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Monetary policy committee (MPC) predicts downward economic growth in India

Recently, the Monetary policy committee predicted that there could be more interest rate cut down by the Reserve Bank of India (RBI) as some of the committee members have observed that growth is yet to go down, even as two members pointed out rising inflation expectations. According to a media report, one of the members, M.D. Patra stated that the state of the economy will likely get worse before it gets better. The RBI had reduced interested rates by 25 basis point in the policy. High-frequency data on indicators for estimating quarterly growth suggest that the growth slowdown may continue in the second quarter of 2019-20. Src: https://bit.ly/31twTZJ

Do you stand with @MPC

I stand with @MPC

49 votes

I don’t

75 votes

Delhi Govt to increase minimum wages for workers; excludes informal workers from benefits

Delhi Labour Minister Gopal Rai has said that he will be notifying an increase of 11% in the minimum wage by Diwali. The minimum wages are set to rise with Supreme Court allowing the Delhi government to notify the enhanced rates, which will apply to workers in the national capital on Friday. Minimum wages, as the name suggests in the least amount of wage that a working person is entitled to that can feed a family of 4 along with the expenses of clothing, housing, power, fuel and education. However, considering the wages paid for domestic help the Delhi official has clarified that some segments of workers like domestic help are unlikely to benefit from this as the nature of their job is highly informal. Do you think informal jobs should be benefited by the minimum wage hike? Src: https://bit.ly/33PoscV

Do you stand with @AAPGovt

I stand with @AAPGovt

19 votes

I don’t

16 votes

Karnataka students write exam wearing cartons, video goes viral

A video of students from Karnataka’s Bhagat Pre-University College in Haveri writing their economics and chemistry exam papers wearing cartons went viral. About 50 students were made to write their papers wearing cartons in order to curb copying in the exam by the college. A hole was cut out near their eyes to allow them to read and write their papers. Reacting to this state Education Minister S. Suresh Kumar tweeted, “Nobody has any right to treat anybody more so students like animals. This perversion will be dealt with aptly.” In defense, the college head M.B Satish told the media that a college in Bihar tried the same thing to check rampant copying during exams and was widely appreciated on social media. Do you support college's attempt to curb copying? Src: https://bit.ly/2J2wyGQ

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That's Great

17 votes

That's Sad

17 votes

IIT-Kharagpur graduate develops a device to curb vehicular air pollution

Recently the IIT-Kharagpur graduate identified as Debayan Saha has taken a leap to curb the air pollution. He has invented a device called "PM 2.5", which can curb the polluted air when fitted near the silencer pipe in vehicles. The inventor Saha said that “The technology developed by us uses a combination of electric energy and wave energy to influence the pollutants like PM 2.5 such that they act like a magnet attracting other particulate pollutants from the ambient atmosphere to get attached to it. As they grow bigger in size they become heavy and fall off safely on the ground like soil.” Src: https://bit.ly/35N06Cn