-The Hindu Why did the Union Finance Minister urge industry giants to invest in manufacturing? Is private sector financing at an all-time low? Has government intervention to boost and spend aggressively on infrastructure come at an opportune time? The story so far: Last month, Finance Minister Nirmala SITharaman asked captains of industry what was holding them back from investing in manufacturing. She likened industry to Lord Hanuman from the Ramayana by stating...
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Contractor scam in rural job scheme deprives needy -Basant Kumar Mohanty
-The Telegraph About 20 workers would come to the work SITe every day, get photographed for attendance carrying basketfuls of soil or digging the earth, and then leave without doing any real work New Delhi: This summer, Gaudsahi village under Kapileswarpur gram panchayat in Odisha’s Puri district began renovating the village pond under the Mahatma Gandhi National Rural Employment Guarantee Act. About 20 workers would come to the work SITe every day, get...
More »Potential model -Sevanti Ninan
-The Telegraph Media-academia partnerships are a necesSITy Last week, The Conversation US reminded readers that it has turned eight years old. As notfor-profit media funding grows in India, this SITe is well worth profiling as a venture to emulate. It is the American edition of a non-profit first launched in Australia as a partnership between univerSITies and journalists funded by univerSITies and foundations. This is a platform that is constantly generating in-depth...
More »MGNREGA: Nearly 1.5 crore Job Seekers Refused Work Till Now -Subodh Varma
-Newsclick.in Funds squeeze causes 14-17% refusals every year. The rural jobs guarantee scheme has emerged as a lifesaver for millions of Indians as they struggle with relentless unemployment. But official data shows that a very large number of job seekers are being turned away and not given work. In the first six months of the current financial year (April to October 2022) nearly 1.5 crore applicants for work were refused work. This SITuation...
More »When does RBI step in to monitor a bank? -Prashanth Perumal J
-The Hindu Why has the Reserve Bank of India increased its oversight on Dhanlaxmi Bank? What are the reasons for the Thrissur-based private bank’s assets to be under stress? According to Basel-III norms, what is the capital to risk ratio a bank is required to maintain? What lies ahead? The story so far: The Reserve Bank of India (RBI) has placed Dhanlaxmi Bank under tight monitoring with the Thrissur-based private bank’s financial...
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