-PTI NEW DELHI: A parliamentary committee looking into the issue of mounting non-performing assets (NPAs) has asked former RBI Governor Raghuram Rajan to appear before it and brief on the matter. Rajan was invited after former Chief Economic Advisor (CEA) Arvind Subramanian praised him before the Parliament's Committee on Estimates, headed by veteran BJP leader Murali Manohar Joshi, for identifying the NPA crisis and trying to resolve it. Joshi has written a letter...
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Farmer producer organisations need their very own Amul -Jitendra
-Down to Earth Instead of encouraging them on paper, the government has to create a few model FPOs in the country and provide institutional support to them The Narendra Modi-led government has been tirelessly claiming that it would double farmers’ income by 2022. There is a lot of evidence to show that in the pursuance of this target, the income of farmers has not increased, but has rather stalled or decreased. Consequently,...
More »Tread carefully when it comes to manipulating natural systems -Kusala Rajendran
-Hindustan Times Whether it is to manage the flood situation of Yamuna or water logging of Kuttanad, we should adopt a similar strategy and promote the “give water its space” concept. Forcing water bodies to give up their space or change their courses, as envisaged in the country-wide river interlinking project will lead to irreversible consequences, learning from the examples before us. The monsoon is an unsettling time in India, with...
More »Banks take about Rs. 70,000-cr. hit due to frauds in last 3 years
-PTI ‘Impact in 2017-18 at ?36,694 cr. more than twice seen in previous 2 years, each’ Indian Banks reported a total loss of about ?70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was informed on Tuesday. The extent of loss in fraud cases reported by scheduled commercial Banks (SCBs) for 2015-16, 2016-17 and 2017-18 was ?16,409 crore, ?16,652 crore and ?36,694 crore, respectively, Minister...
More »Quota Won't Guarantee Employment as There Are No Jobs, Says Nitin Gadkari
-PTI "One school of thought is that we must consider the poorest of the poor section in every community." Aurangabad: Stating that reservation will not guarantee employment as jobs are shrinking, Union minister Nitin Gadkari yesterday said there is a “school of thought” which wants policymakers to consider the poorest of poor in every community. Gadkari made the remarks in response to reporters’ questions on the ongoing agitation by the Marathas for reservation...
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