-MoneyLife.in National Payments Corp of India (NPCI), which is set up as a Section 25 company under the Companies Act 1956 (now Section 8 of Companies Act 2013), and is seen promoting its Unified Payments Interface (UPI)- based Bharat Interface for Money application (BHIM) app, says it should not held responsible for any loss, claim or damage suffered by the user. What is more shocking are the terms and conditions (T&C)...
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In loan waivers, 'moral hazard' and continued hope for political gains -Shaji Vikraman
-The Indian Express Urjit Patel has voiced concern publicly over the latest loan waiver — saying it engendered a moral hazard and undermined the honest credit culture. In February 1990, in the months preceding the build-up to the balance of payments crisis the next year, Madhu Dandavate, Finance Minister in V P Singh’s National Front government, announced a debt relief scheme for farmers to fulfill a promise made by the alliance in...
More »10 Years Of Damage, 42 Crores: Alleged Cost Of Sri Sri Ravi Shankar's Art Of Living Yamuna Event -Harish Upadhya & Raija Susan Panicker
-NDTV New Delhi: It will take 10 years to reverse the damage done to the Banks of the River Yamuna by a huge cultural festival organised by Sri Sri Ravi Shankar, the country's top environmental court was told today. A team of experts who have visited the area where the three-day event was held last year have said restoring the flood plain will also cost about 42 crores and take extensive...
More »Drop in pulses prices despite good rains reveals India's flawed agri policy -Abhishek Waghmare
-IndiaSpend The drop comes despite a good monsoon in 2016 A good monsoon that led to record sowing and production of pulses–especially tur dal (pigeon pea)–has almost halved their wholesale and retail prices in 2017, a year after dal prices skyrocketed to Rs 200 per kg in some cities at the end of 2015. In many state-regulated agricultural markets of major tur-producing states such as Maharashtra and Karnataka, prices have fallen to Rs...
More »Citing cow deaths, Madhya Pradesh government Bans polythene bags -Milind Ghatwai
-The Indian Express A cabinet meeting chaired by CM Chouhan endorsed an ordinance to control non-biodegradable waste to enable the Ban on polythene carry bags. Bhopal: More than three years after the National Green Tribunal recommended a Ban on polythene to protect the environment, the Madhya Pradesh government on Tuesday announced a complete Ban on polythene carry bags from May 1. The BJP government, however, cited cow deaths as one of the...
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