-Newsclick.in LIC’s bad loans bulged by 145% in the last five years to Rs 30,000 crore in September 2019. Life Insurance Corporation of India (LIC) has been struggling with rising non-performing assets (NPAs) and downgraded investment portfolio of Rs 67,387 crore, reveals the insurer’s latest public disclosure figures. The biggest public insurer has been witnessing a deteriorating health since 2014, significantly due to massive investments in Cash-strapped public and private entities pushed...
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Move to Cash transfers will lead to savings, put agriculture on sustainable growth path -Ashok Gulati
-The Indian Express All such investments will go a long way to augment farmers’ incomes in a sustainable manner. Else, I am afraid, much of the talk in the Union budget for agri-reforms will remain mere rhetoric. Although the Union budget is basically an accounting exercise of revenues and expenditures for the coming year, economy-watchers anxiously wait for the finance minister to announce major economic reforms. In that sense, the budget of...
More »Budget 2020-21: Will MGNREGA become an overarching rural development scheme -Richard Mahapatra
-Down to Earth The upcoming budget will see many schemes being brought under the rural employment programme; a direct Cash transfer may be declared to top this up Union Budget 2020-21 will be a landmark for Prime Minister Narendra Modi. Not just because India is going through an economic slowdown, but also for the fact that it will herald a countdown for many of his ambitious promises that come with prime ministerial...
More »Fortis, Max hospitals to stop Cashless treatment if Modi govt doesn't clear dues in 15 days -Himani Chandna
-ThePrint.in The government is yet to settle dues of Rs 650 crore and the hospitals have claimed to be hard-pressed for resources. New Delhi: Top private hospitals, including Fortis, Max, BLK and Medanta, warned the Narendra Modi government Thursday of suspending the Cashless treatment under the Central Government Health Scheme (CGHS) and Ex-servicemen Contributory Health Scheme (ECHS) if their dues are not paid within the next 15 days. The government is yet...
More »Rs.2,000 note is the preferred mode for unaccounted Cash, says govt data -Shishir Sinha
-The Hindu Business Line Almost half the unaccounted Cash seized this fiscal was in this denomination: Tax data New Delhi: The Rs.2,000 note seems to be the key tool for unaccounted income and assets. According to the latest Income Tax data, little less than half of the unaccounted Cash seized during this fiscal was in the denomination of the maximum value. It was more than 60 per cent during the last two fiscals. As...
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