-Macroscan.org Indian Banking today is at a tipping point. Banks are burdened with non-performing assets, incurring significant losses due to provisioning and unable to sustain credit growth, and therefore changes are both necessary and inevitable. There are possible strategies with very different implications: many leading Banks could be restructured with state support and encouraged to regain the status they had as major instruments of development policy in the two decades after...

-News18.com Released by economist Jean Drèze on Saturday, the survey looked into the workings of the Direct Benefit Transfer among 244 households in 13 villages in Nagri block of Ranchi, under which residents first collect their food subsidy in cash from their Banks accounts, and then purchase rice from their ration shops at Rs 32 per kg. New Delhi: The Jharkhand government’s experiments with Direct Benefits Transfer (DBT) has left nearly 97...

  Direct Benefit Transfer (DBT) or cash transfer might appear attractive on papers, but in reality it is opposed by its beneficiaries when implemented. Something similar to this has happened in the Nagri block of Ranchi district, where cash is being transferred to the aadhaar seeded Bank accounts of beneficiaries in lieu of providing subsidized foodgrains. Cash transfers in the public distribution system (PDS) have been in operation in the Nagri block...

-The Times of India NEW DELHI: The safety and operational performance of 700 large dams across 18 states will be improved through repair and rehabilitation work over six years (2020-26) at an estimated cost of nearly Rs 7,000 crore. Some of these dams will also be developed as tourist destinations so that it can generate revenue for maintenance and create jobs for local people. The World Bank-funded project was cleared by...

-The Hindu We need stricter adherence to sound Banking rules and more transparency from public and private players The Bank frauds involving Punjab National Bank (PNB) and the companies associated with businessmen Nirav Modi and Mehul Choksi as well as the Rotomac case couldn’t have come at a worse time. The Indian Banking system is already reeling under the pressure of growing NPAs, or non-performing assets (less politely known as loans that...