-The Hindu Business Line Bankers call for a coordinated approach to deal with the stressed loans issue New Delhi: The RBI’s revised framework for stressed loans may prove to be disastrous and seems ill timed for an economy that is just recovering from twin policy blows of demonetisation and GST implementation. Though there are long-term benefits of administering such a bitter pill, the short-term risks are significant, say bankers. “This (revised NPA framework) is...
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Pradhan Mantri Kaushal Vikas Yojana 2.0: Renewed push falls short -Anil Sasi
-The Indian Express Various changes have been introduced in the execution of the government's skilling programme to generate more jobs, but to no avail. An average of just over one out of six people trained under the scheme have found a job. The government’s flagship skilling scheme — Pradhan Mantri Kaushal Vikas Yojana (PMKVY) — continues to grapple with the issue of achieving end-results, despite fresh attempts to redirect its focus to...
More »Govt needs to balance farmer, consumer interests: Assocham
-PTI The government has to walk a tightrope to balance farmers' and consumers' interest in view of the Budget announcement on MSP that could further push up inflation, industry body Assocham said today. In the Union Budget 2018-19, the government promised to fix the minimum support price (MSP) at 50 per cent higher than the cost of production. "The Budget with a huge focus on agriculture has raised expectation level in rural landscape....
More »Cardiac stent price cap lowered further to Rs 28,000 -Rema Nagarajan
-The Times of India The National Pharmaceutical Pricing Authority on Monday revised the price of drug eluting stents (DES) downwards by about Rs 2,300 to just under Rs 28,000, while marginally raising the cap on bare metal stents from Rs 7,400 to Rs 7,660. These caps are excluding GST. With DES accounting for about 95% of all stents used in India, this means most stents will become cheaper. The authority, which had...
More »'Formalising' the Economy: What's in It for Workers? -Karuna Dietrich Wielenga and Shashank Kela
-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal sector at the expense...
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