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How DBT is causing tremendous inconvenience and why most people are unhappy with it

-CounterView.org A survey, coordinated by well-known academic Jean Drèze and researcher Nazar Khalid, has found an overwhelming popular opposition to the direct Bank transfer (DBT) experiment in Jharkhand. Details of the survey: Glitches in the system have deprived people of nearly half of their food rations in the last four months. When they do get their rations, people spend 12 hours collecting them, on average. Most people are opposed to the new...

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Currency circulation in India at 99% of pre-demonetisation level: RBI data -Alekh Archana

-Livemint.com Mumbai: Currency in circulation in India stood at Rs17.78 trillion as on 16 February, reaching 98.94% of the pre demonetisation level, according to the latest data released by the Reserve Bank of India (RBI). On 4 November 2016, the latest data released by the central Bank before high-value Banknotes were invalidated on 8 November, the currency with the public was Rs17.97 trillion. Subsequently, it dropped to a low of Rs8.98 trillion...

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Aadhaar-for-food can't be a mandatory requirement -Swati Narayan

-Hindustan Times Prioritise universal access of food grains since those dying of starvation are mainly the marginalised Forty-four-year-old mother, Amir Jahan, epitomised gallantry this Republic Day. There was not a morsel of food at home. So, while the nation celebrated, she quietly borrowed six rotis from a neighbour and distributed them equally among her three daughters, though she hadn’t eaten for four days. That night Amir died of starvation. In the first month...

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Growing tomatoes: A gamble on the market -Harish Damodaran

-The Indian Express Tomatoes from Kolar are even exported to countries like Dubai and Bangladesh. Kolar (Karnataka): He has grown tomatoes on just 10 gunthas or 0.25 acres, but hopes to net at least Rs 1.5 lakh from selling the fruits during the coming summer months. “I am confident about my yields, which should be roughly 12 tonnes. My production cost would work to Rs 75,000. If I get Rs 19-20/kg, my profit...

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PNB lost four times more money than SBI did to 'jewel thieves' -Chethan Kumar

-The Times of India BENGALURU: Highly cash-dependent traders in gems and diamonds have cost Banks at least Rs 5,000 crore through 90 defaults, Bank-wise and company-wise data on wilful defaulters compiled by the Federation of Bank of India Staff Unions (FBISU) shows. The top loser is PNB, with just nine defaulters but a loss of Rs 1,790 crore — four times the amount SBI lost. SBI reported the most number of wilful defaults...

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