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FRDI Bill: Centre drags its feet in responding to House panel -AM Jigeesh

-The Hindu Business Line Joint committee likely to seek term extension New Delhi: If the pace at which the Joint Committee on the FRDI Bill has held proceedings is any indication, the Centre seems to have developed cold feet on getting the legislation passed. In January, the committee has had all but two sittings. The panel has a mandate till April 6, the last day of the Budget Session of Parliament, but sources...

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Now, payments and small finance banks can offer -Atal Pension Yojana

-The Hindu Business Line Will help strengthen existing channels of distribution, says Finance Ministry New Delhi: The Centre’s social security scheme for the aged — the Atal Pension Yojana (APY) — will now also be available at small finance and payments banks, the Finance Ministry said on Friday. “To strengthen the existing channels of APY distribution, it is felt that these new payments banks and small finance banks will provide a boost to...

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Beneficiaries not using subsidy amount to buy foodgrain: Puducherry -Dipak K Dash

-The Times of India NEW DELHI: The Puducherry administration has approached the Union food ministry to seek a return to the system of distributing subsidised foodgrain, instead of crediting the subsidy to the bank accounts of beneficiaries. The Union territory administration has claimed the beneficiaries are not using the subsidy amount to buy foodgrain. "The chief minister recently put up this proposal before Union minister Ram Vilas paswan. The UT administration...

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Facing the slowdown -Kaushik Basu

-The Indian Express India’s economy is not doing well. Only carefully crafted policy reforms can turn it around The Indian government recently lowered its economic growth forecast for 2017-18 to 6.5 per cent, and there is reason to be concerned. That the economy would suffer a slowdown after demonetisation was inevitable, as all professional economists could see. But growth dropping to 5.7 per cent and 6.3 per cent in, respectively, the first...

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Goa's iron ore reserves may exhaust within ten years, opine expert

-PTI Being a strategic mineral resource, indigenous production can save the much-needed foreign exchange, in which laterites can play a significant role, like bauxite, which is mined from south Goa. Panaji (Goa): Iron ore reserves in Goa may exhaust in another 10 years and if there are too many companies involved in mining and the pace of excavation is high, the stocks may not even last for five years, an expert said...

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