-The Telegraph The state government had organised a Diwali-eve celebration on November 3 and lit 9 lakh lamps, with Adityanath inaugurating the programme Lucknow: On Friday, Prime Minister Narendra Modi had praised the way the Uttar Pradesh government had marked Diwali in Ayodhya by lighting hundreds of thousands of diyas, saying “Ayodhya is getting back its glory”. On Saturday, a widely circulating video showed children collecting mustard oil from some of these diyas...
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Five years later, it’s even more clear that demonetisation was a disaster for India -Arun Kumar
-Scroll.in The move brought about a policy-induced crisis for the country and did little to stop the flow of black money. The demonetisation of high-denomination currency notes on November 8, 2016, created a nightmare for citizens that lasted several months. Long queues formed outside the Banks and ATMs to obtain swap denotified currency notes for new ones so that life could continue. This situation persisted even beyond December 30, 2016, the last...
More »How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »48 Hours Of Rain In Uttarakhand, No Electricity Or Phone Signal -Vishnu Som
-NDTV blog After more than 48 hours of incessant rain, the first sign of a let-up - it has now come down to a drizzle with the government indicating that the worst may now be over. But there has been a heavy price to pay. After three days of splendid sunshine in Majkhali, in Uttarakhand's Almora district - which opened up extraordinary views of the Nanda Devi, Trishul and Panchachuli ranges, heavy, overcast...
More »In bank deposits, a tale of strength and sorrow -Aparna Iyer
-Livemint.com The banking system’s y-o-y deposit growth had slowed to 8.62% by August from about 10% at start of FY22 It is a foregone conclusion that the covid-19 pandemic forced Indians to save more by curtailing the opportunities to spend in FY21. This has stretched to the current financial year because of the second wave of the pandemic. However, a look at the ownership pattern of bank deposits reveals some interesting nuggets. Please...
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