-The Times of India CHENNAI: Unemployment RATe in the country rose to 6.9% in October, the highest in two years, according to the Centre for Monitoring Indian Economy. Worse still, the labour participation RATe – a measure of the proportion of adults willing to work – fell to 42.4%, the lowest since January 2016, CMIE said. “Labour participation RATe fell sharply after demonetization”, from around 47-48%, “and it has still not recovered,”...
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Explained: How 100 frauds hit banks -Rahul Tripathi
-The Indian Express CVC report analyses 100 major frauds on public sector banks, committed by borrowers from 13 sectors. Among them, an aviation firm that got loans based on its brand name in spite of a poor credit RATing; and jewellers who allegedly inflated value of diamonds and submitted fake details on debtors. New Delhi: The Central Vigilance Commission (CVC) recently came out with a report that analyses the top 100 bank...
More »Rajan backs Urjit on differences with Centre, says RBI board role worrisome, shouldn't intervene in ops
-The Times of India MUMBAI: Embattled RBI governor Urjit Patel’s predecessor Raghuram Rajan has come out in support of professionals leading the central bank, stating the regulator’s board should only ensure governance, not intervene in opeRATional decisions. “The RBI’s board is not an opeRATional board. It is not led by professional supervisors or central bankers. These are all people from different walks of life whose main role is to play the wise...
More »No respite from poverty for Muslims -Irfan Ahmad & Santosh Mehrotra
-The Hindu Government intervention is required to improve educational and economic indicators The National Sample Survey Office (NSSO) labour force survey reports that the economic condition of Muslims does not show any signs of improvement despite India being the fastest-growing large economy. An analysis of the data on economic and educational indicators for various religious groups reveals that Muslims are facing a vicious circle of poverty. Lowest education levels The NSSO’s 68th round (2011-12)...
More »Where prejudice is crime -Vrinda Grover
-The Indian Express Hashimpura verdict highlights the bias within police against religious minorities. It is a chilling coincidence that on October 31, a date that marks the assassination of Prime Minister Indira Gandhi in 1984 and the unleashing of state-engineered violence against the Sikhs, the Delhi High Court held 16 policemen of the 41st Battalion of UP Provincial Armed Constabulary (PAC) guilty of “the targeted killing by armed forces of the unarmed,...
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