The phenomenal growth in foodgrain production witnessed in the 2016-17 crop year will not repeat this year. Early prediction by the Ministry of Agriculture and Farmers Welfare shows that the kharif foodgrain production in 2017-18 may likely to fall by 2.8 percent as compared that in the previous year. The kharif foodgrain production is expected to decline from 138.5 million tonnes in 2016-17 to 134.7 million tonnes in 2017-18. Readers...
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Cash still king as digital payments inch up slowly -Rachel Chitra
-The Times of India CHENNAI: If demonetisation was a push for a cashless economy, it has been working very slowly. Reserve Bank of India data shows the usage of wallets, non-UPI banking apps and Aadhaar-enabled payments has been slow to catch on, while that of debit cards has fallen. The UPI payments have been growing, and a significant chunk of them are mobile-based. Overall, electronic payments stood at Rs 200 trillion in...
More »One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew
-The Indian Express In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or...
More »Prod to raise TB funds
-The Telegraph New Delhi: India will need to quintuple its investments on tuberculosis control over the next five years for a "substantial impact", says a World Health Organisation report released on Monday. The report says that India will need to invest at least $3.4 billion (Rs 22,000 crore), or nearly five times the Rs 4,500 crore spent over the past five years. The estimated requirement translates into an annual spending of about...
More »LED bulb safety alert -GS Mudur
-The Telegraph New Delhi: More than half the light emitting diode (LED) bulb brands sold in India breach the safety standards prescribed by the government's Bureau of Indian Standards, a lighting industry association said on Monday, citing a survey by a market research firm. The Nielsen survey has found that 36 to 73 per cent of LED bulb brands sold across 200 retail outlets in four cities failed to comply with the...
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