-Business Standard Over the past four years, through its twin policies of Jan Dhan Yojana and demonetisation, the govt has taken necessary steps to expand banking services substantially. Mumbai: People’s demand for cash continues to head northwards compared to pre-demonetisation levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016. Currency with the public (CwP), or people’s demand for cash or currency, is 7...
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Rice innovator-farmer unable to pay medical bills -Bhavika Jain
-The Times of India MUMBAI: In a glaring case of apathy, ailing self-trained farm innovator Dadaji Khobragade (80), who revolutionized paddy farming by developing the high yielding variety of rice called HMT, is struggling to meet his medical expenses. His family has been forced to make a public appeal for donations for just Rs 2 lakh to pay for his hospitalisation. Khobragade, who hails from Nanded village in Nagbid tehsil of eastern...
More »In five years, pvt banks see 450 per cent spike in bad loans -George Mathew
-The Indian Express Among private banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad loans. Mumbai: Data over the last five years shows that private banks have been steadily accumulating bad loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these banks — from...
More »Duty may be cut to cool fuel prices
-The Times of India NEW DELHI: Oil minister Dharmendra Pradhan on Sunday raised hopes of the government cutting excise duty to soften the impact of oil prices as petrol and diesel prices hit historic highs on Sunday with state-run fuel retailers racing to catch up with current market rates after freezing pump prices for 19 days ahead of the Karnataka election. "The Centre is sensitive towards the rising fuel prices. Various alternatives...
More »Solar microgrids light up remote Jharkhand villages -Priscilla Jebaraj
-The Hindu New policy hopes to expand their reach and spread Birgaon: When the lights went on in Birgaon for the first time on a chilly winter evening late last December, it allowed the government to announce in April this year that every village in India now had electricity. Every home in Birgaon actually has power, thanks to a solar microgrid set up in the village centre and wired into every home. By...
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