-Deccan Chronicle The RTI Act provides for a two-stage dispute resolution process. Mumbai: The Central Information Commission (CIC) has directed the RBI to disclose the list of big loan defaulters it had sent to various Banks for resolution. The CIC's directive came while deciding on a plea by an RTI activist, who had based the Right to Information application on media reports that RBI Deputy Governor Viral Acharya in a lecture in 2017...
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Government's key agenda must be to accelerate growth -C Rangarajan
-The Hindu Only a fast-growing economy can generate surpluses needed to create jobs and sustain social safety nets Now that the general election is over, the time has come to pay serious attention to the economy. The national income numbers continue to be controversial. No serious policy decision can be taken with ambiguous numbers. Nevertheless, even with the new official numbers it is clear that growth is slowing down. As in the...
More »Are farm loan waivers a political gimmick? -Vikas Dhoot
-The Hindu Several interventions are needed on the demand and supply side to alleviate farm distress Loan waivers remain the preferred solution for governments to tackle farm distress. S. Mahendra Dev and M. Govinda Rao talk about the inability of governments to think of long-term solutions to tackle farm distress, in a discussion moderated by Vikas Dhoot. Edited excerpts: * Despite farm productivity rising, severe distress in the sector is a concern. How...
More »Under PM Kisan Scheme, Why is Money Credited Into Some Farmers' Accounts Quickly Deducted? -Dheeraj Mishra
-TheWire.in Documents obtained through RTI requests shed more light on complaints by farmers that money deposited under the PM Kisan scheme was immediately debited by the Banks. New Delhi: A right to information (RTI) query filed by The Wire has revealed that crores of rupees credited into farmers’ accounts under the Modi government’s ambitious PM Kisan Samman Nidhi (PM-Kisan) scheme were reversed within a few hours. The BJP has been championing the...
More »Public sector Banks' long-term strategy on Jan Dhan begins to pay off -TCA Sharad Raghavan
-The Hindu Total deposits in the last three years have grown by over 2.5 times to Rs. 98,400 cr. Public sector Banks stand to earn as much as Rs.5,000 crore due to the increasing quantum of deposits placed in Jan Dhan accounts, and can vastly monetise this resource once they start implementing advanced analytics and begin lending to these customers, according to industry players and analysts. Over the last three years, the number...
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