-The Telegraph Bhubaneswar: Growing unemployment has come to haunt the Naveen Patnaik government with the number of jobless persons in the state crossing the 10lakh figure. Official statistics show that more than 10.86 lakh jobless persons had registered with the 80 state-run employment exchanges in 2013. Of these, 8,034 were technical graduates, including 6,093 engineering graduates and 303 technical postgraduates. The figure reveals the plight of the state's educated youth as 1.7 crore...
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Unused priority sector lending funds to be diverted to MUDRA Bank -Surabhi
-The Indian Express Unused priority sector lending funds of commercial banks will be used to set up the Rs 20,000 crore corpus of the proposed MUDRA Bank. The bank will use at least 65 per cent of its funds for lending to micro enterprises run by members of scheduled castes and tribes. Typically, domestic commercial banks deposit their lending shortfall from priority sector to the Rural Infrastructure Development Fund of the NABARD...
More »Swachh Bharat may add 1% extra service tax to 5-star hotel bills
-The Times of India NEW DELHI: The government has identified five "high-end services", including bills in four- and five-star hotels, which will attract additional service tax to fund Prime Minister Narendra Modi's Swachh Bharat campaign, and leave a slightly bigger dent in your pocket. Sources, however, indicated that against an "enabling provision" of levying up to 2% cess over the 14% service tax, the government is expected to notify an additional 1%...
More »Case for proper crop insurance scheme -Devinder Sharma
-Deccan Herald Make new entrants provide 40 per cent risk coverage to the farming sector on a household basis. Unseasonal rains and strong winds that lashed the entire north-western region have done immense damage to the standing crops. The Union Ministry of Agriculture has estimated damage to standing crops in 50 lakh hectares in Punjab, Haryana, Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh, Madhya Pradesh, Rajasthan and Maharashtra. Coming after an extended...
More »Policy on child malnutrition uses old data -Rema Nagarajan
-The Times of India Prime Minister Modi said child malnutrition would be tackled on a "mission mode", his predecessor called it a national shame. Yet, policymaking is dependent on malnutrition data from 2005-06, with the data from the Rapid Survey on Children (RSOC) carried out by Unicef and the women and child development (WCD) ministry in 2013 yet to be made available. The data was sent to the health ministry for...
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