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Government withdraws order on rate cut on small savings schemes -Vikas Dhoot

-The Hindu This is the first time that the Centre has scrapped the notified interest rates on small savings schemes after switching to a quarterly interest rate setting system in April 2016. Hours after notifying significant cuts in small savings instruments’ returns for this quarter, the government has backtracked on these sharp cuts. This is the first time that the Centre has scrapped the notified interest rates on small savings schemes after...

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Mining sector -- unburdening the legacy issues -Richa Mishra

-The Hindu Business Line The government plans to bring in structural reforms in this crucial sector. But the devil lies in the detail India has huge mineral Deposits, but the country’s mining sector is still suffering from legacy issues. Making a fresh attempt for a course correction, the Union Cabinet recently approved a blueprint to usher in reforms in the mining sector. This blueprint, which will be presented in the coming Parliament session,...

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Explained: Balance sheet of a bad bank -Sunny Verma and George Mathew

-The Indian Express As the problem of non-performing assets persists in a sector stressed by the pandemic, the RBI Governor has agreed to look at a proposal for creating a bad bank. What are the arguments for and against the concept? Mumbai, New Delhi: The idea of setting up a bad bank to resolve the growing problem of non-performing assets (NPAs), or loans on which borrowers have defaulted, is back on the...

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In rural India, over-reliance on digital technology has worsen financial exclusion -Rajendran Narayanan and Sakina Dhorajiwala

-The Indian Express A technological intervention must have a governance framework in which protection of rights must be fundamental and which provides more choices to the marginalised. Remember the early days of the internet, when it took several minutes to connect to the web through a dial-in modem? Or when you had to wait in line at an STD booth to make an outstation call? Since then, we have made massive strides...

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Govt to release next Deposits of PM-KISAN on 25 December amid farmers' protest

-Livemint.com * The govt will transfer more than ₹18,000 crores to over 9 crores beneficiary farmer families on 25 December * Under the PM-KISAN, a financial support of ₹6,000 per year is provided to all registered farmers across the country in three equal installments Prime Minister Narendra Modi will release the next instalment of finance benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on 25 December via video conferencing, Prime Minister's Office said...

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