-Scroll.in Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public...
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August rains revive kharif sowing in parched Karnataka -Sandip Das
-The Financial Express More than ‘normal’ rainfall in the last three weeks in 11 districts of south-interior Karnataka, which received scanty rains in the first two months of monsoon season (June-July), has helped revive kharif sowing activities to a large extent. According to the Karnataka State Natural Disaster Monitoring Centre (KSNDMC), the quantum of rainfall in August so far in these districts, including Mandya, Mysuru, Chitradurga and Bengaluru, has been 95...
More »They're demolishing Muslim stereotypes, a tweet at a time -Himanshi Dhawan
-The Times of India Last week, a Hyderabad court acquitted 10 accused in the 2005 Hyderabad suicide bomber case. The blast had earlier been pinned on the Harkatul Jihad-e-Islami (HUJI) of Bangladesh, but the police's special investigation team could not back its claims. While most newspapers and TV channels reported the news, the hardship suffered by the 10 Muslim men who languished for 12 years in prison, was largely buried. Twocircles.net,...
More »OBC reservation: 'Creamy layer' bar may be raised to Rs 8 lakh/ annum -Subodh Ghildiyal
-The Times of India NEW DELHI: A ministerial panel is learnt to be taking a final look at a proposal which seeks to raise the income bar defining "creamy layer" for OBC reservation to Rs 8 lakh per annum. The Cabinet note sent by the social justice ministry has been lying with the government for nearly one year and is in the final stages of approval. According to those in the know,...
More »Despite floods, India faces 5% rain deficit -Amit Bhattacharya
-The Times of India NEW DELHI: The flood fury in Assam, Bihar, Bengal and Uttar Pradesh has taken attention away from poor monsoon rains in large parts of the country in August. The month has so far seen a 24% rain deficit (till August 18), with central India in particular reeling under a prolonged break in the monsoon. The lull in rains has opened up a huge 58% shortfall in central India,...
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