-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
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States need to have better control on long-term credit flow: NITI Aayog official
-PTI New Delhi: State governments need to capitalise their credit institutions to get access to long-term finance and have better control over their credit flow, a NITI Aayog official said. The states have no control over the long-term finance right now, but nobody is stopping them from recapitalising finance corporations which will allow them to on-lend at attractive rates to entrepreneurs, NITI Aayog Special Secretary Yaduvendra Mathur said. “States can’t just wait that...
More »Centre Rejects Kerala's Demand for Free Rice for Flood Victims
-TheWire.in Instead, the Centre is willing to supply rice at the minimum support price of Rs 26 per kg. New Delhi: The Central government has rejected the Kerala government’s request for a supply of free rice for the victims of floods and heavy rainfall, according to a report in Mathrubhumi. The report also stated that the Centre refused to consider the request to provide rice at Rs 3 per kg under the National...
More »Assam to move Supreme Court for NRC reverification in select districts -Nistula Hebbar
-The Hindu “Technical flaws” may have caused exclusion of Bengali Hindu refugees, says State Finance Minister Himanta Biswa Sarma. New Delhi: The Assam government and the ruling BJP in the State have termed the finalisation of the National Register of Citizens (NRC) list there as a “mixed bag” with concerns being raised over several “technical flaws” in the process that may have caused exclusion of Bengali Hindu refugees who had crossed over...
More »Manmohan Singh hits out at Modi govt, calls slowdown 'man-made crisis'
-IANS * Manmohan Singh said India has the potential to grow at a much faster rate, but the all-round mismanagement by the Modi govt has resulted in this slowdown * The former PM said over 3.5 lakh jobs had been lost in the automobile sector alone, he claimed similar large-scale job losses in the informal sector New Delhi: Days after the finance ministry reported contraction in the GDP growth, former prime minister Manmohan...
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