-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
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RTI query: Are chief ministers drawing MP pension? Lok Sabha office says information is personal -Vishal Narayan
-The Telegraph An MP loses his entitlement to pension and perks if he is appointed the President, Vice-President or is re-elected to either House or gets employed in the government New Delhi: An RTI query seeking details on allowances and pensions to former MPs who are chief ministers has resulted in a strange reply. The information, the Lok Sabha secretariat has informed, was "personal", so details would not be shared. According to the...
More »States need to have better control on long-term credit flow: NITI Aayog official
-PTI New Delhi: State governments need to capitalise their credit institutions to get access to long-term Finance and have better control over their credit flow, a NITI Aayog official said. The states have no control over the long-term Finance right now, but nobody is stopping them from recapitalising Finance corporations which will allow them to on-lend at attractive rates to entrepreneurs, NITI Aayog Special Secretary Yaduvendra Mathur said. “States can’t just wait that...
More »Assam to move Supreme Court for NRC reverification in select districts -Nistula Hebbar
-The Hindu “Technical flaws” may have caused exclusion of Bengali Hindu refugees, says State Finance Minister Himanta Biswa Sarma. New Delhi: The Assam government and the ruling BJP in the State have termed the finalisation of the National Register of Citizens (NRC) list there as a “mixed bag” with concerns being raised over several “technical flaws” in the process that may have caused exclusion of Bengali Hindu refugees who had crossed over...
More »RSS' labour wing opposes bank merger, says govt hasn't learnt from earlier mistakes -Ramesh Babu
-Hindustan Times The Bharatiya Mazdoor Sangh (BMS) said it will support the agitation being planned by United Front of Banking Unions against the government’s decision to merge ten banks. Thiruvananthapuram: The Bharatiya Mazdoor Sangh (BMS), labour wing of the RSS on Saturday criticised the bank merger plan announced by Union Finance Minister Nirmala Sitharaman saying it was done without any study and it will only protect interests of corporate houses. “No serious...
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