-NDTV.com/ PTI The matter came up for hearing before a Supreme Court bench comprising Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian which listed it for hearing next week. New Delhi: The Supreme Court has said it would hear on November 23 the plea filed by Rajya Sabha MP Binoy Viswam seeking direction to the RBI for framing regulation to ensure that data collected on UPI platforms is not...
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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Kisan Sabha welcomes Punjab Bills
-The Hindu Business Line All India Kisan Sabha (AIKS), welcomed the four farm legislations passed by the Punjab Assembly and urged all other States to follow the model so that the Centre’s three farm laws can be nullified. AIKS General Secretary and senior CPI(M) leader Hannan Mollah said the States and the Centre should enact a law promoting “Peasant-Worker Social Cooperatives” against corporatisation of agriculture. He said the passage of the Bills...
More »Explained: What constitutes the Mahagathbandhan and what is its social composition?
-The Indian Express The RJD is banking mainly on Yadav (14% of the state population) and Muslim (17%) votes, and hopes the Congress will get it upper caste and Dalit votes. New Delhi, Patna: The Mahagathbandhan or Grand Alliance constitutes primarily the RJD and Congress. The Left parties CPI (M-L), CPI and CPM, which have some support base in Bihar, are the new entrants to the alliance. Having lost partners in the...
More »Growth compulsions, fiscal arithmetic -C Rangarajan and DK Srivastava
-The Hindu The economic situation warrants enhanced government expenditure; the policy challenge is to minimise the growth fall India’s growth in the first quarter of 2020-21 at (-) 23.9% showed one of the highest contractions globally. Global growth prospects for 2020 have been projected by a number of multilateral institutions and rating agencies including that for India. The 2020-21 real GDP growth for India is forecast in the range of (-) 5.8%...
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