-The Times of India NEW DELHI: India has been ranked 132 out of 152 countries in an index that rates countries by their commitment to reducing inequality. The first report edition of the index, released recently, showed that OECD countries headed by Sweden ranked the highest while Nigeria was at the bottom. The US had the highest level of inequality among developed countries, though it is the wealthiest country in history. Ironically,...
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Amma canteens set to dwindle -Aloysius Xavier Lopez
-The Hindu Fund-starved civic body mulls move Chennai: Owing to a severe fund crunch, the Chennai Corporation is now exploring the possibility of reducing the number of Amma canteens in the city. The civic body, which is unable to settle bills of contractors for completed infrastructure projects worth ?700 crore, is likely to reduce the number of canteens from 407 to 200. However, the decision to close many of these canteens has been...
More »GST: PDS shops down shutters in Shimla -Bhanu P Lohumi
-The Tribune Shimla: A large number of ration cardholders have been deprived of subsidised ration due to the closure of fair price shops ever since the rollout of the GST. In Shimla, shutters on more than 50 per cent shops under the public distribution system (PDS) are down with a notice that the sale had been closed due to the GST. Consumers are taking rounds of the PDS shops, but no ration is...
More »Loan waiver alone not the panacea for Maharashtra farmers' woes: Experts -Rahul Wadke
-The Hindu Business Line High inputs costs, low price for produce and water scarcity are major challenges Mumbai: Despite the Rs. 34,000 crore farm-loan waiver in Maharashtra, farmers’ lives are unlikely to change for the better as they will continue to be up against familiar problems such as high input costs, low prices for their produce, and scant water availability, say farm sector experts. They are of the opinion that the core issues...
More »Industry, not farm loans, responsible for majority of NPAs: report -Beena Parmar
-MoneyControl.com As per data from 2011 to 2016, the agriculture loan NPAs stood between 4-6 percent while the industry NPAs have consistently increased sharply from nearly 3 percent to 12 percent in 2016. Despite criticism on farm loan waivers, a data study shows that the increase in non-performing assets (NPAs) is contributed more by the industry than the agriculture sector. According to a study report by Anand Rathi, in terms of contribution to...
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