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The Modi government is facing a serious cash crunch -- thanks to GST -Shoaib Daniyal

-Scroll.in More than a tenth of GDP is provided by government expenditure. This is (more) bad news for the Indian economy. In 1773, the British Parliament passed the Regulating Act, appointing a governor general to oversee all of British India. This law marked the beginnings of the Central government of the British Raj, the single most significant institution to shape the Indian subcontinent for the next two centuries. It continues till today...

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Private sector salaries logged slowest growth in a decade -Vineet Sachdev

-Hindustan Times It is also the first time in seven years that the share of salaries in sales revenue has come down. Hit by decelerating sales growth, Indian companies are tightening spending on their wage bills. Private sector salaries recorded their worst growth in 10 years in fiscal year 2018-19. It was also the first time in seven years that the share of salaries in sales revenue came down. These results are...

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Southern Railway hit by severe cash crunch -S Vijay Kumar

-The Hindu General Manager sends SOS to Ministry, warns that onboard housekeeping services will have to be terminated Chennai: Amid an unprecedented cash crunch, the Southern Railway has sent an SOS to the Ministry of Railways that if adequate funds are not allotted by August-end, it would have no option but to terminate onboard housekeeping services (OBHS), pest control and supply of linen contracts on all 110 long-distance trains. While officials prepare to...

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SBI aims to eliminate debit cards to boost digital payment solutions

-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. Mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote...

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Census Data Contradicts Bogey of Bangladeshi Immigrants' 'Flood' - Subodh Varma

-Newsclick.in But the relevant data has been removed from the Census website within a month of release. It took over eight years for the Census office to release migration-related data collected back in 2011. And, within a month of its release, one particular dataset has been removed. That’s Table D-2 which gives the numbers for foreign immigrants. The official Census website now says, in a cryptic footnote, that data on this aspect...

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