-The Hindu Employees from the community say they have poor representation in officer ranks The Supreme Court on Friday asked the Centre and public sector banking authorities to consider providing reservation to Scheduled Castes and Scheduled Tribes employees in promotion to officers’ ranks at all levels. “The grievance of the employees belonging to the Scheduled Castes and Scheduled Tribes category is that there is negligible representation of employees belonging to their community in...
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PMO sets ambitious paperless target -Vikas Dhoot
-The Hindu All govt departs and ministries have been asked to provide electronic options for all payments and receipts by March 31, 2016. The Prime Minister’s Office has set an ambitious target to shift at least 90% of all government transactions that involve payments or receipts from citizens and businesses to electronic or paperless mode by the end of 2016, replacing the use of cash, demand drafts, cheques and challans in government...
More »Banks are trying to cover up underhand actions: SC -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Supreme Court on Wednesday slammed the Reserve Bank of India (RBI) for refusing to make public through Right To Information (RTI) its reports on inquiry into offensive practices by private and Public Sector Banks and said as a "watchdog", the central bank had a duty to make public reports on non-transparent activities of banks. "We have surmised that many financial institutions have resorted to acts...
More »Unpaid subsidy means FCI to be starved of funds by December -Sandip Das
-The Financial Express Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Unless the finance ministry releases a good part of the unpaid subsidy of Rs 58,000 crore or let Life Insurance Corporation raise Rs 40,000 crore to support FCI soon,...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
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