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Mining sector -- unburdening the legacy issues -Richa Mishra

-The Hindu Business Line The government plans to bring in structural reforms in this crucial sector. But the devil lies in the detail India has huge mineral deposits, but the country’s mining sector is still suffering from legacy issues. Making a fresh attempt for a course correction, the Union Cabinet recently approved a blueprint to usher in reforms in the mining sector. This blueprint, which will be presented in the coming Parliament session,...

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5 charts that need Gujarat CM’s attention more than dragon fruit -Rashmi Kundu and howindialives.com

-Livemint.com Gujarat has high per capita income and an enviable industrial sector. But it has a lot of progress to make on health and other social parameters  Earlier this week, the Gujarat government renamed the dragon fruit as Kamalam, its explanation being that its outer shape resembles that of a lotus. This symbolic act has drawn criticism for the state’s priorities, especially during a global pandemic. Here are five areas of greater...

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Delhi survey: 10% kids out of school, 80% homes don’t have computers -Sourav Roy Barman

-The Indian Express Nearly three-fourth of the population depends on government facilities; of the 2.60% who suffer from chronic illnesses, most have diabetes. # Two lakh children remain “out of school”, including 64,813 due to “financial constraints”. # Over six lakh between 0-6 years are outside the net of anganwadis, which cover less than half of Delhi’s pregnant women. # Over 63% people use buses for commuting, while only 6% depend on the flagship...

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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...

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How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya

-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher...

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