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Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew

-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...

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M Govinda Rao, ex-Director, National Institute of Public Finance and Policy (2003-13), interviewed by S Rajendran (The Hindu)

-The Hindu Centre for Politics and Public Policy Prime Minister Narendra Modi's announcement demonetising high denomination notes on November 8, 2016, will do little to address the prime objective of flushing out black money but will adversely affect the economy in the short term, especially the informal sector, which is predominant in India, says M. Govinda Rao, a Member of the Fourteenth Finance Commission and Emeritus Professor, National Institute of Public...

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In 10 years, groundwater level in Maharashtra fell in 70 per cent of monitored wells -Zeeshan Shaikh

-The Indian Express The fourth Minor Irrigation census, conducted in 2006-07, said there were over 21.5 lakh wells and borewells across Maharashtra. Mumbai: The abundant monsoon this year may have brought cheer to the state, but long-term supply of water remains a cause for concern. Data from wells monitored by the Central Ground Water Board (CGWB) in Maharashtra has shown that water level has declined in 70 per cent of such wells....

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To breathe fresh air, opt for better agricultural technology

Delhi's air is not fit to inhale. Experts argue that prolonged exposure to toxic air could lead to serious health hazards like heart and lung diseases, various types of cancer etc. But is it the case that the smog, which engulfed the entire National Capital Region (NCR) and many of the north Indian cities during October-November was entirely caused due to burning of firecrackers in Diwali or because of vehicular...

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Straws in the wind -Elumalai Kannan

-The Hindu Paddy stubble, unlike wheat residue, isn’t valuable animal feed. Incentivising biomass-based power plants in Punjab and Haryana will help north India breathe easier. Delhi has registered its worst air quality in recent times. This has prompted Chief Minister Arvind Kejriwal to call it a “gas chamber”. Pollution in different parts of the capital has touched hazardous levels with potentially serious health effects on the rich and poor alike, especially on...

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