Turkey: the subtext of course,
TAMIL NADU | The Hidden Human Side of Industrialisation
At a Dell Computers factory in Sriperumbudur in Kancheepuram district. Tamil Nadu is home to numerous multinationals and ranks among the top States in the ease of doing business criterion. | Photo Credit: REUTERS Tamil Nadu is currently a “boom State”, being a leading manufacturing hub and a major exporter
Modi government shuns populist Budget as focus stays on infrastructure
Union Finance Minister Nirmala Sitharaman during a news conference in New Delhi on February 1. In her last Budget speech before the general election, Sitharaman said that the Central government will increase infrastructure spending by 11 per cent in the coming financial year and curb its fiscal deficit. | Photo Credit: