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33 per cent rise in derailments

-The Hindu There has been a 33 per cent rise in the number of TRAIn derailments this fiscal compared to the previous year. “We have been able to reduce unmanned level crossing accidents to an extent. However, accidents due to derailment have gone up to 68 this year from 51 in the previous year,” Railway Board Member Traffic Mohd. Jamshed told a press conference here on Wednesday. He, however, said the total number...

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Has demonetisation hit micro-finance? -MS Sriram

-The Hindu Business Line Kirana and tea shops are doing better than businesses that involve discretionary spending The Micro-finance industry (MFI) is cursed and blessed at the same time. When there were indications that the micro-finance sector is overheating, with high growth rates, multiple lending and oppressive loan recovery practices, the withdrawal of specified bank notes (SBN) hit them. There were reports of stress from Uttar Pradesh and it appeared that there...

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For jute industry in Bengal, it's a clicks-and-mortar weave now -Shiv Sahay Singh

-The Hindu Mill workers being TRAIned to carry out cashless transactions Hooghly: Vijay Bahadur Chauhan, a 57-year-old jute mill worker, is listening attentively to what a bank official is saying. The official of a public sector bank is highlighting how a non-Android phone user, without Internet connectivity, can still carry out cashless transactions. Only a handful of workers at Hastings Jute Mill, one of India’s first jute-making factory, which began operations in 1875,...

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Pushed to the brink -Kanchi Kohli

-Deccan Herald Seriously?” one of the participants in a TRAIning session exclaimed. “You me­an to say the site inspection report was prepared after an aerial visit, and there was no on ground verification?” All I did was a combination of a half nod, half smile. I have told this story several times before and each time the recipient of the news gives me a variant of the same reaction. It is...

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No rush to deposit, says FM; Why haven't you done so, says RBI

-The Times of India NEW DELHI: The government and RBI on Monday unveiled fresh restrictions on deposit of old 500 and 1,000 rupee notes, saying anyone depositing above Rs 5,000 will be questioned "on record, in the presence of at least two officials of the bank, as to why this could not be deposited earlier" and only after a "satisfactory explanation" will the money be deposited. This flies in the face...

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