-The Indian Express Area under paddy stubble burning in Punjab up despite number of machines almost doubling. Jalandhar: Punjab farmers have sown 4.50 lakh hectares (lh) wheat area this time using Happy Seeders. This is nearly 13% of the total 35.08 lh planted under the rabi cereal crop in the state. Not bad, it would seem, for a relatively new technology, which allows wheat to be directly seeded in combine-harvested paddy fields...
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RBI imposes restrictions on PMC Bank; withdrawal restricted to Rs 1,000 per account
-PTI MUMBAI: The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank. Defaults appear to have surged in the past six months amid tight economic conditions and some lumpy loans...
More »15 ways to define India's slowdown -Vivek Kaul
-Livemint.com * An analysis of indicators that make up India's GDP reveals the extent to which the economy has slowed down * How does one explain the fact that home loans are growing and so is the number of unsold homes? It may be that people are buying homes from investors, not builders The rain has stopped. You step out of home to run a few errands. On the way, you find ?500...
More »Public sector banks' long-term strategy on Jan Dhan begins to pay off -TCA Sharad Raghavan
-The Hindu Total deposits in the last three years have grown by over 2.5 times to Rs. 98,400 cr. Public sector banks stand to earn as much as Rs.5,000 crore due to the increasing quantum of deposits placed in Jan Dhan accounts, and can vastly monetise this resource once they start implementing advanced analytics and begin lending to these customers, according to industry players and analysts. Over the last three years, the number...
More »At Rs 670 crore, BSP has biggest bank balance among parties -Pradeep Thakur
-The Times of India NEW DELHI: The Bahujan Samaj Party (BSP) has the biggest bank balance among all parties, according to official records. The expenditure report submitted by BSP to the Election Commission on February 25 states that it has Rs 669 crore deposited in eight accounts in branches of public sector banks in the national capital region. The party, which scored a blank in the 2014 Lok Sabha polls, has also...
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