-The Hindu Business Line Remonetisation taking place at a good pace, RBI Governor tells House panel New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done. Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by...
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IRDAI issues new norms for mediclaim policies -Rachel Chitra
-The Times of India CHENNAI: Many customers only realise at the time of making a claim that their health insurance policy does not cover certain medical conditions or ailment. Policy holders usually depend on what has been told to them by their insurance agents, who sometimes overstate the coverage. To prevent such cases, the Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to group together all policy exclusions...
More »Farmers need remunerative prices, not debt waiver, to end rural distress -TK Arun
-The Economic Times Farmers are agitated. Loan waivers have not stemmed protests or farmer suicides. This is a multidimensional problem and also a huge political opportunity for parties that can think constructively. Waiving loans is bad policy. It adds to the fiscal stress of states, straining under the electricity utility debt they have taken over. The states would undo the Centre’s hard-wrought fiscal discipline, scaring rating agencies. Waived loans bring little benefit to...
More »CAG to audit Noida, Greater Noida, Yamuna Expressway authorities
-PTI PM Narendra Modi had alleged large- scale corruption in the Ghaziabad Development Authority during the UP Assembly election campaign Lucknow: The Uttar Pradesh government has ordered CAG audit of THRee industrial development authorities—Noida, Greater Noida and Yamuna Expressway—which are facing allegations of irregularities and corruption. The controversy over allowing CAG access to these authorities had erupted during the UP Assembly election campaign when Prime Minister Narendra Modi had alleged large- scale corruption...
More »Food and farming: Two futures -Vandana Shiva
-Deccan Chronicle The slogan was that there would never again be scarcity of food because we can now make “bread from air”. There are two distinct futures of food and farming. One leads to a dead end. A dead planet: poisons and chemical monocultures spreading; farmers committing suicide due to debt for seeds and chemicals; children dying due to lack of food; people dying because of chronic diseases spreading due to nutritionally empty, toxic...
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