-The Telegraph New Delhi: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth had tumbled to 6.1 per cent in the fourth quarter (January-March). That is considerably slower than the 6.9 per cent growth that the resurgent Chinese economy racked up during the same...
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Auditor Extraordinaire: The Curious Case of NPA Underreporting in India -Hemindra Hazari
-TheWire.in At Axis Bank and Yes Bank, it appears that a single auditor of a member firm of Ernst and Young has overlooked gross NPAs of a staggering Rs 13,655 crore. Recently, Axis Bank and Yes Bank jolted the Indian banking community while releasing their annual results. Both banks disclosed a staggeringly large divergence between the banks’ audited accounts and the Reserve Bank of India’s (RBI) findings regarding bad loans on the...
More »Soon, hospitals may have to list C-section data -Mohua Das
-The Times of India MUMBAI: The government is in the process of drafting a clause that makes it mandatory for hospitals empanelled under the Central Government Health Scheme (CGHS) to publicly display the number of Caesarean section and normal deliveries they have carried out. The move comes after the Centre received a citizen's' petition in February which drew attention to the alarming rise in the number of C-sections in India, mainly...
More »Where are the jobs? Being in denial over unemployment woes won't help Modi govt -Rajesh Mahapatra
-Hindustan Times To begin with, it is imperative that the government and the ruling coalition acknowledge the challenge, and not be disMISsive about it. Ambiguous expressions such as “promoting self-employment” do not help. It is difficult to disagree when BJP president Amit Shah says it’s impossible to provide jobs to everyone in a country of 1.25 billion people. It is also equally absurd to agree with him that reports of rising unemployment...
More »India's pulse dilemma -Uttam Gupta
-The Pioneer While the Government has done its bit to boost the output of pulses, it has done little to check the nexus between politicians and grain traders For several decades, production of pulses in India has fallen substantially short in terms of consumption. This persistent deficit has led to intermittent bouts of spike in prices as imports (needed to plug it) have often come after lag and have failed to reach...
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