-Business Standard Gold imports in January-March 2017 were the most since the same quarter of 2013 January-March 2017 has been the best fourth quarter in terms of gold imports since early 2013. Gold imports in the last quarter stood at 230 tonnes, and more than 100 tonnes is estimated to have been imported in March alone. But for the blip in December, gold imports have gone up significantly following the government’s announcement of demonetisation,...
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In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
More »Government refuses to share details of CBI chief appointment
-PTI Alok Kumar Verma, the former Delhi Police Commissioner, was on January 19, named as the chief of Central Bureau of Investigation (CBI) The government has refused to share details of appointment of CBI Director Alok Kumar Verma, claiming the information was exempted under the Right to Information (RTI) Act. Replying to an RTI query, the Department of Personnel and Training (DoPT) said the appointment was done by prime minister Narendra Modi-led...
More »Govt to conduct survey on 'Hilsa' fish to save the species -Mayank Aggarwal
-Livemint.com The National Mission for Clean Ganga has decided to conduct a study on ‘Hilsa’ fish in the Ganga river for its better conservation and management New Delhi: Bangladesh’s prime minister Sheikh Hasina has brought 20 kg of ‘Hilsa’ fish as gift for President Pranab Mukherjee during her ongoing India visit but the species has seen a consistent decline in the country. Thus for its better conservation and management, the National Mission for...
More »Prelude to a contagion -Ashok Gulati & Siraj Hussain
-The Indian Express UP’s farm loan waiver could prompt other states to follow suit, evade real reasons for agricultural distress The new Uttar Pradesh Chief Minister, Yogi Adityanath, has hit the ground running. In his first cabinet meeting, he took three important decisions with regard to farmers. First, he waived farm loans of more than Rs 36,000 crore, primarily of the small and marginal farmers who comprise 92 per cent of the...
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