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Note ban hit not just poor, but manufacturing sector too: House panel -Abantika Ghosh

-The Indian Express When announcing the decision on November 8, the government had said the then Rs 500 and Rs 1,000 notes would cease to be legal tender and this would cleanse the system of black money. A Parliamentary panel has come down heavily on demonetisation, describing it as one that not just inconvenienced the poor but also affected the manufacturing sector. “It was an effort to combat corruption, tax evasion and...

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Will farm loan waivers hurt the finances of Tamil Nadu and Uttar Pradesh? -Sruthisagar Yamunan

-Scroll.in While officials say waivers could jeopardise allocation for other key sectors, farmer unions and economists feel it is a necessity given the farming crisis. Developments in three states over the past week have brought the debate on the waiver of farm loans back under the political spotlight. In Uttar Pradesh, the newly-elected Bharatiya Janata Party government under Chief Minister Adityanath announced on Wednesday that it would write-off crop loans of up...

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Praise for 'sincere' Nitin Gadkari and his traffic reforms across parties -Avishek G Dastidar & Liz Mathew

-The Indian Express Motor vehicles amendment bill comes back from standing committee, welcomed in Lok Sabha A BILL that proposes radical reforms in traffic laws, imposing strict penalties for violations and holding vehicle manufacturers accountable for design defects, found all-round support in Lok Sabha Friday. So did Road Transport Minister Nitin Gadkari, whom Opposition MPs described as a “very good” minister who takes everyone on board. The Motor Vehicles (Amendment) Bill 2016...

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Drought takes toll on poultry sector -KV Kurmanath & Vishwanath Kulkarni

-The Hindu Business Line Soaring temperatures, transport strike add to woes in the South Hyderabad/ Bengaluru: Summer is not a great season for the poultry industry. Oppressive heat, increase in feed costs and depleting groundwater levels tell on production. This year’s drought in the southern States and transport strike have only added to the problems, resulting in a 20-25 per cent price drop. The overall cost of production has gone up by 10 per...

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In largesse we trust

-The Hindu Two separate decisions on farm loan waivers could have a domino effect Chairing his first cabinet meeting after taking over the reins in Uttar Pradesh, Chief Minister Yogi Adityanath approved a write-off on outstanding farmer loans of up to Rs. 1 lakh taken before March 31, 2016. The State cabinet also decided to waive loans worth Rs. 6,000 crore extended to small and marginal farmers that had turned into non-performing...

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