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Bank Frauds Zoom to Rs 71,500 Crore in 2018-19

-PTI A total of 6,800 cases of fraud were reported by scheduled commercial banks and some financial institutions in last fiscal, the RBI said in an RTI query. New Delhi: Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India (RBI) has said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, it said. As...

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The sum and substance of the jobs data -Sonalde Desai

-The Hindu Rising unemployment must also be seen as a function of rising education and aspirations The report from the Periodic Labour Force Survey (PLFS) is finally out, garnering a lot of attention based on selective reading of tables and spurring partisan debates. In particular, the staggering increase in the unemployment rate, from 1.7% in 2011-12 to 5.8% in 2017-18 for rural men and from 3.0% to 7.1% for urban men, has...

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Govt. to offer extra subsidised foodgrain -Dipak K Dash & Sidhartha

-The Times of India NEW DELHI: The government is set to offer additional foodgrains at subsidised rates to offload Massive stocks piled up in granaries due to a liberal support price regime and also add a kilo of sugar to the monthly ration for beneficiaries under the National Food Security Act (NFSA). Over the next few days, the Union Cabinet is expected to decide on providing additional 2 kg grains to every...

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Free birth, death papers for south Delhi residents -Paras Singh

-The Times of India NEW DELHI: With parties gearing up to enter ‘election mode’ for assembly elections, politicians are not leaving any stone unturned to woo voters. The BJP-led south corporation has cleared the proposal to make the process of issuance of birth and death certificates free of cost. According to the proposal, the certificates will be available via websites and through zonal offices without paying any charges. The move, if implemented,...

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Cities at crossroads: Federalism for the city -Isher Judge Ahluwalia

-The Indian Express In his second term, Prime Minister Modi can ensure better urbanisation through greater devolution of power, and finances, to urban local bodies. As Prime Minister Narendra Modi begins his second term with an even larger political mandate, it is time to reflect on what should be the priorities in fixing our cities. The scale of the challenge is Massive whether we look at the availability of clean drinking...

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