-Livemint.com Farm loan waivers will strain the finances of states, and harm both farmers and banks over the long run In its policy statement released last week, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) pointed out that the implementation of farm loan waivers across states could hurt the finances of states and make them throw good money after bad, and stoke inflation. How much of an impact will...
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Rural job wage delay
-The Telegraph New Delhi: Four in every five workers under the Mahatma Gandhi National Rural Employment Guarantee Act do not get wages on time because of "flawed guidelines", a study released today found. Although the 100-day job scheme provides for payment of compensation of 0.05 per cent of the unpaid wages per day for the period of delay, nearly 33 per cent of the workers do not get any compensation while 47...
More »ATM expansion slows due to note ban -Manojit Saha
-The Hindu Replacement of systems more than 7 years old, Centre’s digital push lead to cutting down on new installations A combination of factors, including cash crunch following demonetisation of high value notes announced in November last, have led to commercial banks cutting down on the number of automated teller machines (ATMs) particularly those not located in branches (off-site ATMs), latest RBI data showed. According to Reserve Bank of India (RBI), there were...
More »Over 37% of schools in India have no electricity
-The Times of India NEW DELHI: In an indicator of the state of school infrastructure in the country, Centre told the Rajya Sabha on Thursday that over 37% of schools did not have electricity connections till March 2017. While only 62.81% schools in the country have electricity connections, Jharkhand is at the bottom of the list with just 19% schools in the state having access to electricity. The national capital along...
More »100 bridges across the country can collapse anytime: Transport minister Nitin Gadkari
-The Times of India (with PTI inputs) NEW DELHI: Over 100 bridges in different parts of the country are on the verge of collapse and need immediate attention, union transport minister Nitin Gadkari said in the Lok Sabha on Thursday. The startling information came to light after the Ministry of Road Transport and Highways completed a safety audit of 1.6 lakh bridges in the country and more than 100 structures were found to be...
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