Many have found faults with the latest directions. Legally speaking, the critics are right. The Supreme Court is encroaching on the legislature’s territory, but, all the same, that misses a fundamental aspect. Criminalisation of politics is so pervasive in our democracy, and if one doesn’t begin to address it, it will only continue to fester. The 2018 judgment expressed the confidence that Parliament would ‘take it upon itself to cure the malignancy’. However, Parliament is run by the very same people we wish it to be purged of. Their perverse incentives for keeping the status quo would make it unreasonable for us to even expect change through the legislature. … [Read more...] about Legal Matters | Democracy in the dock
Between October 20, 2008, and January 5, 2009, then RBI Governor D Subbarao wielded the knife on the repo, slashing it by 350 basis points in four tranches — from 9 percent to 8 percent on October 20, 2008, from 8 percent to 7.5 percent November 3, 2008, from 7.5 percent to 6.5 percent on December 8, 2008, and from 6.5 percent to 5.5 percent on January 5, 2009. … [Read more...] about Policy | Zero is not too far from 4.4; Repo at record low, inching towards CRR
Supporters of the idea, which include the ruling BJP, are of the opinion that development and governance is taking a hit because, at any given time, a part of India is in election mode. They also argue that by holding elections at one go, poll costs would be drastically reduced. The 2014 general elections had cost Rs 3,500 crore, according to estimates from the Election Commission. … [Read more...] about Opinion | Simultaneous elections is an idea that looks good only on paper
Non-cooperation among parties can’t happen at a worse time as there are some major bills that are waiting to be passed. The Criminal Law (Amendment) Ordinance, 2018, also known as the anti-rape bill, will increase the punishment of those convicted of rape. The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, which needs to become law, recognises the rights of home-buyers by classifying them as financial creditors. If these ordinances are not passed, they will lapse. … [Read more...] about Opinion | Monsoon session: Will law to nab Vijay Mallya, Nirav Modi pass?
Out of the 3.29 crore applicants, 2.89 crore have been found eligible for inclusion in the complete draft of NRC, that was released in Guwahati yesterday. This meant that the names of 40.07 lakh have been left out.Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now! … [Read more...] about NRC issue: TMC creates uproar in Rajya Sabha, House adjourned till noon