-The Hindu It is critical that the Supreme Court immediately adjudicates on the electoral bonds scheme The Election Commission of India has announced dates for elections to five Legislative Assemblies. It is a matter of grave concern that the petition challenging the electoral bonds scheme, which deals with the vexed issue of election funding, continues to languish in the Supreme Court. The delay in adjudicating on the case filed in September 2017...
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Parliament proceedings -- Banks wrote off ₹1.15 lakh cr. in nine months of FY21: Anurag Thakur
-The Hindu “As per RBI data, scheduled commercial banks (SCBs) have written off loans of ₹2,36,265 crore, ₹2,34,170 crore and ₹1,15,038 crore during FY2018-19, FY2019-20 and the first three-quARTers of FY2020-21 respectively,” the Minister said. Banks have written off bad loans to the tune of ₹1.15 lakh crore in the first three-quARTers of the current fiscal, the Lok Sabha was informed on March 8. As per RBI guidelines and policy approved by bank...
More »Worrying spike in Global Food Prices -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line Having recovered from their lows touched early or mid-2020, food prices are rising fast. At $574.8 a metric tonne in February 2021, the price of soyabean was 53 per cent higher than the corresponding month of 2020, when the effects of the Covid pandemic were yet to be felt (ChART 1). Over that period, the price of maize had risen from $168.71 to $245.24 a metric tonne...
More »The real victims of nativist labour laws? Low-income migrant workers -Chinmay Tumbe
-The Indian Express Migration for work represents a match between employers looking for certain skills at low rates and workers who want to earn more than they can back home Political rhetoric and the occasional violence against inter-state migrant workers is nothing new in India. StARTing from the Mulki rules in Nizam-ruled Hyderabad in the late 19th century that favoured local employment to the anti-South Indian movements in Bombay in the 1960s...
More »India’s poor were struggling to refill LPG cylinders. Now with record price hike, many have given up -Aarefa Johari
-Scroll.in Modi government’s flagship Ujjwala scheme continues to hand out new gas connections without fixing the problem of unaffordability. At the stART of every monsoon, Doli Kumari’s family refills their LPG cooking gas cylinder and uses it for three or four months. As the rains recede in their village of Tarauna Bhojpur in Bihar’s Araria district, the family switches back to burning wood for daily cooking. This monsoon, however, the family plans not...
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