-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...
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Reverse swing: 900 students choose this Delhi govt school over private ones -Heena Kausar
-Hindustan Times The government Sarvodaya co-ed senior secondary school in Rohini Sector 21, which was opened on April 1, boasts of a swanky building with 69 rooms, including yoga room, music room, mathematics laboratory, and science laboratory. Dressed in a blue shirt, navy blue pants and a matching tie, Class 11 student Harsh Rawat feels no different studying at a government school than what he used to at a nearby private school...
More »How will farm loan waivers impact the Indian economy? -Tadit Kundu
-Livemint.com Farm loan waivers will strain the finances of states, and harm both farmers and banks over the long run In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good Money after bad, and stoke inflation. How much of an impact will...
More »Ensure safety of customers' lockers: RBI to banks
-PTI New Delhi: The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed today. Besides, banks are being probed by the fair trade regulator CCI for alleged cartelisation in providing locker services to their customers. In a written reply to the Rajya Sabha, Corporate Affairs Minister Arun Jaitley said there is no specific...
More »Govt does not calculate 57 per cent compensation dues to MGNREGA workers: Study
-The Indian Express The study done independently by Rajendran Narayanan of the Azim Premji University said the Money the government does not pay rural workers constitutes 57 per cent of the total compensation due to workers. An independent study on 92 lakh MGNREGA transactions across 10 states has found that the central government does not calculate or pay any compensation for a part of the last-mile delay before Money reaches bank accounts...
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