-The Times of India MUMBAI: Demonetisation seems to have helped private moneylenders in Maharashtra. Of the Rs 13,558 crore of loans required for the rabi season, banks could disburse only about Rs 2,400 crore (18%), due to shortage of cash. Besides, there are restrictions on district cooperative banks (DCCBs). Officials said the crisis gave moneylenders an opportunity to get rid of defunct notes as loans were disbursed in old notes and they...
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'Insurers often lack heart in dealing with claims' -Dipak K Dash
-The Times of India NEW DELHI: Insurance firms often lack a heart when dealing with claims, the chief of India's apex consumer protection body said on Saturday. Justice D K Jain, president of the National Consumer Disputes Redressal Commission (NCDRC), also cited examples of surveyors doing their best to delay or deny compensation. "Insurance companies should have a heart. I feel they lack it," said Justice Jain at an event on National...
More »Monsanto and CCI continue blame game in Delhi High Court -Sayan Ghosal
-Business Standard GM seed firm's counsel seeks hearing on matter despite absence of CCI's counsel, in order to avoid coercive steps against company New Delhi: The Delhi High Court on Friday adjourned Monsanto's challenge to proceedings initiated against the company and its officials by the Competition Commission of India (CCI) earlier this year, as government co-counsel senior advocate, A S Chandhiok, was unavailable to present his arguments. His absence though, did not stop...
More »Circular migration is holding back India's urbanization -Dipti Jain
-Livemint.com Many urban workers go back to their villages instead of settling in cities with their families, a study shows One of the biggest announcements after Narendra Modi assumed office was the announcement of the smart cities project, which involves overhauling of urban infrastructure in 100 Indian cities. In April, Niti Aayog chairman Arvind Panagariya predicted India’s urbanization rate to increase to over 60% in the next 30 years, assuming a 7-9%...
More »Smog costs million kids classes and a meal -Pheroze L Vincent
-The Telegraph New Delhi: Delhi's 1,800-odd municipal schools have declared a holiday tomorrow citing predictions of "very poor" smog and the health risk it poses, but critics rued that over a million poor children would miss their midday meals. Some parents said the slum children who go to these schools would be playing on the smoggy streets anyway if classes were closed. This is the first time so many schools will close in...
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