-The Times of India MUMBAI: In a glaring case of apathy, ailing self-trained farm innovator Dadaji Khobragade (80), who revolutionized paddy farming by developing the high yielding variety of rice called HMT, is struggling to meet his medical expenses. His family has been forced to make a public appeal for donations for just Rs 2 lakh to pay for his hospitalisation. Khobragade, who hails from Nanded village in Nagbid tehsil of eastern...
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Demonetisation effect: Demand for cash rises 7%, says RBI -Advait Rao Palepu
-Business Standard Over the past four years, through its twin policies of Jan Dhan Yojana and demonetisation, the govt has taken necessary steps to expand banking services substantially. Mumbai: People’s demand for cash continues to head northwards compared to pre-demonetisation levels despite the frequency of digital transactions going up and a substantial increase in bank deposits since November 2016. Currency with the public (CwP), or people’s demand for cash or currency, is 7...
More »Centre allows import of pulses despite farmers sitting on huge stocks -Rajesh Bhayani
-Business Standard 1.5 million quintals of tur to be imported under MoU between India and Mozambique, even as farmers hold 4 times more Mumbai: In what appears to be another instance of farmers’ interests being hurt for no fault of their own. And this time, too, it's pulses. The year 2016-17 was a crisis year for pulses, with prices skyrocketing past the Rs 100-150 per kg mark amid crop failure. In the following years,...
More »In five years, pvt banks see 450 per cent spike in bad loans -George Mathew
-The Indian Express Among private banks, ICICI Bank, whose MD and CEO Chanda Kochhar is facing allegations of conflict of interest while sanctioning loans to the Videocon Group, topped the NPA table with Rs 54,063 crore in bad loans. Mumbai: Data over the last five years shows that private banks have been steadily accumulating bad loans, with a 450 per cent rise in gross Non-Performing Assets (NPAs) of these banks — from...
More »Close to a quarter of households in 13 states have faced corruption in 2018, shows a recent study
The present NDA government led by the BJP at the Centre came to power in 2014 on the planks of development and anti-corruption. However, contrary to PM Narendra Modi's slogan of 'Na Khaunga, Na Khaane Doonga' (meaning ‘would not take bribes, nor would let anyone accept bribe’), a new report by the Delhi-based Centre for Media Studies (CMS) shows that almost three-fourth of Indian households think that the level of...
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