-ENS Economic Bureau 'Such waiver would prove counter-productive for the RBI’s measures to clean up bank balance sheets' Mumbai: With Maharashtra also joining the farm loan waiver bandwagon, various state governments are expected to waive off $40 billion, or Rs 2,57,000 crore, of farmers’ loans in the run-up to the 2019 general elections in the country, a global banking group has said. Farm loan waivers will amount to 2 per cent of...
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India, China's Climate Change Efforts Make US Look 'Laggard': Report
-PTI China's emissions of carbon dioxide appear to have peaked more than 10 years sooner than its government had said they would and India is now expected to obtain 40 per cent of its electricity from non-fossil fuel sources by 2022, eight years ahead of schedule, it noted. New York: India and China are showing the way forward in the battle against climate change by greatly increasing their Investments in renewable...
More »The hazards of farm loan waivers -Tanika Chakraborty and Aarti Gupta
-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the development of credit markets The Bharatiya Janata Party (BJP) won the 2017 state elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...
More »India uses up more groundwater than US and China -Subodh Varma
-The Times of India Right on the edge of the Ganga basin that spans 11 Indian states lies Naujhil block, a few kilometres west of the Yamuna in UP's Mathura district. You would think this is a blessed location with plentiful water all round. With its 17 tributaries, including the Yamuna, Ganga's catchment area has about 525 billion cubic metres (bcm) of surface water and about 171 bcm of groundwater. On average,...
More »How taxmen nabbed black money hoarders who tried to beat the note ban -N Sundaresha Subramanian
-Business Standard Relatives' accounts, meddling with accounting software and shell cos used to hide unaccounted cash Two major civil contractors of Bengaluru, who undertake state government civil contract works from irrigation and other departments, were alleged to have engaged in massive inflation of expenses and Investment of unaccounted income in the purchase of immovable properties. Discreet enquiries by the Income Tax (I-T) department revealed that they were helping in the conversion of unaccounted...
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