-PTI The Prime Minister on Thursday launched three missions on Smart Cities, Atal Mission for Rejuvenation and Urban Transformation, and Housing for All. States and Union Territories will have a greater say in implementation of the three flagship schemes for urban development launched by Prime Minister Narendra Modi on Thursday, as per the guidelines issued. Operational guidelines for implementation of Smart Cities, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Housing for...
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Super rich defaulters push Indian banks towards collapse
-DNA What is worse is that just the top 30 cases of default account for a Rs 1.21 lakh crore, which is almost 40% of the Non Performing Assets (NPAs) in banks. The upper middle class, who usually takes loans of over Rs 1 crore, accounts for 33% of the total NPAs. It's not the poor farmers or the middle class who are defaulting on their loans. It's the country's super rich,...
More »Drought factor forces NDA government to rethink on MGNREGA -Ruhi Tewari
-The Indian Express The average days of employment provided per household, too, fell to 40.01 from 45.97 in 2013-14 and 46.20 in 2012-13. From Prime Minister Narendra Modi’s public barbs against its being a “living proof” of 60 years of Congress misrule, to a proposal now for extending the annual work entitlement to 150 days in drought-affected areas, the BJP-led government’s disposition towards the Mahatma Gandhi National Rural Employment Act (MGNREGA)...
More »India's rich got richer under UPA-II, will get wealthier under Modi govt
-Hindustan Times In signs of rising disparity in wealth distribution, only 928 households own a fifth of India's private wealth, according to a report by the Boston consulting group. The percentage of private financial wealth those 928 households own is 20%, the BCG report titled 'Global Wealth 2015: Winning the Growth Game' said. The number of such ultra high net worth households stood at 284 in 2013, and is projected to account for...
More »Alternative to govt doles
-The Telegraph Standard model: The state provides a poor woman employment for 58 days a year, under the 100-day job guarantee scheme, at (Bengal's) daily wage rate of Rs 169. Cost: about Rs 20,000 over two years. Alternative: The state provides her an asset - maybe a small grocery - teaches her to run it and monitors her progress while giving a daily stipend for her consumption needs and ensuring basic healthcare...
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