-Scroll.in The ministry has issued showcause notices to three of its senior officials for submitting the report before Agriculture Secretary Sanjay Agarwal could vet it. The Ministry of Agriculture has withdrawn a report that said demonetisation affected millions of farmers in the country. The ministry cited a “compilation error” to justify the withdrawal and submitted a new report that says farmers did not face any “adverse impact” as a result of the...
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Mathadi workers in Maharashtra to join traders' bandh today -Nanda Kasabe
-Financial Express Mathadi leaders Shashikant Shinde and Narendra Patil met Minister for Cooperation and Marketing Subhash Deshmukh and had sought more clarity on the role of commission agents in APMCs as well as transactions on eNAM After traders at Vashi in Maharashtra called for a one-day bandh on Tuesday against the Maharashtra Agricultural Produce Marketing Development and the Regulation Act Ordinance, over 4-5 lakh Mathadi ( workers who carry loads) workers...
More »RBI data counters RBI claim: credit to small firms shrinks -Sandeep Singh
-The Indian Express On October 30, at the meeting of the Financial Stability and Development Council chaired by Jaitley and attended by Urjit Patel among others, the central bank is learnt to have downplayed the issue of liquidity crunch. While the Reserve Bank of India said two weeks ago that there is no sign of a liquidity crunch, its own latest data shows that banks’ credit outstanding to the Micro, Small and...
More »Behind India's leap in ease of doing business -Aarati Krishnan
-The Hindu The rankings serve as a trusted ready-reckoner for foreign investors looking to invest in a country Chennai: India’s leap in the World Bank’s Ease of Doing Business rankings this year has slipped under the radar, in the cacophony over demonetisation and the RBI-Centre spat. The country has, in fact, been one of the biggest ‘improvers’ in the 2019 study, with its rank shooting up from 100 to 77, among 190 countries....
More »BHIM UPI, RuPay swipe Mastercard, Visa -Shishir Sinha
-The Hindu Business Line Home-grown payment systems corner over 60% of digital transactions New Delhi: India’s own Bharat Interface for Money (BHIM) and RuPay cards have garnered over 60 per cent market share of the digital transactions business, pushing back global giants such as Mastercard and Visa. BHIM is a UPI-based payment interface that allows real-time fund transfer using a single identity, typically a mobile number or a name. Unified Payments Interface (UPI)...
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