-Livemint.com Despite early steps, India could not stave off the surge because of later mis-steps and legacy issues in health and administrative capacity With more than five million cases, India is now emerging as the epicentre of the covid-19 pandemic. India has already overtaken Brazil in terms of total confirmed cases, and at the current trajectory, will surpass the US within four weeks. Given that the US and Brazil are closest to India...
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More than Rs 1 lakh crore worth of Rs 2,000 notes vanish in one year, shows RBI data
-Financial Express The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from Rs 6.5 lakh crore in the previous fiscal year 2018-19. Rs 1.1 lakh crore worth of high denomination notes of Rs 2,000 vanished from the system in just one year. The overall value of Rs 2,000 notes significantly fell to Rs 5.4 lakh crore in the fiscal year 2019-20, from...
More »Rs 750 for burnt restaurant, Rs 8,500 for store: Delhi Assembly panel flags gaps in riot relief -Sourav Roy Barman
-The Indian Express Over six months after the riots, the Delhi government faces charges of delays, mismatches and false rejections over its compensation disbursal to victims and their families. New Delhi: After his small restaurant in Gokulpuri was vandalised and looted during the Northeast Delhi riots, Usman Ali sought Rs 3 lakh in damages from the state government. He was paid Rs 750. Days into her pregnancy, on February 25, Gulzeb Parveen’s husband...
More »90,000 ineligible beneficiaries under PM-KISAN Nidhi scheme identified in Villupuram district
-The Hindu As of Sunday, around ₹7.5 crore in cash credited into the bank accounts of 20,500 ineligible beneficiaries had been recovered VILLUPURAM: The Department of Agriculture has identified as many as 90,000 ineligible beneficiaries under the PM-KISAN Nidhi scheme in the district and recovered ₹7.5 crore so far. A senior official on anonymity said that out of the 90,000 ineligible beneficiaries, as many as 38,000 were from Villupuram district while 60,000 were...
More »Explained: Forex reserves at all-time high — why did this happen, and what does it mean for India’s economy? -George Mathew and Sandeep Singh
-The Indian Express The current situation stands in stark contrast to the one in 1991, when India had to pledge its gold reserves to stave off a major financial crisis. In March 1991, India had forex reserves of a mere $5.8 billion; today, the country can depend on its soaring foreign exchange reserves to tackle any crisis on the economic front. India’s foreign exchange (forex) reserves surged by $3.883 billion to touch...
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