-The Hindu Greater data availability, especially on labour markets, needed to better gauge social impact of such policies The World Bank has said the social impact of demonetisation may have been greater as the informal economy was likely to have been hit especially hard. However, the Bank said the impact of demonetisation on the informal economy was difficult to measure and greater data availability, especially on labour markets, is needed to...
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PSUs told to pay for govt's 3rd anniversary events -Dipak K Dash
-The Times of India NEW DELHI: The Centre has asked PSUs and government entities to pick up the tab for functions to mark three years of the Modi government across 543 districts where events called "Sabka Saath, Sabka Vikas Sammelan" are being held from May 27 to June 18. According to an official communication to 45 such entities, the objectives of these programmes have been set out as informing the public about...
More »Cattle trade rules: Buffaloes may go off 'no slaughter' list after protests
-IANS The environment ministry, on May 26, modified the rules to prevent cruelty to animals, making it mandatory to ensure that cattle are not bought or sold for slaughtering. The Centre is understood to be having a rethink on its order restricting the sale of animals, including cows and buffaloes, for slaughter following the stiff opposition from some states, including Kerala. The government is likely to exempt buffaloes from the ‘no slaughter’ list,...
More »Ramdev's Patanjali products fail quality test, RTI inquiry finds -MS Nawaz and Anupam Trivedi
-Hindustan Times An RTI query revealed that Patanjali’s Divya Amla Juice and Shivlingi Beej failed to meet the quality standards. The lab report said 31.68% of foreign matter was found in Shivlingi Beej and amla juice had less than the prescribed limit of pH value. Nearly 40% of Ayurveda products, including items from Baba Ramdev’s Patanjali, were found to be of substandard quality by Haridwar’s Ayurveda and Unani Office, a Right to...
More »Auditor Extraordinaire: The Curious Case of NPA Underreporting in India -Hemindra Hazari
-TheWire.in At Axis Bank and Yes Bank, it appears that a single auditor of a member firm of Ernst and Young has overlooked gross NPAs of a staggering Rs 13,655 crore. Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI) findings regarding bad loans on the...
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