-Scroll.in Scroll.in reporters fanned out across the country to uncover the reasons for the crisis. India’s current cash crunch is a real enigma. To begin with, there is its sheer unprecedented nature. In all the years since Independence, India has never seen something like it. “We have heard of coin shortages but never a cash shortage,” said MS Sriram, visiting faculty at the Indian Institute of Management-Bangalore’s Centre for Public Policy. “I...
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Cash crunch continues in many states, but banks say situation improving
-Hindustan Times Empty ATMs and complaints reported from Patna to Haridwar. ATMs in Bihar, Madhya Pradesh, Uttarakhand and Gujarat ran empty on Wednesday, but banks said cash flow had improved a day after people in many parts of India struggled to get money in their hands. Public lenders State Bank of India (SBI), Punjab National Bank, Canara Bank and privately owned Axis Bank said in separate statements that only few of their ATMs...
More »NREGA spending up, beneficiaries fewer -Basant Kumar Mohanty
-The Telegraph New Delhi: The government's spending on the rural job scheme increased 10 per cent in the last fiscal despite a matching decline in the number of beneficiaries because of deletion, challenging claims that weeding out bogus card-holders helped cut down on expenditure and pointing to the lack of jobs in rural areas. After verification, the government struck off the names of 1.62 crore job card-holders under the Mahatma Gandhi National...
More »19 varieties of rice in 10 acres, NGO shows the way -Abha Goradia
-The Times of India NAGPUR: Reviving the debate once again over local indigenous variety versus the ones promoted by agriculture universities, an NGO Gramin Yuva Pragatik Mandal (GYPM) took up the challenge to prove that local indigenous seeds were more effective and scripted a success story. In the process, the NGO not just proved its claim right but also produced 19 traditional varieties of rice on a 10-acre plot within a...
More »Economic Graffiti: Why morality matters to economics -Kaushik Basu
-The Indian Express To deal with corruption, it is not enough to just get fiscal policies right. It is in our collective long-term interest to nurture individual values. I went to an optometrist last week, who gave me one of those cards to read where the font starts out large and then gets progressively small, to test your reading capacity. In this case what was interesting was the content of the card....
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