-PTI Petrol price today hit ?74.40 a litre — the highest level under the BJP-led government, while diesel rates touched a record high of ?65.65, renewing calls for cut in excise duty to ease burden on consumers. State-owned oil firms, which have been since June last year revising auto fuel prices daily, on Sunday raised petrol and diesel rates by 19 paisa per litre each in Delhi, according to a price notification. The...
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Checking NPAs: 11 public sector banks now on RBI watchlist, small firms face credit crunch -Sunny Verma & Sandeep Singh
-The Indian Express At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the corporate sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...
More »'Skill India' urgently needs reforms -Santosh Mehrotra & Ashutosh Pratap
-The Hindu There is no way the country can reap its demographic dividend without fixing vocational education Salvaging the Indian demographic dividend must be a key part of India’s growth story. In 2016, the Government of India formed the Sharada Prasad Committee to rationalise the Sector Skill Councils (SSCs), which are employer bodies mostly promoted by the Federation of Indian Chambers of Commerce and Industry, the Confederation of Indian Industry and other...
More »Mega survey to track jobs in small companies starts in April -Yogima Seth Sharma & Kirtika Suneja
-The Economic Times NEW DELHI: The government will have a brand new set of employment numbers to flash before the next general elections in 2019, which will highlight job creation. Under the first of its kind massive survey, which starts on the first week of April, the government wants to track employment generation in micro, small and medium enterprises that are currently out of the coverage of the social security net. The survey...
More »States allowed to set up crop insurance firms to execute PMFBY
-PTI The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today. The move comes after several requests from states as well as observations made by Comptroller and Auditor General (CAG) in its 2017 report that old crop insurances schemes which have now been merged with PMFBY, were poorly implemented during 2011-2016. "We have allowed the states...
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