-Scroll.in But study of the pilot scheme also finds that 67% of respondents now prefer cash transfers. In three Union territories where the government is running an experimental project to distribute cash instead of subsidised foodgrains, a third of beneficiaries surveyed said they either had not received any money at all (with or without proof) or did not know if they had received it. This despite government claims that 99% of...
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Indian economy in a tailspin: What went wrong -Asit Ranjan Mishra and Gireesh Chandra Prasad
-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...
More »Pradhan Mantri Kaushal Vikas Yojana flounders: 30 lakh trained in skills, less than 3 lakh get job offers -Aanchal Magazine & Anil Sasi
-The Indian Express With the scheme floundering, the Centre is now planning to shift focus to district-level schemes to yield better results in the short-term for its skilling initiative. The government’s flagship skilling scheme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), is struggling to achieve end-results. Data for the PMKVY scheme until the first week of July 2017 reveals that out of a total 30.67 lakh candidates who had been trained or...
More »Indian monsoon could spill over into Oct, say global forecasts -Vinson Kurian
-The Hindu Business line THIRUVANANTHAPURAM: A US Climate Prediction Centre forecast suggests that the moderate to heavy monsoon conditions would prevail over most parts of the country until the month-end. The latest spell, now almost a week old, is being mainly attributed to the influence of erstwhile typhoon Doksuri that rammed into the Vietnamese coast the other day. TYPHOON REMNANT Westward tracking storms or typhoons in the North-West Pacific/South China Sea have always had...
More »RBI says 98.96% of Rs 500, Rs 1000 notes returned after demonetisation -Gopika Gopakumar
-Livemint.com RBI annual report estimates value of Rs 500 and Rs 1000 notes returned was Rs 15.28 trillion against Rs 15.44 trillion in circulation before demonetisation Mumbai: According to Reserve Bank of India’s (RBI) annual report released Wednesday, 98.96% of Rs 500 and Rs 1000 notes (by value) that were invalidated due to the demonetisation exercise had been returned by the end of June. The numbers put to rest one of the big...
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