-The Times of India The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India. While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of...
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EGoM Releases Relief Package of Rs 2,892 Cr for 7 States
-Outlook The Centre today decided to release a relief package of more than Rs 2,892 crore for seven states, including Maharashtra, to help them tackle the impact of droughts, floods and landslides faced last year. The decision was taken at the meeting of the Empowered Group of Ministers (EGoM) on drought, headed by Agriculture Minister Sharad Pawar. Briefing the media, Pawar said: "There were number of proposals from various states demanding central assistance...
More »Indian families spending less on health, education -Dipti Jain
-The Times of India Indian households are allocating less of their spending to education and healthcare and more to travel and eating out than they did in the past, the latest GDP data reveals. Expenses towards education and medical care have, in fact, been declining since 2008-09, according to the data, along with a decline in spending on food. Expenditure towards medical care and health services has declined from 3.9% of the...
More »When water flows like money-P Sainath
-The Hindu If drought is making many in Osmanabad struggle for survival, it is also boosting a 24-hour trade that thrives on scarcity Bharat Raut spends around Rs.800 a month on petrol — just to fetch water that belongs to him. So do a lot of others in Takwiki village in Osmanabad district in Marathwada. Almost every household in Takwiki (and other villages) has one member locked into a single task each...
More »The Doctor Only Knows Economics-Lola Nayar and Amba Batra Bakshi
-Outlook This could be the UPA’s worst cut to its beloved aam admi. Healthcare has virtually been handed over to privateers. Not For Those Who Need It Most Govt seems to have abandoned healthcare to the private sector Diagnosing An Ailing Republic 70 per cent of India still lives in the villages, where only two per cent of qualified allopathic doctors are available Due to lack of access to medical care, rural India...
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