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Ranchi to produce organic fertilizer from vegetable, kitchen wastes -Sanjoy Dey

-Hindustan Times Ranchi: Kitchen waste and heap of vegetables dumped at wholesale markets will no longer be the food for stray animals in the city. The wastes will now be processed and converted into organic fertilizer under Swachh Bharat Mission. Taking a cue from Hyderabad, Ranchi civic body has installed low-cost fertilizer manufacturing units at Khadgara vegetable market on Tuesday to convert the wastes into organic fertilizer. The initiative was started as trial...

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What is Islamic Banking and why does the RBI want it in India? -Seema Rao

-Scroll.in The Islamic financial system works on the principle of not charging interest. What is Islamic banking? Islamic banking is a banking system in accordance with the Shariat. In Islam, money has no intrinsic value – money, therefore, cannot be sold at a profit and is permitted to be used as per shariat only. The Islamic Law or Shariat prohibits paying any fee for renting of money (called riba) for specific periods of...

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M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

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Rural distress -TK Rajalakshmi

-Frontline.in To rural India, which is already reeling under multiple crises, demonetisation has come as yet another blow. WHEN the Prime Minister made the decision to withdraw Rs.500 and Rs.1,000 notes, he did not quite factor in the impact it would have on agriculture. Despite the rhetoric the concept of digital wallets has not yet entered rural India unlike in much of the country’s urban areas, and much of rural and...

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It Is Time to Address India's Abysmal Job Creation Record -Pradeep S Mehta & Amol Kulkarni

-TheWire.in More than 550 jobs were lost each day in the last four years in India, placing it behind Bangladesh and Vietnam in terms of job creation. The sheer pressure of poverty means that job creation will always be high on the agenda of any government. In India, significant public resources have been invested to encash the demographic dividend and prevent it from becoming a burden. But the results have been far...

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