-The Times of India NEW DELHI: The Centre will pursue more mergers in the state-run banking space as the aim is to have a handful of strong and bigger banks of international level, finance minister Arun Jaitley has said. "Today banking is not what it used to be 10-20 years ago... Is it necessary to have 30-32 public sector banks, some of them weak? Obviously not. What will you do with...
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Beyond bull: Why new restriction on cow slaughter will hurt India -Kunal Pradhan
-Hindustan Times When the Government of India issued an ‘extraordinary’ notification on Tuesday, restricting the sale of cattle for slaughter in animal markets and imposing rules that put a majority of the country’s animal markets in danger, it willy-nilly hit much more than the meat industry. New Delhi: It is easy to frame rules banning the slaughter of the cow, its progeny, its distant cousin the water buffalo, and its passing acquaintance...
More »Meat curbs shadow on milk supply -Anita Joshua
-The Telegraph New Delhi: The government's ban on cattle and buffalo sales for slaughter in animal markets will hurt not just meat sellers but also farmers across communities and could spark a milk shortage, meat dealers today said. "This is a very impractical move. It is totally anti-farmer," said Yusuf Quraishi, president of the Uttar Pradesh unit of the All India Jamiat-ul-Quraish. Most of those engaged in slaughtering animals are Muslims from...
More »GST rate: Fertilizers to come under 12% tax slab, prices likely to rise -Sayantan Bera
-Livemint.com The GST Council has fixed a 12% GST rate on fertilizers, up from the current 4-8% rates, depending on raw materials used and in which states the products are sold New Delhi: India’s landmark tax reform, the goods and services tax (GST), may not be good news for farmers. Retail prices of commonly used fertilizers and micronutrients are likely to increase, not only raising the cost of cultivation but also leading...
More »Hazards of relying on labour bureau's employment data to evaluate job creation -Roshan Kishore
-Livemint.com A detailed look at Labour Bureau’s Quarterly Employment Survey (QES) methodology and design suggests that one shouldn’t read too much in these numbers New Delhi: Opposition parties and many commentators have been citing the Labour Bureau’s Quarterly Employment Survey (QES) numbers to attack the government over failure to generate employment). How credible are such claims? A detailed look at QES methodology and design suggests that one shouldn’t read too much in...
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