-Down to Earth So far livestock-related schemes were only catering to settled farmers, herders The Union government admitted that India’s pastoralist communities fell through the cracks when it comes to them benefitting from various schemes. It has urged states with sizeable population of such communities to work to prevent this. There is a significant population of pastoralists or cattle herders across India who move from one place to another to graze their animals....
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Concessional customs duty on imported edible oil extended till March -Gireesh Chandra Prasad
-Livemint.com The government had in October 2021 announced concessional import duty on crude soybean oil, crude palm oil and crude sunflower oil till March 2022, which was once extended till end of September. This has now again been extended till next March, as per the order. NEW DELHI: The finance ministry has extended concessional basic customs duty and agriculture and infrastructure development cess applicable on edible oils by six months till end...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »PM Modi May Decry 'Revdi Culture' – But it Still Runs Our Political Economy -Arun Kumar
-TheWire.in There is little doubt that the practice of handing out freebies undermines both democracy and development. But the problem doesn't lie just with the opposition. Constitutional authorities in India have recently spoken about key challenges the country is facing. The Chief Justice of India (CJI) has said that there is “diminishing” space for the opposition, that there was no longer any mutual respect between the Union government and the opposition, and that...
More »Land banks in Jharkhand may become a recipe for conflicts -Sushmita
-India.Mongabay.com * The allocation of lands for new commercial coal mines is likely to renew issues related to the creation of land banks in Jharkhand. * Common lands that people use have been transferred to land banks over the years, and physical surveys to record actual rights aren’t complete yet. * Lack of effective implementation of the Forest Rights Act 2006 on forest land (also part of land banks) has been a major...
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