-The Hindu Nod to increase income criterion from Rs. 4.5 lakh to Rs. six lakh The Union Cabinet on Thursday gave its approval for increasing the "creamy layer" income criterion from Rs. 4.5 lakh to Rs. six lakh per annum throughout the country. The socially advanced persons and sections, known as the "creamy layer," are barred from reservation benefits for the Other Backward Classes (OBCs). The Cabinet on Thursday said the present income...
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A nutritional crisis in India
-Live Mint Some commentators have gone so far as to dismiss India's nutritional crisis as a ‘hoax' In a recent article, Columbia University economist Arvind Panagariya argued that India need not be ashamed of its malnutrition statistics as they are likely to be exaggerated. Panagariya's contention that international standards used to measure nutritional attainments of Indian children are inappropriate, as they fail to account for "genetic differences" seem to have found favour...
More »Reforms’ unintended fallout -Ashoak Upadhyay
-The Hindu Business Line A mint-fresh working paper by the Reserve Bank of India once again trains the spotlight on a problem that, for five decades, every policy-maker has planned to snuff out, failed to, and then wished it would go away if ignored. But financial exclusion simply hasn't, and we now have the central bank applying its forensic skills to an examination of its magnitude. The title of Working Paper Series...
More »Stick to CBSE, NCERT books, schools told -Anubhuti Vishnoi
-The Indian Express Having faced criticism over objectionable content in school textbooks, the Central Board of Secondary Education (CBSE) has ruled that all 14,000 Institutions affiliated to it must stick to NCERT and CBSE textbooks. All schools will also have to set up websites declaring relevant information, including details pertaining to textbooks being used. Making these conditions for affiliation, the board recently amended its affiliation bylaws to ensure that only properly...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
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