-PTI NEW DELHI: Total liabilities of the government increased to Rs 79.8 lakh crore at end-June 2018 from Rs 77.98 lakh crore at end-March 2018, latest data on public debt showed Friday. Public debt accounted for 89.3 per cent of total outstanding liabilities at end-June 2018 with internal debt accounting for 83.0 per cent share. Nearly 24.9 per cent of the outstanding dated securities had a residual maturity of less than five years....
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Public transport's share of city trips at all-time low -- and falling -Dipak Kumar Dash
-The Times of India NEW DELHI: India’s public transport system is not keeping pace with the auto boom, making commuters shun buses and trains and hop on to two-wheelers and cars. This has resulted in public transport’s share of passenger trips falling to an all-time low, and the situation is getting worse with every passing year. Compared with a share of 60-80% of passenger trips across major Indian cities in 1994, the...
More »A midnight SOS: How fishermen became Kerala's new army -Rishi Kakanadan
-The Economic Times In the afternoon on August 15, Kollam district collector S Karthikeyan received a call from his counterpart in Pathanamthitta, P B Nooh. He requested five dinghies to be sent from rescue operations in flooded areas in his district. It had been raining incessantly for several days all over Kerala. Most of the reservoirs in the state had to be opened in the previous couple of days, leading to floods...
More »Cash still the king. Cash savings highest in a decade -Gayatri Nayak
-The Economic Times Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again going out of the banking system with share of savings in form of cash touching decade high and that of deposits touching decade lows. While currency in circulation is at Rs 19.38 lakh crore is much higher than pre-demonetisation levels, household savings in form of cash and currency has surged to...
More »Demonetisation achieved objectives quite substantially: Government
-PTI New Delhi: The government said demonetisation of high-value currency notes in November 2016 achieved the objectives “quite substantially” even as the Reserve Bank of India reported most of the demonetised currency was back with the banks. The RBI annual report released on Wednesday said 99.3% of Rs 500 and Rs 1,000 junked notes came back to banks. “I think demonetisation has achieved its objective quite substantially,” economic affairs secretary Subhash Chandra...
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