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Declare drought-hit districts immediately, say farmer associations

-The Hindu Business Line About 85 per cent of the India has experienced “deficiency” or “large deficiency” in rainfall this monsoon season An umbrella body of farmer groups on Saturday urged the government to declare districts which are under severe water stress as ‘drought-hit’ immediately and not wait till the end of the monsoon season as is the usual practice. “There must not be any delay in the declaration of drought. Instead of...

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House panel shies away from quantifying black money

-The Hindu Three agencies have come up with varying figures, ranging from 7-120% of GDP, it said The Standing Committee on Finance has shied away from estimating the quantum of black money in and outside India, saying that different methods by various agencies are yielding vastly differing figures. The Standing Committee relied on three institutes — the National Institute of Public Finance and Policy, the National Institute of Financial Management and the...

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NPAs Under Modi's Mudra Scheme Doubled in Just a Year, Reveals RTI -Dheeraj Mishra

-TheWire.in Public sector NPAs of loans issued under the scheme have increased by Rs 9,204.14 crore in just one year – from Rs 7,277.31 crore in March 2018 to Rs 16,481.45 crore in March 2019. New Delhi: The non-performing assets (NPAs) under Prime Minister Narendra Modi’s ambitious Pradhan Mantri Mudra Yojana (PMMY) doubled within one year. This information was obtained through an RTI petition filed by The Wire. In a written reply to...

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Will digitization cause the next financial crisis? -Nikita Kwatra

-Livemint.com Digitization and militarization may aggravate the underlying structural conditions behind the Great Depression of 2008 and trigger a similarly dire crisis, says study There are warning signs that the global financial system is heading for another disaster. In a new paper, William I. Robinson of the University of California adds to these warning bells by highlighting how the rapid rise of digitalisation and new technologies could potentially hurt the global economy. In a...

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India must recognise the right to a minimally decent life -Rajeev Bhargava

-The Hindu Just as individuals are punished for legal violations, the government of the day must also be punished for the violation of these basic rights. Three thoughts occur to me in the aftermath of the horrific tragedy in Muzaffarpur, Bihar, where the systemic failure of health care has killed over a hundred children. First, like the constitutional principle of a basic structure, it is time to articulate an equally robust...

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