-The Hindu Two years after vociferously arguing for an expansion of the provisions of the National Food Security Act, the BJP in government is bleeding it with a thousand cuts, both fiscal and otherwise When Parliament passed the National Food Security Act (NFSA) in 2013, it had already become one of the most debated pieces of legislation in decades. Those for and against it had fought it out across yards of space...
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₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha
-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...
More »Only 0.35% domestic LPG users gave up subsidy
-PTI Three months after Prime Minister Narendra Modi launched the ‘Give It Up’ campaign, only 0.35 per cent of the domestic LPG consumers have so far given up using subsidised cooking gas. At a review meeting chaired by Oil Minister Dharmendra Pradhan last week, it was informed that just over 5.5 lakh out of the 15.3 crore LPG consumers have so far voluntarily surrendered subsidised LPG and started buying the cooking fuel...
More »Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Drought factor forces NDA government to rethink on MGNREGA -Ruhi Tewari
-The Indian Express The average days of employment provided per household, too, fell to 40.01 from 45.97 in 2013-14 and 46.20 in 2012-13. From Prime Minister Narendra Modi’s public barbs against its being a “living proof” of 60 years of Congress misrule, to a proposal now for extending the annual work entitlement to 150 days in drought-affected areas, the BJP-led government’s disposition towards the Mahatma Gandhi National Rural Employment Act (MGNREGA)...
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