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Railway min Prabhu is fudging numbers to look good: ex-min Trivedi -Srinand Jha

-Hindustan Times Less than a day before the Railway budget is presented in the parliament, former railways minister Dinesh Trivedi’s allegations against incumbent minister Suresh Prabhu of “fudging numbers” and concealing facts about the organisation’s financial health have surfaced in a letter to Prime Minister Narendra Modi, that also charges Prabhu of copying Trivedi’s earlier budget speech. Citing that the current Operating Ratio (every paisa spent against a rupee earned) had reached...

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Crop insurance is too returns-oriented -PSM Rao

-The Hindu Business Line Farmers’ incomes are too inadequate for actuarial premium rates to work for them The farm crisis in India continues unabated, proving all the governmental nostrums ineffective. Unfortunately, the new crop insurance scheme — the Pradhan Mantri Fasal Bima Yojana (PMFBY) — recently cleared by the Union Cabinet, to be implemented from the kharif crop cycle beginning this June, too, is unlikely to bring in any significant relief to...

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Bullet train caution to govt -Jaideep Hardikar

-The Telegraph Nagpur: Delhi Metro architect E. Sreedharan has suggested that investments in upgrading existing railway systems should take priority over high-speed bullet trains the Centre aims to roll out, his comments coming days before the rail budget. "Eventually, we must go for bullet trains but this is not the right time to invest in that system," Sreedharan, referred to as the "Metro Man" for his role in building the network in...

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Coming soon: Mother of all health schemes

-The Times of India NEW DELHI: The health ministry plans to roll out a centrally sponsored 'Health Protection Scheme' which will replace several of the existing government-supported health schemes including Rashtriya Swasthya Bima Yojana (RSBY), the government's flagship health insurance plan catering to families below poverty line (BPL). The proposed scheme will initially provide a minimum cover of Rs 50,000 to around 8 crore families or almost 40 crore people. It will...

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SC asks RBI for details of firms that have defaulted on loans of over Rs 500 crore -Shreeja Sen

-Livemint.com The Supreme Court has asked RBI to submit the information within six weeks New Delhi: The Supreme Court (SC) on Tuesday asked the Reserve Bank of India (RBI) to furnish details of companies that have defaulted on loans amounting to more than Rs.500 crore in sealed covers within six weeks. The court made the central bank a party to a 2005 case related to bad loans advanced to a few companies...

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