-PTI Finance Minister Arun Jaitley today ruled out privatisation of public sector banks as a response to the Rs 11,400-crore fraud hitting Punjab National Bank, saying the move may not be politically acceptable. Speaking at an event, he said a lot of people have stARTed talking of privatisation in the aftermath of the PNB fraud. “This (privatisation) involves a large political consensus. Also, that involves an amendment to the law (Banking Regulation...
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Grid stability is key -Aditya Vora & Armin Rosencranz
-The Hindu The ambitious plan to help farmers earn from solar power generation hinges on small details Electricity is a major concern in rural India, especially for farmers. The Government of India has come up with an original plan to address this problem. Instead of transmitting electricity to the farmers, the government, to stART with, wants farmers to use solar energy to power their irrigation pumps. According to the January 2018 report...
More »SC asks Centre to curb illegal operations of multinational auditors -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian chARTed accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in. "The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter...
More »UDAY scheme: Tamil Nadu ranked lowest on performance power distribution companies -Sanjay Vijayakumar
-The Hindu UDAY scheme: Tamil Nadu ranked lowest on performance power distribution companies Chennai: UDAY review finds little progress made in smART metering. Tamil Nadu has been ranked lowest in terms of State distribution companies’ quARTerly performance as of December 2017, post joining the Centre’s Ujwal DISCOM Assurance Yojana (UDAY). The State had joined the scheme over a year ago. The scheme, covering 31 States and Union Territories, emphasises both financial turnaround and...
More »Draft Bill on regulating pesticides could punish farmers who use spurious products, experts fear -Mridula Chari
-Scroll.in The proposed law is almost identical to the United Progressive Alliance’s 2008 Pesticide Management Bill. Months after more than 40 people in three states were reported to have died in the second half of 2017 after being exposed to spurious pesticides, the Bharatiya Janata PARTy government has begun consultations on a new Pesticides Management Bill. The deaths in rural Maharashtra, Tamil Nadu and Telangana highlighted the fact that the Insecticides Act...
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