-The Hindu General Manager sends SOS to Ministry, warns that onboard housekeeping services will have to be terminated Chennai: Amid an unprecedented cash crunch, the Southern Railway has sent an SOS to the Ministry of Railways that if adequate funds are not allotted by August-end, it would have no option but to terminate onboard housekeeping services (OBHS), pest control and supply of linen contracts on all 110 long-distance trains. While officials prepare to...
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SBI aims to eliminate debit cards to boost digital payment solutions
-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. Mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote...
More »How Consultative Has India's RCEP Strategy Really Been? -Albertina Almeida
-TheWire.in There is little doubt that the smaller stakeholders and businesses within India's informal economy have the most to lose, and yet their voices are not being heard. “Concluding RCEP [Regional Comprehensive Economic Partnership] this year is the region’s ‘collective interest and highest priority’”, trade ministers of the proposed pact are reported to have announced after their meeting in China in early August 2019. India was interestingly not represented by trade minister Piyush...
More »The Modi government is facing a serious cash crunch -- thanks to GST -Shoaib Daniyal
-Scroll.in More than a tenth of GDP is provided by government expenditure. This is (more) bad news for the Indian economy. In 1773, the British Parliament passed the Regulating Act, appointing a governor general to oversee all of British India. This law marked the beginnings of the Central government of the British Raj, the single most significant institution to shape the Indian subcontinent for the next two centuries. It continues till today...
More »Private sector salaries logged slowest growth in a decade -Vineet Sachdev
-Hindustan Times It is also the first time in seven years that the share of salaries in sales revenue has come down. Hit by decelerating sales growth, Indian companies are tightening spending on their wage bills. Private sector salaries recorded their worst growth in 10 years in fiscal year 2018-19. It was also the first time in seven years that the share of salaries in sales revenue came down. These results are...
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