-National Herald Talking about farmers’ issues, P Sainath said, “It is not just an agrarian crisis, it is now a national crisis. The Modi govt has been engaged in fooling the nation. They are telling lies shamelessly” The founder editor of People’s Archive of Rural India (PARI), the former Rural Affairs editor of The Hindu and author of the much acclaimed book ‘Everybody loves a Good Drought’, P Sainath, has recorded rural...
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MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
More »As Consumers Reel from High Fuel Prices, OMCs Make a Killing Off Inventory Gains -Noor Mohammad
-TheWire.in Indian Oil, BPCL and HPCL together made inventory gains of over Rs 12,000 crore in the April-June 2018 quarter alone as the price of crude rallied. New Delhi: Indian consumers of petrol and diesel may be reeling under high prices but oil marketing companies (OMCs) and the government are having a great time. The three state-owned companies – Indian Oil, BPCL and HPCL – together made inventory gains of over Rs 12,000...
More »Does India's New Series GDP Data Overestimate Manufacturing Output?
-TheWire.in The new series GDP data has been mostly replaced with corporate financial data for estimating manufacturing value-added, resulting in manufacturing assuming a higher share in India’s GDP and growing at a faster rate compared to the older series. New Delhi: Does the new method by which India calculates GDP (gross domestic product) data overestimate manufacturing output? This apprehension has been flagged by a key member of the Reserve Bank of India’s...
More »In Delhi, cancellation of 2.5 lakh ration cards sparks tussle between AAP government, bureaucracy -Vijayta Lalwani
-Scroll.in Questions arise again over Delhi’s welfare delivery system – close on the heels of the starvation deaths of three girls in July. In May, Ram Baran, a resident of Savitri Nagar in Delhi, received a letter from the ration circle office stating that his ration card would be cancelled because he had not collected foodgrains between January and March. The letter added that unless he submitted his Aadhaar number, electricity...
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