-DNA Most of Europe avoided the fate of India, because of a very strict feudal law — that of following primogeniture, a system of inheritance by the firstborn (usually the first born son). Karnataka — preceded by UP, Punjab and Maharashtra — is the fourth state to have waived off loans taken by farmers. However, this is not going to be the end of the matter. You are likely to...
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Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew
-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...
More »Bullet train caution to govt -Jaideep Hardikar
-The Telegraph Nagpur: Delhi Metro architect E. Sreedharan has suggested that investments in upgrading existing railway systems should take priority over high-speed bullet trains the Centre aims to roll out, his comments coming days before the rail budget. "Eventually, we must go for bullet trains but this is not the right time to invest in that system," Sreedharan, referred to as the "Metro Man" for his role in building the network in...
More »Smart cities or smart pilots? -Nitin Sethi & Ishan Bakshi
-Business Standard No 'smart city' will be created in the next five years, though a successful programme could see several smart colonies come up across the country The National Democratic Alliance government's ambitious Smart Cities programme will at best be able set up only 100 pilot projects in the first five years. Contrary to general perception, no 'smart city' will be created in the next five years, though a successful programme could...
More »Progressing, stitch by stitch -Usha Rai
-The Hindu Rural women sew their way to empowerment, thanks to the Silai Schools. Saroj Namdev, 36, of Satlapur village, Raisen district of Madhya Pradesh, is a housewife and mother of three. She struggled to provide her children food and education on her husband's small income. Then he lost his job and the family was reduced to penury. This pushed her out of her cocooned existence to become an entrepreneur. Saroj,...
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