Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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Are Loan Waivers Not 'Freebies' to Corporates, Asks DMK In Application Before SC
-TheWire.in In an application seeking to implead itself in the 'freebies' petition, the party said in its first three years, the Narendra Modi government wrote off Loans worth Rs 72,000 crore of the Adani Group. New Delhi: The Dravida Munnetra Kazhagam (DMK), the ruling party of Tamil Nadu, said the petition on “freebies” is politically motivated and asked if the BJP-led Union government’s move to waive off Loans of companies is not...
More »Rupee Co-operative Bank’s collapse leaves many depositors in distress -Siddhi Nayak
-Moneycontrol.com Rupee Co-operative Bank's depositors are dealing with financial hardships and navigating family emergencies as they struggle to access their own money In the 1990s, Virendra Kumar Joping’s father, a small-time carpenter, came to Pune from Rajasthan to earn a living. Over the years, he saved his hard-earned money by opening a fixed deposit in Rupee Co-operative Bank. Rupee Co-operative Bank was among the trusted names in Pune. Little did the Joping family...
More »Over 500 MGNREGA Workers Protest Against Delay in Wage Payments at Jantar Mantar
-TheWire.in The workers spoke about the persistent delays in wage payments, how they did not get work when they demanded it, and how no compensation was provided when they were injured or even killed at the workplace. New Delhi: More than 500 Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers from across 15 states gathered at Jantar Mantar in the national capital on Wednesday, August 3, to protest against the delayed...
More »UP: No Govt Funds for Mid-day Meals for over 3 Months, Headmasters Forced to Raise Money -Abdul Alim Jafri
-Newsclick.in The Education Department has attributed the delay in payment to the non-release of the funds by the state Finance Department. Lucknow: Government schools in Uttar Pradesh have reportedly not received any money for mid-day meals for the last three months, preventing some schools from serving food to children under the scheme. In a few schools, teachers and gram pradhan (village head) have been spending from their own pockets or buying rations...
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