-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian banks reported a total loss of about ?70,000 crore Due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
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PMFBY -- Insurance Companies Make Super Profits, Farmers Suffer -Subodh Varma
-Newsclick.in Insurance companies have already earned about Rs.16,000 crore in three seasons. The much-hyped Pradhan Mantri Fasal Bima Yojana (PMFBY) – supposed to provide insurance protection to farmers against crop losses Due to natural events – has turned into a bonanza for insurance companies while farmers are angry over delays in claim settlement, rejections and paltry compensation. Launched in 2016, four full seasons have passed since and the financial transactions show earnings...
More »Rebooting the system for a skills upgrade -Santosh Mehrotra & Ashutosh Pratap
-The Hindu There needs to be a road map to rescue private Industrial Training Institutes from their weak state Small shops, basements, tin sheds and godowns. These are not random workplaces but places where private Industrial Training Institutes (ITIs) are running in the country. Disturbing facts such as these come from the report of the Standing Committee on Labour (2017-18) headed by Bharatiya Janata Party MP Kirit Somaiya, on the “Industrial Training...
More »More than 4 lakhs posts in the Central govt. lying vacant, shows latest available data
Since jobs have shrunk Due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...
More »Bengali Dalits feel the NRC is targeting their community. Will this hurt the BJP in West Bengal? -Shoaib Daniyal
-Scroll.in Of late, the BJP had done well to attract Dalit Bengali refugees with its promise of citizenship for Hindu Bangladeshis. But the NRC might harm that narrative. On Wednesday, the All India Matua Mahasangha held protests in West Bengal against the exercise to update the National Register of Citizens in Assam to identify undocumented migrants from Bangladesh. Its supporters organised rail blockades at various points in the North 24 Parganas...
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