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RBI Bulletin: A big bang approach to PSB privatisation may do more harm than good

-Moneycontrol.com The study also suggests that market confidence tends to be in favour of PSBs in terms of crisis. The latest Reserve Bank of India (RBI) bulletin published on August 18 suggests that a big bang approach to privatisation of Government-owned banks may do more harm than good. A paper published in the bulletin analyses various pros and cons of privatisation and identifies how an emerging economy like India may face more challenges...

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Over 11,000 crop residue management machines go missing in Punjab; vigilance probe ordered

-PTI/ The Hindu Punjab’s Agriculture Minister Kuldeep Singh Dhaliwal said according to initial investigation by the agriculture department, it appears that a sum of ₹125-150 crore has been misused The Punjab Government has said it has initiated a vigilance probe into a ₹150-crore scam in the distribution of crop residue management machines among farmers during the previous dispensation led by the Congress. State Agriculture Minister Kuldeep Singh Dhaliwal, in a statement on Wednesday,...

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Near-Catastrophe At Madhya Pradesh's Karam Dam Brings Tender Scam In Focus Again -Anurag Dwary

-NDTV.com Karam Dam one of many being probed, BJP has said; wider scam pegged at ₹ 3,000 crore; minister says won't spare guilty "even if from our party" Bhopal: Madhya Pradesh's Karam Dam, at the centre of a near-catastrophe after cracks earlier this week, has been in the headlines for leaks earlier too — of public money, that is. Its part-collapse after heavy rain brings back into focus the e-tendering scam that...

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Centre weighs ban on rice exports -R Suryamurthy

-The Telegraph Officials said the Government is weighing up the option of some kind of restrictions on the shipments of rice New Delhi: After wheat, the Centre is mulling curbs on rice exports as the acreage under the crop this season has shrunk about 13 per cent over the previous year because of deficient rains in key rice-growing states — leading to a rise in the price of the foodgrain. Analysts said the...

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Will Centre extend free foodgrains scheme beyond Sept or let it fade away? -Sanjeeb Mukherjee

-Business Standard While the production of foodgrains and the financial position of the Government are important points, electoral compulsion may become the deciding factor for the survival of this scheme A sharp drawdown in India’s wheat inventory exacerbated by a fear of a fall in rice production due to drought-like conditions in the main growing states has raised questions on the Government’s ability to sustain the free foodgrains distribution scheme beyond its...

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