-The Indian Express The panel members have planned to ask Urjit Patel questions regarding RBI's preparedness for digital transition. They will also question about how much money has come back into the system after the November 8 decision to place the existing currency notes of Rs 1000. Reserve Bank of India (RBI) Governor Urjit Patel will appear before the Parliamentary panel on Wednesday to respond to clarifications demanded by the panel on...
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Settlement of claims under crop insurance plan delayed by states: Radha Mohan Singh -Sayantan Bera
-Livemint.com States like Bihar and Kerala did not deposit their share of insurance premium on time, delaying payments to farmers, says agriculture minister Radha Mohan Singh New Delhi: Due to states delaying assessment of crop loss, settlement of claims under the centre’s flagship crop insurance scheme is getting delayed, agriculture minister Radha Mohan Singh said on Wednesday. The minister also complained that some states like Bihar and Kerala did not deposit their...
More »Non-availability of machines slowed down counting of withdrawn notes: Urjit Patel -AM Jigeesh
-The Hindu Business Line Remonetisation taking place at a good pace, RBI Governor tells House panel New Delhi: RBI Governor Urjit Patel told the Parliamentary Standing Committee on Finance that the non-availability of the currency verification processing system (CVPS) machines is one reason why the counting of demonetised notes is not yet done. Though he painted a rosy picture of the digitisation process in the country post-demonetisation before the panel, figures presented by...
More »1.5 Million Jobs Lost During First Four Months of 2017, Says CMIE
-TheWire.in While this is likely a side-effect of demonetisation, more research is needed to unpack how India’s unemployment rate fell in January-April 2017. New Delhi: The Modi government’s demonetisation decision may have resulted in the loss of roughly 1.5 million jobs, according to new survey data put out by the Centre for Monitoring Indian Economy (CMIE). CMIE’s data is based on the result of consecutive waves of household surveys performed from January 2016...
More »CAG to audit Noida, Greater Noida, Yamuna Expressway authorities
-PTI PM Narendra Modi had alleged large- scale corruption in the Ghaziabad Development Authority during the UP Assembly election campaign Lucknow: The Uttar Pradesh government has ordered CAG audit of three industrial development authorities—Noida, Greater Noida and Yamuna Expressway—which are facing allegations of irregularities and corruption. The controversy over allowing CAG access to these authorities had erupted during the UP Assembly election campaign when Prime Minister Narendra Modi had alleged large- scale corruption...
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