-The Hindu The party recommended that electoral bonds should be issued without any serial number or identification marks. The Bharatiya Janata Party (BJP) had pitched for greater anonymity for donors of electoral bonds, according to a letter sent by party general secretary Bhupendra Yadav to Finance Minister Arun Jaitley in August 2017 when the scheme was being drafted. This letter was obtained by activist Lokesh Batra through a Right to Information application. The...

-PTI Economists at State Bank Research also warned that any attempt to trim government spending to maintain the fiscal numbers will be severely detrimental to growth. Lose-monetary policy alone cannot arrest the deepening slump, instead government must take demand-boosting measures, especially in rural areas, by frontloading expenditure primarily through the national rural employment scheme, says a report. Economists at State Bank Research Monday also warned that any attempt to trim government spending to...

-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...

-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...

-The Telegraph Figures in May take the total amount of money invested in this opaque source of funding since January to Rs 4,794 crore Electoral bonds accounting for the maximum amount of political donations in India in May were sold in Calcutta, according to information accessed by a citizen through the Right to Information route. Of the bonds worth Rs 822 crore that were sold in select outlets of the State Bank of...