-Hindustan Times An affidavit enclosed with the application submitted by YS Malik, principal secretary, mines and geology, in March 2010 said in the Aravallis, opencast mining is followed, and stocks once mined are removed from the site and can never be replenished Haryana has sought the resumption of stone mining in the Aravallis over a decade after the Supreme Court in 2009 suspended extraction of all major and minor minerals in the...
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Parliament proceedings -- Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur
-The Hindu “As per RBI data, scheduled commercial banks (SCBs) have written off loans of ₹2,36,265 crore, ₹2,34,170 crore and ₹1,15,038 crore during FY2018-19, FY2019-20 and the first three-quarters of FY2020-21 respectively,” the Minister said. Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quarters of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank...
More »The real victims of nativist labour laws? Low-income migrant workers -Chinmay Tumbe
-The Indian Express Migration for work represents a match between employers looking for certain skills at low rates and workers who want to earn more than they can back home Political rhetoric and the occasional violence against inter-state migrant workers is nothing new in India. Starting from the Mulki rules in Nizam-ruled Hyderabad in the late 19th century that favoured local employment to the anti-South Indian movements in Bombay in the 1960s...
More »Recovery? Different numbers tell different stories -Jahangir Aziz
-The Indian Express With a more accurate way of measuring GDP growth, the pace of recovery is much slower in real terms Imagine driving a car whose speedometer cannot tell the current speed but only relative to what it was four hours ago. Apart from the comical encounters with police when stopped for speeding and the predicament in defining a “speed limit”, there is a more fundamental problem it would create. The...
More »‘Pandemic ate up ₹13-lakh crore household income’
-PTI/ The Hindu Consumption drag likely,says UBS unit Households have lost a whopping ₹13 lakh crore of their incomes from the pandemic-induced job losses, according to a report that also warns of the economy losing momentum by mid-2021 on a likely slowdown in consumption demand that has propped the economy in recent months. ‘Could slow by mid-2021’ Describing the growth momentum seen in the second and third quarters of FY21 as a positive surprise,...
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