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How to save Kisan Credit Cards from becoming an easy tool for money laundering -Sanganagouda Dhawalgi

-Financial Express Recently, former RBI Governor Raghuram Rajan cautioned the government that Kisan Credit Cards (KCC) can be a potential credit risk for the economy. Recently, former RBI Governor Raghuram Rajan cautioned the government that Kisan Credit Cards (KCC) can be a potential credit risk for the economy. Rajan’s caution be that as it may, one thing is certain that today KCC has become a tool in the hands of several...

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Cong Jan Dhan gripe

-The Telegraph World Bank report suggests that 33% of the Jan Dhan accounts were opened by people who already had bank accounts New Delhi: The Congress on Thursday said the Jan Dhan accounts, one of Prime Minister Narendra Modi’s flagship programmes, were “an exercise in mass deception”, aimed at creating propaganda tools for “self-praise” RATher than the avowed objective of financial inclusion of the poor. “By December 2016, twenty-four per cent of the...

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What has driven India's poverty reduction? -Arjun Srinivas

-Hindustan Times 55 % Indians were classified as poor by the MPI methodology in 2005-06. India halved its poverty RATe in the next 10 years. In absolute terms, the number of poor fell from 630 million to 360 million during this period. New Delhi: Improved nutrition, better sanitation and increased asset ownership have halved India’s poverty RATe between 2005-06 and 2015-16, according to a study by the Oxford University. In the 10-year...

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RTI confirms Rajan sent PM Modi list of bank defaulters in February 2015 -Dheeraj Mishra

-TheWire.in/ Business Standard Asked what action was taken after receiving Rajan's list of NPA defaulters suspected of fraud, the PMO replied that this information does not fall within the scope of RTI New Delhi: Information disclosed in response to an RTI request made by The Wire has confirmed that former Reserve Bank of India governor Raghuram Rajan indeed notified Narendra Modi of the need to probe key defaulters as early as eight...

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India's neglected groundwater crisis -Ashwin MB

-Livemint.com Systematic analysis of groundwater conservation methods must be conducted to forestall the water crisis India’s over-exploitation of groundwater is contributing to—as stated by NITI Aayog—“the worst water crisis in its history”. Groundwater is one of the most important water sources in India accounting for 63% of all irrigation water and over 80% of the rural and urban domestic water supplies. In fact, the United Nations Educational, Scientific and Cultural Organization (UNESCO)...

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