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With liquor out, Bihar splurges on saris

-PTI Consumption of honey, cheese rises: study Patna: Prohibition is making people of Bihar spend on good clothes and food with sale of expensive sarees rising by 1,751%, while consumption of honey by 380% and that of cheese by 200% in the first six months of the ban, according to latest studies on the measure. The studies, conducted by think tank Asian Development Research Institute (ADRI) and government-funded Development Management Institute (DMI), also...

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Will the Supreme Court declare the Aadhaar Act a black law? -Dr. Gopal Krishna

-Rediff.com Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing national resources and Assets, warns Dr Gopal Krishna. In the moment of Uber-isation and Ola-isation of services, wherein an app links a supplier with a consumer via a platform and the app provider may...

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Tardy govt risks spoiling benami drive

-PTI New Delhi: The attachments of over 780 benami Assets, worth crores, risk being invalidated because of the government's failure to create a designated adjudicating authority in the 19 months since enforcing a stringent law against black money and corruption. The Centre had amended the Benami Property Transaction Act of 1988 and enforced the tighter version on November 1, 2016, days before Prime Minister Narendra Modi demonetised 1,000-rupee and 500-rupee notes. Section 7...

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Poverty: The direct approach isn't always best -Bjorn Lomborg & Manorama Bakshi

-Livemint.com It is important to give preference to those approaches that help the poor the most for every rupee spent, no matter how they are labelled Sometimes in life, it is clear that the direct approach isn’t the best one. This is true in many areas, even when it comes to policymaking. Take, as an example, the area of extreme poverty. It seems logical, at first, that the most effective response should...

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In five years, pvt banks see 450 per cent spike in bad loans -George Mathew

-The Indian Express Among private banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad  loans. Mumbai: Data over the last five years shows that private banks have been steadily accumulating bad loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these banks — from...

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