-The Times of India NEW DELHI: One in almost every five cases in consumer forums is related to the insurance sector, followed by complaints relating to the housing and banking sectors, according to a sample analysis done by the consumer affairs ministry. The latest data shared by the ministry with the state governments recently show that at present about 4.15 lakh cases are pending before different consumer forums, nearly three-fourth of them...
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Despite note-ban, rural wages on a steady climb in Nov: Nomura
-PTI Mumbai: Defying the impact of the note-ban which has yanked down consumer sentiment, rural wages have been on a steady upward spiral, rising by 7.3 per cent in November, suggesting a likely release of pent-up demand after demonetisation, says a report. “Nominal rural agricultural wages rose to 7.3 per cent year-on-year in November, from 6.9 per cent in October, remaining well above the previous 12-month average of 4.8 per cent,” Japanese...
More »Quality of spending comes under radar as fiscal draws to a close -Surabhi
-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...
More »Acreage under rabi crops declined in 2016-17 as compared to 2013-14
As opposed to what has been said officially about the positive impact of demonetisation on rabi sowing, acreage actually declined in 2016-17 as compared to a normal year. Let us see why this has been so. On New Year’s Eve, Prime Minister Narendra Modi while addressing the nation post-demonetisation, among other things, said: “...Friends in the last few weeks, an impression was sought to be created that the agriculture sector...
More »Mihir Shah Committee report recommends a paradigm shift in water management
Against the backdrop of drought that affected most states in the past 2 years, it is essential to take a look at a report on improving water governance in the country, which was submitted to the Ministry of Water Resources in July, 2016. That report, which was prepared by the Committee on Restructuring the Central Water Commission (CWC) and Central Ground Water Board (CGWB) under the chairpersonship of Dr. Mihir...
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