-TheWire.in According to RTI and government data, even in the best-case scenario, the Centre has spent only 50% of the amount that was allocated under PM Kisan from December 2018 to March 2020. New Delhi: Less than three in 10 farmers received the Rs 6,000 that was due to them in the first full year of the implementation of the Centre’s flagship PM Kisan scheme, according to government data obtained by The...
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Budget 2020: With eyes wide shut, Modi govt gropes for solutions -Subodh Varma
-Newsclick.in Tax collections have plummeted and Modi Govt is scrambling to cut spending by Ministries, further deepening the crisis. For the first time in two decades, corporate and income tax collections are expected to fall in 2019-20. This is an indication of the gigantic mess created by the Narendra Modi government with its dogmatic commitment to reduce taxes on corporates and squeeze its own expenditure to supposedly boost the flagging economy. As...
More »'Digital divide' persists despite the country's desire to become a digital giant
A recent report of the Ministry of Statistics and Programme Implementation (MoSPI) brings forth the dichotomy between digital divide and India’s transition towards a cashless economy. The rural-urban divide in access to computer and internet is quite stark, according to the report entitled 'Key Indicators of Household Social Consumption on Education in India, July 2017 to June 2018'. The 75th round National Sample Survey (NSS) report on education finds that...
More »Most frightening rise of nationalism in India, says billionaire George Soros at Davos
-The Indian Express Addressing the World Economic Forum in Davos, George Soros, an advocate for international cooperation, said the "biggest and most frightening setback" was in India. Billionaire US philanthropist George Soros Thursday cited India as an example to illustrate the rise of nationalism, which he called the “great enemy” of open society. Addressing the World Economic Forum in Davos, Soros, an advocate for international cooperation, said the “biggest and most...
More »Modi govt's disinvestment targets make LIC's health, wealth deteriorate -Prudhviraj Rupawat
-Newsclick.in LIC’s bad loans bulged by 145% in the last five years to Rs 30,000 crore in September 2019. Life Insurance Corporation of India (LIC) has been struggling with rising non-performing assets (NPAs) and downgraded investment portfolio of Rs 67,387 crore, reveals the insurer’s latest public disclosure figures. The biggest public insurer has been witnessing a deteriorating health since 2014, significantly due to massive investments in cash-strapped public and private entities pushed...
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