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Lending to priority sector is good business, Mundra tells banks

-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...

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Why is vegetarianism in India linked to purity? -Nandini Rathi

-The Indian Express Purity, pollution, authority, and tradition were found to be the chief concerns of Indian vegetarians, as per a 2013 study, as opposed to universalism, animal and environmental welfare which concern vegetarians elsewhere. Vegetarianism in the west frequently corresponds with progressive, eco-friendly instincts such as sustainability, animal welfare, ethicality and inclusivity. It therefore should have been a matter of pride that nearly 30 per cent of Indian population, as per...

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The alarming levels of India's groundwater

-The Hindu Leading hydrogeology scientist explains how India’s dependence on groundwater could lead to a crisis if left unchecked mumbai: Groundwater is the world’s most extracted raw material, supplying and sustaining a range of human activity. Yet, because it is invisible and it’s supply often taken for granted, it is often inadequately acknowledged in policy and debates about the preservation of groundwater commons and aquifers. At best, it is usually shrouded in...

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Is the RTI law in danger of losing its might? -Poulomi Banerjee

-Hindustan Times The RTI Act of 2005 made the government more accountable. But a new set of proposed rules may weaken the law and make it difficult and risky for people to access information In 2015, activist Lokesh Batra filed a Right To Information (RTI) application with the Department of Personnel and Training (DoPT) seeking details about the appointment of the next Chief Information Commissioner (CIC). But the DoPT refused to...

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Housing for all: There's a lot to be built -Shreya Deb

-The Hindu Business Line The Government must clear policy bottlenecks for the Pradhan Mantri Awas Yojana to meet its ambitious target Amidst the government’s celebrations on completing three years in office, one flagship scheme remains a massive — and challenging — opportunity: Housing for all by 2022. The groundbreaking, affordable housing initiative backing this promise, the Pradhan Mantri Awas Yojana (PMAY), plans to provide homes to 18 million households in urban India...

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