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Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot

-The indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. india’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...

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The attack on agroecology -Sujatha Byravan

-The Hindu Powerful lobbies with vested interests see agroecology as a threat to their influence on farming systems Agroecology is recognised worldwide as a system that enhances fertile landscapes, increases yields, restores soil health and biodiversity, promotes climate resilience and improves farmers’ well-being. Its practices are supported by many agricultural scientists, the Food and Agriculture Organization, the Intergovernmental Panel on Climate Change, farmers’ groups and several NGOs. It is therefore surprising that...

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SC wants rules for social media, gives govt 3 weeks to file affidavit -Amit Anand Choudhary

-The Times of india NEW DELHI: The Supreme Court on Tuesday waded into uncharted territory, asking the Centre to frame guidelines to regulate social media and put in place a mechanism to track origin of fake news, rumours and objectionable material like pornography on social media platforms, including Facebook, WhatsApp, Twitter and YouTube. Pointing to social media being rampantly misused for fake news and rumours leading to mob violence and law &...

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RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account

-PTI MUMBAI: The Reserve Bank of india has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans...

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Give us your SC/ ST numbers: Govt to firms under EPFO -Aanchal Magazine & Sunny Verma

-The indian Express Through this month, regional provident fund offices have been sending out queries in a specified format to companies seeking “employment data of the proportion of SC & ST employees in total employment”. THE MINISTRY of Labour and Employment has kicked off a survey that requires establishments contributing to the Employees’ Provident Fund Organisation (EPFO), including from the private sector, to furnish information on the number of SC and...

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