Category Insights

Insights, a blog published by IMPRI.

Supreme Court Overrules the Litigious Enthusiasm of State Functionaries

The Supreme Court passed an order last week placing a fine of ₹1 lakh on an officer of the Enforcement Directorate (ED), to be deducted from his salary, for filing an appeal in the apex court against the bail granted by the Allahabad High Court to a cancer patient in a money laundering case. This is a most welcome development.

Depreciation of the Rupee vis-a-vis Dollar

There is much fretting about the depreciation of the rupee vis-à-vis the dollar. It is commonplace to equate a strong currency with a strong economy. But that is not true, especially in an emerging economy. Rupee depreciation is nothing to worry about as long as there isn't too much volatility and sufficient foreign exchange reserves.

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