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Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee

-PTI * The author of 'Good Economics for Hard Times' added that the slowdown in the economy will also adversely impact poverty alleviation in the country * Abhijit Banerjee said the demand slowdown in the automobile sector also shows that people are lacking confidence in the economy JAIPUR: Nobel laureate and economist Abhijit Banerjee here on Sunday said the banking sector in the country is "stressed" and the government is in no position...

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'Open more private hospitals in next five years, make healthcare a fundamental right': Panel -Sumi Sukanya Dutta

-The New Indian Express The committee recommended that the number of MBBS and PG seats in the country be made equal by 2025, along with shifting healthcare from the state list to the concurrent list in the Constitution. NEW DELHI: A high-level panel on reforms in the health sector has come up with radical suggestions like shifting healthcare from the state list to the concurrent list in the Constitution, opening over 3,000-5,000...

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Reality check: on govt projecting slower GDP growth

-The Hindu Misplaced optimism needs to cede ground to tangible policy interventions The government’s advance estimates for economic output and growth for the fiscal year ending in March may raise eyebrows, but only for the wrong reasons. The National Statistical Office (NSO) has estimated that Gross Domestic Product (GDP) will expand by 5% in the 12-month period, in line with the Reserve Bank of India’s sharp downward revision last month in its...

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It's official: Not enough MPs are adopting model village scheme -Harikishan Sharma

-The Indian Express Five years down the line, official data shows that the progress of SAGY has been sluggish — about two-thirds of Lok Sabha MPs are yet to select gram panchayats under Phase-4 of the scheme. In his first Independence Day address from the ramparts of the Red Fort in 2014, Prime Minister Narendra Modi had announced the Saansad Adarsh Gram Yojana (SAGY) as part of nation-building, urging Lok Sabha MPs...

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Centre pushes for transfer of Sebi's surplus into its accounts -Rajeev Jayaswal

-Hindustan Times Sebi and some of the other regulators initially opposed the plan, citing concerns about loss of autonomy, but the government wants to go ahead with its plan, and finalise the transfer before the next budget is presented on February 1, 2020. New Delhi: The government is pushing ahead with its plan, underlined in Union Budget 2019, to transfer 75% of market watchdog Securities and Exchange Board of India’s (Sebi) surplus...

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