-NDTV Profit The relaxation comes against the backdrop of reports that many district co-operative banks did not have enough cash to disburse to farmers. The Finance Ministry on Tuesday allowed banks, post offices and district central cooperative banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange the value of notes deposit with the new notes. In an official notification...
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60% of all east-bound trains ran late in May -Avishek G Dastidar
-The Indian Express In May, data shows, only 3.04 per cent trains lost punctuality due to law and order problems. Rail passengers travelling to the eastern parts of the country from the north were most affected by train delays in May, according to official data obtained by The Indian Express. The data show that of the 19,450 trains that failed to keep time from May 1 to May 30 across India, around...
More »The spectre of unemployment -Raghavan Srinivasan
-The Hindu Sans quality jobs, ‘aspirational young India’ will become ‘angry young India’ The government – and Paytm – may not agree, but there are some downsides to the rising digitisation and connectivity. One is an unleashing of aspirations. Everyone wants not just what Bengal’s leftists used to contemptuously dismiss as components of the middle-class Indian dream — gaadi, baadi, chaakri (car, home, job) — but a whole lot of other things....
More »3 killed in Meghalaya landslide, 30,000 hit by floods in Assam -Manosh Das & Anup Dutta
-The Times of India SHILLONG/ JORHAT: At least three people, including a minor, were killed and two women reported missing following a massive landslide in Meghalaya's Ri-Bhoi district on Saturday morning. "The landslide occurred inside an industrial area of the Meghalaya Industrial Development Corporation in Umiam," said Ramesh Singh, Ri-Bhoi SP. The disaster was triggered by incessant rain in the region for the past few days. With more people feared trapped under...
More »Shrinking banks putting Delhi at risk of flooding -Jayashree Nandi & Risha Chitlangia
-The Times of India NEW DELHI: In 2015, a high-powered panel appointed by the National Green Tribunal and headed by the then union water resources secretary Shashi Shekhar had recommended the ecological development of the Yamuna floodplain in such a manner as to prevent any further encroachments by builders. But with NGT yet to decide on implementing that report, constructions continue on either side of the river. NGT also asked for the...
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