-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...
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Govt aims to connect 1.5 lakh gram panchayats via optical fibre by mid-2018
-The Hindu Business Line Indian digital economy set to reach $ one trillion in another 5-7 years: Ravi Shankar Prasad Kolkata: Around 1.5 lakh gram panchayats will be connected via optical fibre under the national optical fibre network programme of the Centre by mid-2018, the Union Minister for Electronics & IT and Law & Justice, Ravi Shankar Prasad, said today. Of the targeted 2.5 lakh gram panchayats are to be connected under this...
More »Parliamentary panel to question RBI Governor Urjit Patel on demonetisation today
-The Indian Express The panel members have planned to ask Urjit Patel questions regarding RBI's preparedness for digital transition. They will also question about how much money has come back into the system after the November 8 decision to place the existing currency notes of Rs 1000. Reserve Bank of India (RBI) Governor Urjit Patel will appear before the Parliamentary panel on Wednesday to respond to clarifications demanded by the panel on...
More »Half of Delhi's 1,000 water bodies vanished due to garbage dumping, encroachments -Joydeep Thakur
-Hindustan Times Delhi relies heavily on the polluted Yamuna, neighbouring Haryana for its water supply. The groundwater table is also fast depleting. Natural and artificial water bodies in the city are being targeted by land sharks as well as local residents who have turned them into garbage dumps. New Delhi: More than half of Delhi’s 1000 water bodies have either dried up, encroached upon or acquired for infrastructure development. That is...
More »No Jobs, And Now No Skills -Vineet John Samuel
-HuffingtonPost.in What the dissolving of Skill India’s ambitious targets says about India’s tryst with jobless growth. The recent figures released by the Labour Bureau's Quarterly Economic Survey have pointed to a rather dangerous trend in terms of employment for the country. According to the latest government data, job creation for the nine months running up to December 2016 for the eight labour-intensive sectors of the economy was at an abysmally low 2.31...
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