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Do not force us to do Aadhar seeding, it is against spirit of democracy: Largest bank officers' body -Arun Janardhanan

-The Indian Express In the implementation of the Pradhan Mantri Jan Dhan Yojana, public sector banks and regional rural banks have opened 29.13 crore accounts as against 96 lakh accounts by the private banks. Chennai: The All India Bank Officers Confederation (AIBOC), the largest body representing over 3,25,000 officers, opposed the Centre’s move making Aadhaar mandatory and forcing bank officers to do Aadhar seeding. When the matter is subjudice in the...

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SC glare on 'political Bonds'

-The Telegraph New Delhi: The Supreme Court today sought the response of the Centre and the Election Commission on a joint petition filed by NGOs challenging amendments to the 2016 and 2017 Finance Acts that allegedly allow unfettered donations by corporate houses in India and foreign entities to parties in the name of "political Bonds". According to advocates Prashant Bhushan and Neha Rathi, appearing for the NGOs Association of Democratic Reforms and...

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Govt readies booster dose to revive stuttering economy, may target MSME sector -Suchetana Ray

-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to demonetisation that sucked out 86% of the currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...

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Do the maths: India's first bullet train isn't 'free of cost' as Modi claims -MK Venu

-TheWire.in/ Business Standard Over 50 years, the loan repayment value will be much higher based on the inflation differential Prime Minister Narendra Modi has claimed the bullet train offered to India by Japan is virtually free of cost. A 50-year yen loan amounting to Rs 88,000 crore at 0.1 % interest is being described by the prime minister as free of cost. This is patently absurd. India can have as many bullet trains...

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Shortage of specialist doctors in rural areas: Guj govt to HC

-PTI Ahmedabad: The state government today told the Gujarat High Court that there was a shortage of specialist doctors at community health centres as they were generally unwilling to work in rural areas and small towns. In an affidavit filed in response to a PIL seeking the courts direction to the state to provide better diagnosis and treatment facilities to control vector-borne diseases, the government said that it was fully equipped to...

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