-TheWire.in When a government and ruling party that themselves peddle disinformation now say they want to fight fake news, it is time for the media to batten down the hatches and prepare for the worst. In the name of fighting fake news, the Narendra Modi government is laying a minefield for journalists and media houses that threatens what remains of the free press in India. On Monday, the information and broadcasting ministry spelt...
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Forget job growth, employment in India actually fell between 2014 and 2016 -Manas Chakravarty
-Livemint.com Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15 Mumbai: Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted. That is the finding from the latest KLEMS India database, a research project supported by the Reserve Bank of...
More »Corporates make 73% of public sector bank bad loans -Sunny Verma
-The Indian Express The Finance Ministry directed smaller PSBs to cut their corporate loan exposure to 25 per cent of their risk-weighted assets over the medium term and focus more on retail lending. Corporate loans corner the lion’s share of rising bad loans in public sector banks while retail loans have a far superior track record when it comes to timely repayment, according to the latest available Reserve Bank of India...
More »Wilful defaults increased by 152 per cent during Modi regime -Vandana
-TheWeek.in Wilful defaults, loans which are deliberately not repaid by companies despite having the capacity to do so, have surged 152 per cent in the last four years of Modi government. A new report prepared by Pinkerton – a risk management consultancy along with PHD Chamber of Commerce and Industry – says that both gross NPAs and wilful defaults have been going up post 2008 financial crisis. The value of wilful defaults...
More »Centre seeks to change forest policy to promote industrial plantations in natural forests -Kumar Sambhav Shrivastava
-Scroll.in The existing policy bans commercial activity in natural forests to protect forest dwellers. The new draft policy is up for public comments till April 14. The Union government has drafted a new National Forest Policy. If approved, the policy will allow the corporate sector to grow, harvest and sell trees on government-owned forest lands. So far, this is explicitly banned under the existing National Forest Policy, which was laid down...
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