Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »Bank accounts opened under Jan Dhan Yojana crosses 40-crore mark
-PTI/ The Hindu As per the latest figure, there are 40.05 crore beneficiaries of this scheme and Deposits in Jan Dhan bank accounts are in excess of ₹1.30 lakh crore. More than 40 crore bank accounts have been opened under the government’s flagship financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY), launched about six years ago by the Modi-government. As per the latest figure, there are 40.05 crore beneficiaries of this scheme...
More »Deposit insurance cover raised to Rs.5 lakh
-The Hindu The first increase in 27 years assumes significance in the wake of the crisis at PMC Bank Mumbai: The government has decided to increase the insurance cover for bank Deposits to ?5 lakh from ?1 lakh, Finance Minister Nirmala Sitharaman said in her Budget speech. This is the first time since 1993 that the deposit insurance cover has been raised. The Finance Minister assured that there was a robust mechanism in...
More »Farm Pollution: Happy Seeder produces not-so-happy results on ground -Anju Agnihotri Chaba
-The Indian Express Area under paddy stubble burning in Punjab up despite number of machines almost doubling. Jalandhar: Punjab farmers have sown 4.50 lakh hectares (lh) wheat area this time using Happy Seeders. This is nearly 13% of the total 35.08 lh planted under the rabi cereal crop in the state. Not bad, it would seem, for a relatively new technology, which allows wheat to be directly seeded in combine-harvested paddy fields...
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