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One year after demonetisation: Credit card use up but balance due surges by 39 per cent -George Mathew

-The Indian Express In fact, card outstandings have shot up by 77.74 per cent in the last two years, from Rs 33,700 crore in September 2015. Mumbai: Nearly A year after demonetisation, credit card usage has seen a sharp rise with outstandings rising 38.7 per cent during the 12 months ended September 2017. The total credit card outstandings - money spent by card holders and not repaid to the card company or...

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World Bank's False Praise Pleases Besieged Modi -Subodh Varma

-Newsclick.in A World Bank study ignores slumping economy and raging joblessness to praise ‘reforms’. A charming little bromance seems to be brewing between the World Bank and India’s Modi-led government. A series of reports by the World Bank has praised Modi for various kinds of “reforms”. The latest is the so called “Doing Business” report of the World Bank which lavishes praise on the Modi govt. for making it easier to do...

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Future prospects basis for mishap payouts, says SC

-The Times of India NEW DELHI: In a verdict intended to provide "just" compensation to victims of road accidents, the Supreme Court ruled on Tuesday that compensation will be based on the future prospects of a deceased person rather than only loss of present income. A five-judge bench comprising Chief Justice Dipak Misra and Justices A K Sikri, A M Khanwilkar, D Y Chandrachud and Ashok Bhushan framed guidelines for making an...

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Crime scan on MPs

-The Telegraph New Delhi: The Supreme Court on Tuesday asked for details of members of Parliament alleged to have crime records and the status of trials pending against them following claims that more than one in every three lawmakers in Parliament had criminal antecedents. Justices Ranjan Gogoi and Navin Sinha, who were hearing a batch of petitions seeking a lifetime ban on convicted persons from contesting Assembly or parliamentary elections, asked petitioner...

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India has largest number of malnourished kids in world: Report

-PTI India is ranked as the third most obese nation in the world after the US and China and also the diabetes capital of the world, with about 69.2 million people living with it as per the 2015 data by World Health Organisation, said the report India is home to the largest number of malnourished children in the world, a report said today, advocating that the country needs to frame policies...

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