-The Hindu Business Line Kochi (Kerala): In a significant attempt to protect coastal wetlands in the wake of the climate crisis, a mobile app has been developed to collect the complete datasets on smaller wetlands across the coastal region of the country. The app was developed by the Space Applications Centre (SAC) of the ISRO upon the request of the Central Marine Fisheries Research Institute (CMFRI) in line with a memorandum of...
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Customers mull legal action to revoke RBI order on PMC Bank, Access funds
-The Hindu Business Line Mumbai: Thousands of distraught customers of Punjab and Maharashtra Cooperative Bank gathered at the bank’s branches in Mumbai for a second day on Wednesday to protest against the Reserve Bank of India’s direction to impose restrictions on withdrawal amounts. Some of them said they would initiate legal action. “I had saved up for my daughter’s marriage in December, but my money is now stuck,” said Harshit Rane, a customer....
More »Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get Access...
More »PMJAY to offer teleconsultation to boost coverage -Bindu Shajan Perappadan
-The Hindu The move is part of the Centre’s plans to widen the coverage of the scheme and thus reduce the incidence of catastrophic health expenditures. The Pradhan Mantri Jan Arogya Yojana (PMJAY) health insurance scheme is set to offer teleconsultation services to its patients soon. The move is part of the Centre’s plans to widen the coverage of the scheme and thus reduce the incidence of catastrophic health expenditures, and improve...
More »The corporate tax cut could undermine the promise to cap the fiscal deficit
-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent,...
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