-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
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With 45% of Indians excluded from the food security net, it’s time to univeralise the PDS -Swati Narayan
-Scroll.in Poverty is growing, thanks to the Covid-19 economic slowdown. It’s time for the Centre to provide subsidised foodgrains to most Indians. Have you ever closely watched ants foraging for food in the kitchen with remarkable ingenuity, teamwork and dedication? They meticulously gather food – crumbs and grains of sugar – to re-distribute to the entire colony. In addition, they store excess morsels to tide over future shortages. Bees are equally industrious....
More »The Great Petro Robbery - Subodh Varma
-Newsclick.in Modi government has been mercilessly hiking up taxes on petrol and diesel to take money from the people and boost its resources. Since the prices of petroleum products were deregulated some years back and supposedly “linked” to markets, the central government has weaponised this to simply impose an indirect tax burden on the people. Take the four big metros: Delhi, Mumbai, Kolkata and Chennai. On an average, petrol prices have increased from...
More »Modi government’s ‘One Nation, One Ration’ is an attempt to deflect attention from actual solutions -Reetika Khera
-Scroll.in It is technologically possible, but the real question is whether it is implementable. Since March 22, the day of the “janata curfew”, mainstream media in India has foregrounded the situation of urban workers like never before. Mainstream and social media has been flooded with videos and images of people walking as well as of urban workers who were stuck in hostile cities without food, even water and shelter at times. An exhausted...
More »200 Plus Days - Farm Laws, Farmers and Food -SG Vombatkere
-TheCitizen.in The Farmers’ agitation starting November 26 2020, was against three Farm Laws. The Essential Commodities Amendment Act, 2020, (ECA Act) is one of them. ECA Act amends the Essential Commodities Act, 1955, (EC Act) enacted “in the interest of the general public, for the control of the production, supply and distribution of, and trade and commerce”, and more precisely, “for controlling the rise in prices or preventing the hoarding of any...
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