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Despite note-ban, rural wages on a steady climb in Nov: Nomura

-PTI Mumbai: Defying the impact of the note-ban which has yanked down consumer sentiment, rural wages have been on a steady upward spiral, rising by 7.3 per cent in November, suggesting a likely release of pent-up demand after demonetisation, says a report. “Nominal rural agricultural wages rose to 7.3 per cent year-on-year in November, from 6.9 per cent in October, remaining well above the previous 12-month average of 4.8 per cent,” Japanese...

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The solution to saving native cattle breeds lies in organic farming practices, not jallikattu -Aparna Rajagopal

-Scroll.in A farmer describes her efforts to preserve 12 breeds of draught as well milch indigenous cattle. On Monday, the so-far peaceful protests against jallikattu on Chennai’s Marina Beach turned violent as the police sought to clear agitators from what had become ground zero of the movement against the Supreme Court ban on the bull-taming sport. Though an ordinance cleared on Saturday allowed the sport to take place this Pongal, the controversy...

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Cash withdrawal curbs may be lifted by Feb. -end

-The Hindu With the cash crunch situation easing, Reserve Bank of India may do away with the weekly withdrawal limits from banks as well as ATMs by the end of next month, bankers said. The RBI had recently raised the ATM withdrawal limit to Rs. 10,000 a day but maintained the weekly cap at Rs. 24,000 for savings account and Rs. 1 lakh for current account holders. “I think the restrictions on withdrawal...

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Rolling back Ordinance Raj -Suhrith Parthasarathy

-The Hindu The Supreme Court’s verdict that ordinances are subject to judicial review, and do not automatically create enduring effects, places a timely check on a power rampantly abused by governments On January 2, in one of many judgments delivered on its first working day of the year, the Supreme Court, in Krishna Kumar Singh v. State of Bihar, made a series of pronouncements with potentially huge implications for the future of...

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Quality of spending comes under radar as fiscal draws to a close -Surabhi

-The Hindu Business Line Economists warn that revenue deficit may breach target New Delhi: Will the Exchequer’s switch to a new classification of expenditure from 2017-18 help lower the revenue deficit and improve the quality of spending? The Finance Ministry believes that shift in classification to revenue and capital expenditure from April 1, departing from the current distinction of Plan and Non-Plan spending, will help it direct expenditure towards productive purposes. It is also...

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