-Newsclick.in ‘In fact, this is a common practice adopted by majority of builders/developers which is basically an unfair trade practice,’ the NCDRC had said in its order. In a significant victory for home-buyers the Supreme Court dismissed a builder’s appeal on January 12 and upheld the National Consumer Disputes Redressal Commission’s (NCDRC) ruling in favour of a home-buyer. It had held that the builder’s demand for more Money over the contractual sale,...
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First rice, now wheat: India rides on global grain trade bandwagon -Harish Damodaran
-The Indian Express The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years After rice, India is set to turn a major exporter of wheat as well – thanks to surging international prices from Chinese stockpiling and ultra-low interest rate...
More »RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital
-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...
More »Forget the IAS, India Needs a Rural Administration Service -Ranjit Sabikhi
-TheWire.in Development administration is a specialised job. At present, bureaucrats are transferred from one department to another with little attention to whether they have knowledge of agriculture or industries. The new year calls for a basic change in priorities – a need to focus on the development of rural areas. The current farmers’ agitation has thrown into sharp relief the failure of the government to understand the concerns of a large section...
More »East of Delhi, the other protest: UP’s sugarcane farmers awaiting dues -Harish Damodaran
-The Indian Express Non-payment of last season’s dues and no SAP being declared for 2020-21, with more than two months of crushing over, can emerge as a potential flashpoint in the ongoing farmers’ agitation. New Delhi: The farmers’ agitation, until now, has been about Punjab and Haryana, wheat and paddy, and concerns over the future of minimum support price (MSP)-based procurement and agricultural produce market committee mandis. But there’s one elephant in the...
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