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Bihar first state to launch universal old-age pension scheme -Madan Kumar

-The Times of India PATNA: Bihar on Friday became the first state to launch a universal old-age pension scheme in which each person at the age of 60 years and above, irrespective of their financial, family or caste status, will get a sum of Rs 400 per month directly in his/her bank account. In other states, old-age pensions are provided only to the members of either BPL family or SC/ST or widows...

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India's GDP growth: New evidence for fresh beginnings -Arvind Subramanian

-The Indian Express Methodological changes have led to overestimating GDP growth by 2.5 percentage points per year between 2011-12 and 2016-17. Actual growth is around 4.5 per cent. The promise of democracy is the periodic opportunity it creates for fresh beginnings. A government re-elected with such a resounding mandate should continue with the successful aspects of its economic policies. The most notable has been promoting economic inclusion via the public provision of...

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Govt mulls paying fertiliser subsidy directly to farmers under phase 2 of DBT scheme

-The Hindu Business Line The government bears over Rs. 70,000 crore annually as subsidy to provide cheaper farm nutrient to farmers. The government is seriously thinking of giving fertiliser subsidy directly to farmers under the second phase of implementation of direct benefit transfer (DBT) scheme, a senior fertiliser ministry official said on Thursday. In October 2017, the first phase of fertiliser DBT was rolled out, under which subsidy is being transferred to companies...

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Two years after Mandsaur police firings, victims' kin say still waiting for justice -Milind Ghatwai

-The Indian Express The BJP, now in the opposition, has accused the Congress of “milking” the Mandsaur case for political gains. Bhopal: Two years after the death of five protesters in two incidents of police firing near Mandsaur, Madhya Pradesh, family members of the victims have said they are still waiting for justice. The death toll would later rise to six after one protester succumbed to injuries allegedly suffered in police custody. The...

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Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya

-The Economic Times   Forecast of a normal monsoon and extension of PM Kisan scheme likely to boost rural income, say cos.   NEW DELHI| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New Delhi extended the assured income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...

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