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Checking NPAs: 11 public sector banks now on RBI watchlist, small firms face credit crunch -Sunny Verma & Sandeep Singh

-The Indian Express At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the corporate sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...

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Why dogs, not hunting, threaten the future of the blackbuck today - Jay Mazoomdaar

-The Indian Express Booming Indian antelope populations threaten crops in many areas. Farmers are reluctant to strike against them, so the herds have only feral packs to fear. A couple of centuries ago, some four million blackbuck roamed the Indian landmass south of the Himalayas from undivided “Punjab to Nepal and probably in most parts of the Peninsula where the country is wooded and hilly, but not in dense jungle”. At...

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The Curious Case of MGNREGA wages -Harsha Pareek

-Hindkisan.com Alarmingly, despite wages paid under MGNREGA being much lower than the standard minimum wage in most states, increasing number of people from rural households are applying for jobs under the employment scheme. This trend is an indicator of the mounting distress in the rural economy which is aggravated by paucity of jobs. Mocking the economic condition of the distressed rural working community, the Union Government has decided to uphold the low...

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Banks are billing for your SMS alerts against RBI advisory -Atmadip Ray

-The Economic Times KOLKATA: Charges for SMS alerts on banking transactions may not squeeze account holders much but can be a reasonable earning for many banks, especially in accounts with MEAgre monthly transactions though income from SMS alert service goes against the advisory from the sector regulator. While Reserve Bank of India told banks to send SMS alerts for every transaction as MEAns to fight frauds, the regulator also directed banks to...

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What Supreme Court's dilution of SC/ST Act MEAns for Dalit women -Ragini Bhuyan

-Livemint.com Crimes against Dalit women constitute the biggest category of crimes against Dalits registered under the SC/ST Act Mumbai: A dilution of the stringent provisions of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 is going to affect Dalit women far more than men. Nearly a fifth of cases registered under the Atrocities Act are crimes against women. If one excludes the category “others” (which includes various miscellaneous crimes), crimes...

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