-PTI New Delhi: An RBI survey has found that 30% ATMs of public sector banks and 10% belonging to private banks were non-functional due to technical snags and no cash, among other reasons. In a written reply to the Lok Sabha, minister of state for finance Santosh Kumar Gangwar said RBI has informed that it recently conducted a “representative sample survey” of about 4,000 ATMs situated in metro, semi-urban, urban and rural...
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An equal reality -Anurodh Lalit Jain
-The Hindu Business Line The best way to celebrate Ambedkar As we celebrate BR Ambedkar’s 125th birth anniversary, it is important to remember that his vision of economic equality for dalits is still a distant dream. He had told the Constituent Assembly on November 25, 1949: “We are entering an era of political equality. But economically and socially we remain a deeply unequal society. Unless we resolve this contradiction, inequality will destroy...
More »Forty coal importers under the DRI scanner for over-invoicing
-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
More »No jobs in sight: There is a mounting employment crisis in India -Harsh Mander
-The Indian Express There is a mounting employment crisis in India. The current growth model, built on large private investments, cannot address the problem. Union Minister Ram Vilas Paswan raised many hackles with his demand for affirmative action or job reservations for Scheduled Caste and Scheduled Tribe candidates in the private sector. He suggested that “providing quota in private jobs will help cool down anger among SC and STs”, thereby stemming...
More »Flaws in mid-day meal scheme
-The Times of India Raipur: CAG has pointed out several deficiencies in the implementation of mid-day meal scheme in Chhattisgarh. The mid-day meal scheme was launched on August 15, 1995, by Centre to boost universalisation of primary education by increasing enrolment, retention and attendance, and simultaneously improving nutritional status of students in primary classes. The CAG report on General, Social and Economic (non-PSUs) for the year ended March 2015, which was...
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