This continuous contraction of the GDP is destroying lives, livelihoods, pushing crores of our people into poverty, hunger and deprivation. It is no longer a crisis of livelihood: it is a crisis of survival.
The Polit Bureau of the Communist Party of India (Marxist) strongly disapproves of the manner in which the Reserve Bank of India’s reserves are being sought to be utilized to meet the fiscal deficit.
RBI's figures on the number and value of new notes it has put in circulation do not add up. The discrepancy is of more than half a trillion rupees. Is RBI trying to deceive people by claiming to print more notes than it actually did? Or is the RBI, under the new governor, too inept to get its figures right?