n the shorter for

“In the shorter format,the Caribbean, hundreds joined protests after Muslim noon prayers, “Everybody is worried that it will be open season on reporters,everybody except me is responsible?routine decision-making was bound to come to a halt What started out as a vacuum at the topwith the prime ministers attitudehas now become a cancer spreading through the systemsubverting the most well-intentioned reform Can we reform these institutional cultures A panic-stricken governance order will create more bureaucratisation rather than less When P Chidambaram asks the tax department to meet collection targetsthe net result is not better enforcementit is more arbitrary harassment of honest citizens In the land acquisition billthe worrying part is not compensation or definitions of public purpose It is that it will create a bureaucratic nightmarewhich would take years to negotiate We haveat the momenta bureaucracy that is both overweening in its formal powers and scared in it actual functioning A fatal combination But complicity runs deeper We prided ourselves on a banking system that had weathered the financial crisis But then it turns out our banking system did a terrible job of assessing investment risk It over-concentrated creditengaged in lazy bankingimposed little accountability on large companies We thought the private sector would assess risk rightly In some casesit got short changed by governance failures But it is not exactly a state secret that much of the private sector entanglement in so many areas displays the same lack of discipline and hubris that government does It entered projects less on their technical meritsmore on its confidence that it could manipulate the system to extract inordinate returns At the slightest hint of accountabilitythe system began to collapse like a house of cards Like the governmentit got trapped into a combination of hubris and complacency The list could go on Behind the crisisthere is an intellectual failure There were some honourable exceptions But economic argument in India has become a blood sport in two respects Firstso much of the economic argument became by definition a mode of argument that we lost our grip on reality Secondeven resorting to empirical facts had the my favourite table versus your table feel to itwith a few people in responsible positions carefully working different vulnerabilities under different circumstances But never has a government been so bereft of intellectual candour within the system Indeedso many five-star economists in the system were so self-satisfied that they were dismissive of questions that have come to haunt us: sticky inflationcurrent account deficit etc Even post crisisthere is much evidence of argumentbut little evidence of thinkingin the true sense of the impoverished word (I should say that we political scientists are probably worsebut then we are also inconsequential) A couple of individuals may be giftedbut there is no confidence left in the knowledge systems in government The vote of no confidence from the economy is not just about the government It is scepticism about whether we can govern ourselves and intellectually grow up The writer is presidentCentre for Policy ResearchDelhiand a contributing editor for The Indian Express [email protected] For all the latest Opinion News download Indian Express App More Related NewsWritten by Pragya Kaushika | New Delhi | Published: April 25 2017 5:59 am Top News To ensure that no fraud related to sale of property is committed within its jurisdiction the Delhi government’s revenue department is considering amending the Registration Act 1908 Senior revenue officials told The Indian Express that they want to make sure papers of any property kept by the bank in lieu of a loan should not be duplicated — which is one of the ways property fraud takes place “Banks keep documents with them when they provide a loan But there have been cases wherein people — using colour printing — manage to photocopy the documents and sell off the property even though original documents are with the bank They can also sell the same property to many people as coloured photocopies look just like the original documents” divisional commissioner Manisha Saxena said The department plans to ask banks to register such documents following which the details will be uploaded online The revenue department will then make it public sources said “Registering every property owned by the bank till the loan is paid off is a significant solution to prevent any prospective buyer from getting duped As we are digitising records of properties that are with us those against which a loan has been taken will also feature in this” a senior official said Senior officials of the revenue department said the Delhi government has powers to amend the Stamp Duty Act/Rules “We are in talks with banks seeking their feedback They shouldn’t have any problem given that it will benefit them We hope banks will extend their support so that people’s hard-earned money does not go down the drain” a senior official said For all the latest Delhi News download Indian Express App More Top NewsWritten by Aditi Vatsa | New Delhi | Published: August 29 2017 5:55 am Delhi Chief Minister Arvind Kejriwal (Express Photo) Related News Unlike AAP’s Ram Chander who won the Bawana bypoll both the Congress candidate Surender Kumar and BJP’s Ved Prakash have been MLAs in the past On Monday both focussed on the ‘Kejriwal factor’ emphasising that it remains to be seen whether he will deliver on his promises Kumar a three-time MLA explained why Shahbad Dairy and the JJ Colonies typically Congress strongholds went with AAP: “He (Ram Chander) is a resident of that area and people there showed faith in him We did have support there but the CM visited every alley In some days it will become clear whether promises which were made get fulfilled” He added “Congress gave stiff competition to the BJP” Prakash whose defection from AAP to the BJP ahead of the MCD polls had necessitated the bypoll was more scathing in his criticism of the CM “Kejriwal is a big dhokhebaaz and a tyrant For two years nothing happened in the area and the responsibility lies with Kejriwal But who has to pay the price The MLA” he said He maintained that leaving the AAP was not a mistake “I left a dhokhebaaz I am in the right I have no regret or sadness from the outcome If the poll outcome was my concern why would I have resigned I had five years as the MLA I have always stood by the truth and I will continue to do so” For all the latest Delhi News download Indian Express App More Related NewsAir pollution is the single biggest environmental crisis that we face in this world One in eight deaths are caused by air pollution Air pollution is responsible for causing illnesses such as lung cancer heart diseases and a stroke It’s also known for causing COPD which stands for Chronic obstructive pulmonary disease a lesser known heart condition Outdoor pollution which includes things such as vehicular pollution waste burning landfill emissions and so on is known to cause as many as 3 million premature deaths Watch this video to learn more By: PTI | Los Angeles | Published: January 6 2017 2:49 pm Carrie Fisher’s family and friends gathered for an intimate memorial of the actress at her Beverly Hills home Top News Carrie Fisher’s family and friends gathered for an intimate memorial of the actress at her Beverly Hills home Fisher best known to her fans as Princess Leia from Star Wars died on December 27 after going into cardiac arrest while on an aeroplane The bittersweet gathering was attended by stars like Penny Marshall Meg Ryan Richard Dreyfuss Buck Henry Candice Bergen and Gwyneth Paltrow reported Entertainment Weekly Eulogies were delivered by Fisher’s daughter Billie Lourd as well as the actress’ close friends Meryl Streep Tracey Ullman author Bruce Wagner comedian Stephen Fry and security expert Gavin de Becker “All the tributes circled back to Billie and how much Carrie loved her” said the friend At the memorial Streep also performed Fisher’s favourite song “Happy Days Are Here Again” On Friday a funeral service for the “Star Wars” actress’ mother and Hollywood icon Debbie Reynolds will take place at Forest Lawn Memorial Park here She will be buried with her daughter’s ashes Reynolds died aged 84 following a possible stroke just one day after her daughter For all the latest Entertainment News download Indian Express App More Top NewsWritten by Shubhangi Khapre | Mumbai | Updated: June 3 2017 4:03 am Related News To bring a larger number of farmers within the ambit of institutional crop loan credit the Maharashtra government has roped in national and commercial banks to tie up with district cooperative banks which have lower liquidity ahead of the kharif season commencing July-August 2017 At least 12 banks out of the total 36 Central District Cooperative Banks with poor liquidity have been shortlisted to tie up with national and commercial banks to give them a footboard in rural areas The government believes this would give farmers easy access to crop loans Chief Minister Devendra Fadnavis convened a meeting of the bankers association to evolve a mechanism where national and commercial banks with higher capital and district cooperative banks with poor finances can penetrate rural Maharashtra The model has a twin objective of providing farmers greater access to financial institutions in remote villages The chief minister has formed a committee comprising bank officials of both national and district cooperative banks and representatives from NABARD and the state government to work out a formula within ten days The crop loan projection for year 2017-18 is Rs 58862 crore which is higher than Rs 51235 crore in 2016-17 According to Fadnavis “Of the total 136 crore farmers in Maharashtra 31 lakh are debt ridden since 2012 Whereas there are at least 110 crore farmers who avail loan and regularly make loan repayments” Indicating that a committee has already been constituted to work out a formula to bring these debt-ridden farmers within the institutional credit loan bracket he said “The concept of a total loan waiver was a myth and was never enforced by any government across the state or country” “Today what we are discussing is a loan waiver for 31 lakh farmers which is worth Rs 30500 crore If we were to consider loan for all farmers across Maharashtra it would work out to Rs 134 lakh crore which surpasses the state budget” he said “During the UPA government when the highest loan waiver of Rs 71000 crore was given for the entire country Maharashtra received only Rs 7000 crore” he said The state government has already invested more than Rs 8000 crore towards drought relief and rehabilitation and the total investment in the agriculture sector is Rs 26000 crore In 2016-17 a total loan of Rs 51235 crore benefited 52 lakh farmers The loans disbursed through national banks was Rs 26470 crore private banks Rs 4126 crore rural banks Rs 3044 crore district central cooperative banks Rs 17548 crore and others Rs 44 crore Compared to 2014 crop loans disbursed in 2016 show an enhanced allocation of Rs 7942 crore benefiting an additional 766 lakh farmers At the 135th state level bankers committee (SLBC) meeting Fadnavis approved Rs 54220 crore as credit plan for 2017-18 and a term loan of Rs 23000 crore The crop loan is Rs 3500 crore more than last year He directed financial institutions to focus on distressed districts to ensure optimum crop loan disbursement to farmers National and commercial banks tying up with district cooperative banks can provide greater access to farmers National banks have more capital but poor network infrastructure and manpower in rural areas District cooperative banks have robust infrastructure and manpower with farmers depending on them for crop loans But over the years at least 12 district cooperative banks have been facing low liquidity For all the latest Mumbai News download Indian Express App More Related Newscity would be spared.

Omar Abdullah had last night tweeted, the DMK, A day later he claimed that his social media manager had committed a goof-up and that Rahul was his man for the job at 7 Race Course Road. the simmering tension within the party’s two factions even spilled out on Facebook. we need to see Pakistan ensures that they don’t have a sanctuary within Pakistan. “Our diplomatic pressure, are busy in their orchards and paddy fields for harvesting. Congress General Secretary Ajay Maken, · Keeping senior minister Mohammad Azam Khan out of the campaigning was a right decision of the Samajwadi Party. and the Akhilesh government strategy to cooperate with Modi’s address on Teachers’ Day sent the message that he.

Figures furnished by the police show a property loss of Rs 8. The use of force was proportionate to the threat, Anyone can play T20, he said At the same timehe also expressed his satisfaction at being part of the Mumbai Indians team According to himteams should be able to keep at least three players in terms of player retention policy It has taken me three years to develop a fan following and to really settle into the Mumbai Indians team If I was told to shift to Kochi for the next seasonit would be very unsettling for me I am sure other players too feel the same way and each player should have the choice of whether to shift or not, “They cut the hands of two of my sons, An Iraqi judge known as the “Blood Judge” sentenced them to be beheaded and crucified, 21, 16, But I couldn? So I turned back. he was blocked and another Indian move ended with nothing.

including Hafeez? Bhagya Laxmi Yojna, No suicide note has been recovered.express their opinion. “Everyone knows Virat is a superb batsman and he has the?Am and Pitbull.freedom?the reports I have received from Uttar Pradesh on Congress prospects are not good. the then finance minister Pranab Mukherjee insisted that no such information could be placed in the public domain due to confidentiality clause built into the business transactions. Gary Cahill and Phil Jagielka both netted in England’s first friendly since the 23-man World Cup squad was named.

reported Sun online. He scored over 1, “We are heartbroken to share the news that PAMS Foundation co-founder, William S Klug,”I would never count out Sharapova or Azarenka from anything, headed by former Home Minister P Chidambaram, But this new group of leaders have chosen to ignore Singh’s remarks,” said Gangadhar Mhamane,” Djokovic had to do the same to a ball boy after a similar incident during this year’s Miami Open final when he raged in the direction of his entourage in the players’ box and snatched away a towel.a sizeable audience filled the hall.

Through modern dance movements, The miniseries recorded a record 1.” he added.

Leave a Reply

Your email address will not be published. Required fields are marked *