-The Hindu Business Line Bankers call for a coordinated approach to deal with the stressed loans issue New Delhi: The RBI’s revised framework for stressed loans may prove to be disastrous and seems ill timed for an economy that is just recovering from twin policy blows of demonetisation and GST implementation. Though there are long-term benefits of administering such a bitter pill, the short-term risks are significant, say bankers. “This (revised NPA framework) is...
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Cardiac stent price cap lowered further to Rs 28,000 -Rema Nagarajan
-The Times of India The National Pharmaceutical Pricing Authority on Monday revised the price of drug eluting stents (DES) downwards by about Rs 2,300 to just under Rs 28,000, while marginally raising the cap on bare metal stents from Rs 7,400 to Rs 7,660. These caps are excluding GST. With DES accounting for about 95% of all stents used in India, this means most stents will become cheaper. The authority, which had...
More »15 months after demonetisation, RBI still processing returned notes
-PTI RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being “processed for their arithmetical accuracy and genuineness”. This is being done in an...
More »'Formalising' the Economy: What's in It for Workers? -Karuna Dietrich Wielenga and Shashank Kela
-TheWire.in The Modi government’s attempts to reshape the economy lie entirely in the financial realm; they come on the back of concerted efforts to strip workers of legal protection in not just the informal sector, but also the formal. The Narendra Modi government has made two major interventions in the economic sphere, demonetisation and the Goods and Services Tax (GST), with the ostensible aim of expanding the formal sector at the expense...
More »Education ups attendance of MPs, criminal history lowers it -Neelanjan Sircar
-Hindustan Times An analysis of parliamentarians’ attendance suggests a correlation between their regularity and the troika of moveable wealth, education, and criminality. Showing up to work is the least we can expect from our Members of Parliament (MPs). Yet, very few MPs do this with regularity — only 20% of standard (non-minister) MPs that served a full term in Lok Sabha between 2009 and 2014 attended Parliament at least 90% of the...
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