-The Indian Express EC had asked the central bank to relax the weekly bank withdrawal LIMit from Rs 24,000 to Rs 2 lakh for candidates contesting elections in Uttar Pradesh, Uttarakhand, Punjab, Goa and Manipur. New Delhi: The Reserve Bank of India (RBI) has shot down the Election Commission’s (EC) proposal to relax the weekly withdrawal LIMit for those contesting the Assembly elections, prompting an angry reaction from the poll panel, which...
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Early budget hurdle to survey -Jayanta Roy Chowdhury
-The Telegraph New Delhi: The demonetisation-hit economy, which is expected to LIMp back to normalcy by the middle of this calendar year, may report a GDP growth rate of around 7 per cent for 2016-17, according to North Block economists. Of course, like all cautious economists, North Block's tribe of coffee swigging GDP forecasters and policy sherpas will add a ceteris paribus (all other things being equal), the Latin term that the followers...
More »EC renews plea to RBI for higher cash withdrawals
-The Hindu EC expresses "serious concern about the cursory manner in which the issue has been dealt with" The Reserve Bank of India (RBI) has turned down the Election Commission’s request to enhance the cash withdrawal LIMit for nominated candidates in the five poll-bound States, from Rs. 24,000 to Rs. 2 lakh per week, till the declaration of results on March 11. Asking the RBI to reconsider, the EC on Saturday again wrote...
More »Every 3rd person died in road accidents is a youth -Dipak K Dash
-The Times of India NEW DELHI: A speeding luxury car snuffing three young lives, including a woman techie and an auto-rickshaw driver, in Delhi's suburb on Friday night has once again pointed to how youth continue to be the most vulnerable road users and that speeding is the biggest killer. The latest road accidents report of Union road transport ministry shows how every third person killed in road crashes is in the...
More »SC issues notice to Centre, states, UTs, RBI to look into farmer suicides -Satya Prakash
-The Tribune SC issues notice to Centre, states, UTs, RBI to look into farmer suicides New Delhi: The Supreme Court on Friday issued notices to the Centre, states, union territories and the RBI asking them to suggest measures to deal with situations created by natural calamities and indebtedness that often force farmers to commit suicide. A Bench header by Chief Justice of India JS Khehar asked them to file their responses in four...
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