Five stories you must read over the weekend -Governance Now

Five stories you must read over the weekend

From Mathura violence to the fake sim cards, from Raghuram Rajan's bi-monthly policy statement to memorable excerpts from PM's address at US Congress, we replug few must read stories for you

GN Bureau | June 11, 2016

#Raghuram Rajan #RBI #Mathura #Uttar Pradesh #Narendra Modi #Weekend

They live as whole families in small straw huts they made with their bare hands, on a patch of land miles away from the nearest town. It looks desolate. But it is, they tell me, “paradise”. Because before they came here, they had been forcibly held as bonded labourers by a plantation master. It is 2016, India is a global power, and I am talking to people who have escaped what is effectively slavery | READ: “India is a global power, and I am talking to people who escaped slavery”

In December last year, the Uttar Pradesh special task force (UPSTF) arrested more than 100 people for running fake call centres in Delhi and Noida and for duping people by posing as insurance agents. UPSTF additional superintendent Triveni Singh says that the accused procured records of people from insurance companies, got SIM cards on false identity, contacted people as insurance agents, and duped them | READ: Sin in SIM: Dial F for fraud

In the second bi-monthly monetary policy statement of 2016-17, RBI governor Raghuram G Rajan on Tuesday decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 percent. On the basis of an assessment of the current and evolving macroeconomic situation, it was also decided keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 percent of net demand and time liabilities (NDTL) | READ: Beyond the rate: Rajan’s prognosis for economy

Memorable excerpts from the PM’s address to the joint session of US Congress | Read: Figures of speech: Modi as statesman on world stage

The Uttar Pradesh government has acknowledged its failure of operational lapses for the violence that erupted in Mathura on May 2. That, however, is not enough. An armed clash that broke out between police officials and encroachers at the city’s Jawahar Bagh and left as many as 29 people dead, including two policemen, needs a strong perusal | READ: Mis-governance in Mathura

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