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Note ban has and may continue to result in a slowdown, warns SBI

-PTI Also says that note ban's impact could adversely affect its business The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones. The long-term...

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Maharashtra farmer laon: 1.36 crore farmers have a total loan of Rs 1.14 lakh crore -Shubhangi Khapre

-The Indian Express Finance Minister Sudhir Mungantiwar says Maharashtra is a huge state and there are ways to raise the funds Mumbai: The Maharashtra government will have to provide Rs 1.14 lakh crore to write off the entire loan burden of all 1.36 crore farmers in Maharashtra, stoking concerns given the state’s debt burden of Rs 4 lakh crore. Highly placed sources said the state budget for 2017-18 was Rs 2.57 lakh...

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Aadhaar must for I-T returns, PAN applications from July 1

-The Times of India NEW DELHI: The government said on Saturday that filing income tax returns and applications for permanent account number or PAN cards will, from July 1, mandatorily require Aadhaar cards, or at least the applicant's enrolment number for the unique identity (UID). The order came a day after the Supreme Court upheld the law, Section 139AA of the Income Tax Act, that mandates the possession of Aadhaar cards...

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Why a problem of plenty is hurting India's farmers -Soutik Biswas

-BBC Farmers are on the boil again in India. In western Maharashtra state, they have been on strike for a week in some seven districts now, spilling milk on the streets, shutting down markets, protesting on the roads and attacking vegetable trucks. In neighbouring Madhya Pradesh, curfew has been imposed after five farmers were killed in clashes with police on Tuesday. Last month, farmers in southern Telangana and Andhra Pradesh staged protests...

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What explains the Maharashtra farmers' strike in a bumper crop year? -Sayantan Bera

-Livemint.com Maharashtra farmers continue with their protests despite assurance from chief minister Devendra Fadnavis of a debt waiver by October New Delhi: The fifth day of the strike by protesting farmers in Maharashtra on Monday witnessed unprecedented visuals of milk tankers being ferried to state capital Mumbai under heavy police cover. Not long ago, before the monsoons arrived last year, rail wagons transporting water to severely drought-hit districts in the state were...

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