-PTI The TMC supremo said that if Aadhaar is not a proof of citizenship as per the home minister, then why was it linked to welfare schemes and the Banking system. KOLKATA: Assailing Union Home Minister Amit Shah for his comment that Aadhaar was not a proof of citizenship, West Bengal Chief Minister Mamata Banerjee on Wednesday asked him why was it then linked to bank accounts, voter IDs and mobile phones...
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FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra
-The Indian Express It is unclear why the government initially assured the RBI that RBI "alone" will issue electoral bonds as it could not do so under Section 31(3) of RBI Act. On Tuesday, replying to a question in Rajya Sabha raised by DMK’s Tiruchi Siva about what the Reserve Bank’s “indirect” approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: “RBI, being a stakeholder, was involved in...
More »Dr. Surjit S Bhalla, economist and Executive Director for India on the board of International Monetary Fund (IMF), interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line “Join the Regional Comprehensive Economic Partnership (RCEP), but do not ignore your internal market and demand. Ninety per cent of our bad export story is domestic challenges, 10 per cent is external environment or external policy,” says Economist Surjit S Bhalla. Seventy-one-year old Bhalla has a tough task ahead — to make New Delhi’s voice louder at the international forums as he is set to take charge...
More »Lending to small units fell in Q1, says MSME report
-The Hindu Business Line Credit risk is building in auto MSMEs, says Pulse report Mumbai: There was a marked slowdown in commercial credit growth in the quarter ending June 2019 along with a marginal deterioration in asset quality, according to the seventh edition of TransUnion CIBIL-SIDBI MSME Pulse Report. The total on-balance sheet commercial lending exposure in India declined to Rs.63.8 lakh crores in June 2019 from Rs.65.5 lakh crores in March 2019....
More »Why Punjab is Banking on Guru Nanak's message to fight stubble burning, conserve water -Anju Agnihotri Chaba
-The Indian Express The Punjab government felt that people would heed to the reinforcement of the Guru’s message and stop abusing natural resources. The Punjab government recently passed a resolution based on one of the basic tenets of Guru Nanak’s philosophy to desist farmers from burning stubble post paddy harvest and stop overexploiting groundwater. The Indian Express explains why something that the Guru said over five centuries ago is relevant in...
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