-Hindustan Times Whether it is to manage the flood situation of Yamuna or water logging of Kuttanad, we should adopt a similar strategy and promote the “give water its space” concept. Forcing water bodies to give up their space or change their courses, as envisaged in the country-wide river interlinking project will lead to irreversible consequences, learning from the examples before us. The monsoon is an unsettling time in India, with...
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Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years
-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
More »More than 4 lakhs posts in the Central govt. lying vacant, shows latest available data
Since jobs have shrunk due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...
More »The Indian economy's changing growth constraints -Niranjan Rajadhyaksha
-Livemint.com The job of policy strategists is always to identify the binding constraints to growth and then try to figure out which policies will help ease them Economists of a certain vintage will remember the old development models in which rapid economic growth was held back by three key constraints. The first was the savings constraint. A poor country such as India could not save enough of its annual national income to sustain...
More »Central and state governments sit over 24 lakh vacancies amid debate over job drought -Atul Thakur
-The Times of India In time of a raging debate over jobless growth, nearly 24 lakh posts are lying vacant with the central and state governments, data compiled from answers to various questions in Parliament show. A Rajya Sabha question answered on February 8 shows that the largest chunk is the over 10 lakh vacant positions for teachers in elementary (9 lakh) and secondary schools (1.1 lakh). Apart from the vacancies in the...
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