-Newsclick.in Directly or indirectly, the government seems uninterested in creating jobs. At a time of widespread and intense concern about the worst unemployment situation in 45 years and all the distress and discontent that accompanies it, one would have expected the Union government to put job-creation at the top of its priority-list. One of the most obvious and direct ways to do this would be to expand its own schemes and programmes...
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Government, RBI didn’t bother to read the balance sheet of Yes Bank, says Chidambaram -Sobhana K Nair
-The Hindu It is only part of mismanagement of financial institutions under BJP government watch, says ex-Finance Minister The government and the RBI didn’t bother to read the balance sheet of the Yes Bank, former Finance Minister P. Chidambaram said pointing out to the unusual growth in the loan book at the rate of 35% a year between March 2014 to March 2019. The loan book registered registered a spike especially in 2016-17...
More »Why capping withdrawals from Yes Bank is a terrible idea - P Vaidyanathan Iyer
-The Indian Express Capping withdrawals for Yes Bank depositors is foolish for two specific reasons, particularly when the economy is floundering with growth rates of around 5%. On March 5, the RBI imposed a cap of Rs 50,000 on withdrawals by Yes Bank depositors. A day later, Finance Minister Nirmala Sitharaman assured depositors that their money was safe. In the days and weeks running up to the RBI decision to supersede the Yes...
More »Rajasthan tops in creating man days of rural employment under MGNREGA: Sachin Pilot
-PTI Pilot also made several other announcements including those for opening 50 retail outlets for the sale of bio-diesel and building several roads in the state. JAIPUR: Rajasthan has generated the largest number of man days, totalling 30.03 crore, of paid employment under the MGNREGA scheme among all states in the country, said Deputy Chief Minister Sachin Pilot. Pilot made this revelation in the state assembly late Thursday night while replying to a...
More »Food adulteration offence under IPC, says govt.
-PTI/ The Hindu ‘The police can take action including registration of FIRs’ The Delhi High Court has been told by the AAP government that under the penal law, food adulteration is a cognisable offence against which the police can take action, including registration of FIRs. The submission was made before a Bench of Justices G.S. Sistani and A.J. Bhambhani which had earlier said that the use of pesticides and chemicals to ripen fruits...
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