-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
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Rajasthan HC bars Raje from holding public events during yatra -Rohit Parihar
-India Today Jaipur: Rajasthan High Court has banned holding of any government functions during the BJP-sponsored Suraj Gaurav Yatra undertaken by Chief Minister Vasundhara Raje. A PIL had challenged the government expenditure on the yatra because it was a party show. The PIL cited a few instances where government departments had invited tenders and deputed officials for the yatra. The BJP had submitted bills of the expenditure it has been incurring on the...
More »Pronab Sen, former Chief Statistician of India, interviewed by TCA Sharad Raghavan
-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...
More »Despite 'reform', Political Parties are getting large anonymous donations -Ruhi Tewari
-ThePrint.in Data shows 99.9% of all electoral bonds bought so far are worth Rs 10 lakh or 1 crore. These bonds do not bear name of the donor. New Delhi: Electoral bonds, brought in to make the system of political funding “more transparent”, seem to have further concentrated donations in the hands of corporates and other high net-worth donors, instead of democratising them. Nearly 100 per cent of the bonds purchased so...
More »Kerala crisis arose due to destruction of ecologically-sensitive zones in Western Ghats -Viju B
-The Economic Times A geographical analysis of areas that suffered maximum damage this monsoon show that they were all classified as ecologically-sensitive zones (ESZs) under the Western Ghats Expert Ecology Panel report (WGEEP). The report was binned by both UDF and LDF governments, with both Idukki and Thamarassery bishops throwing their weight behind the Political Parties. The UDF government even passed a resolution in the assembly rejecting the report saying that it...
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