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RBI: Loan defaults by small businesses double in a year -George Mathew

-The Indian Express RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year. Mumbai: MICRO AND small businesses continue to struggle in the wake of demonetisation and implementation of the Goods and Services Tax (GST), with the latest RBI figures...

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Despite boom, govt bans all livestock exports from ports indefinitely -Gopal B Kateshiya

-The Indian Express The Ministry of Shipping has decided to ban the export of livestock from all sea ports in the country for an indefinite period following representations from animal rights activists. Rajkot: The Union Ministry of Shipping has decided to ban the export of livestock from all sea ports in the country for an indefinite period following representations from animal rights activists, Union Minister of State for Shipping, Mansukh Mandaviya, told...

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Modi govt's ad spend could feed 46 million children mid-day meal for a year -Shreya Raman

-Business Standard/ India Spend The BJP-led government spent Rs 4,880 crore ($753.99 million) on advertising its flagship schemes in the 52 months between April 2014 and July 2018 Mumbai: Midday meals for 45.7 million children for a year. One day’s wages for 200 million workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS). About 6 million new latrines. And at least 10 more Mars missions. These were some of the things...

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Attempts Being Made to Dilute Anti-Corruption Laws, AP Shah Writes to Modi -Gaurav Vivek Bhatnagar

-TheWire.in The letter by the former Delhi chief justice highlights the dangers of decriminalising the Companies Act, introducing electoral bonds, weakening the RTI Act and not implementing of the Lokpal Act and Whistleblowers Protection Act. New Delhi: In a letter sent to Prime Minister Narendra Modi, former chief justice of Delhi high court and noted rights activist A.P. Shah has lamented that “instead of increasing transparency and accountability and making the deterrents...

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RTI bill on hold, changes sneak in

-The Telegraph New Delhi: Forced to defer introduction of the Right to Information (Amendment) Bill, 2018, in the face of stiff opposition in Parliament and outside, the Narendra Modi government appears to have brought it into effect without parliamentary approval through an advertisement. On July 26, the department of personnel, public grievances & pensions issued an advertisement for appointment of information commissioners in the Central Information Commission (CIC) that said the "salary,...

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