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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...

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A full-blown agrarian crisis? -Devinder Sharma

-DNA India India is frittering away gains of the Green Revolution and fast turning into a net food importer In 2015-16, India imported Rs 1,402,680,000,000 or 1.40 lakh crore worth of agricultural commodities. This was more than three times the annual budgetary allocation for domestic agriculture. Well, if you think the increasing reliance on food imports in one year — 2015-16 — is merely an aberration, hold your breath. According to commodity...

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SC glare on 'political bonds'

-The Telegraph New Delhi: The Supreme Court today sought the response of the Centre and the Election Commission on a joint petition filed by NGOs challenging amendments to the 2016 and 2017 Finance Acts that allegedly allow unfettered donations by corporate houses in India and foreign entities to parties in the name of "political bonds". According to advocates Prashant Bhushan and Neha Rathi, appearing for the NGOs Association of Democratic Reforms and...

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Forget fast growth, India is barely holding on. Just look at the data -Chaitanya Kalbag

-The Economic Times Those of us in our sixties, including our prime minister, will remember the goli soda. You used a little wooden gizmo to push in a marble stuck in the mouth of a bottle and guzzled the sweet, fizzy drink with the marble dancing around inside. Then you felt full and happy. But it was mostly gas. It’s feeling a lot like that these days, and PM Narendra Modi must...

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MGNREGA, once world's largest source of rural livelihood, now a tale of decay and digital delay -Rashme Sehgal

-Firstpost.com Have women living in rural India benefitted from the Mahatma Gandhi National Rural Employment Scheme (MGNREGA)? MNREGA was introduced in 2006 and has emerged as the largest programme in the world for providing employment to the rural poor. While there is no doubt that MNREGA in a short span of ten years did help generate 20 billion person-days of employment benefitting 276 million workers from which more than half were women....

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