-The Hindu The move is part of the Centre’s plans to widen the coverage of the scheme and thus reduce the incidence of catastrophic health expenditures. The Pradhan Mantri Jan Arogya Yojana (PMJAY) health insurance scheme is set to offer teleconsultation services to its patients soon. The move is part of the Centre’s plans to widen the coverage of the scheme and thus reduce the incidence of catastrophic health expenditures, and improve...
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Bank mergers don't address crux of crisis: The nexus between lenders, borrowers and election funding -Christophe Jaffrelot
-The Indian Express To understand what is at stake in the NPA story, one needs first to understand why the public sector banks lent so much money to companies which are today unable to pay it back. India’s economic crisis that is finding expression in low-growth rates and high unemployment rates is partly due to the decline of investments, which is partly due to the fact that companies cannot get access...
More »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 »Govt pushes zero budget farming; farmers, experts say no road map in place -Anju Agnihotri Chaba
-The Indian Express The government claims that if input cost is decreased, farmers will not need to take loans and with zero inputs, they will only earn from their crops without spending anything. Jalandhar: THE PUNJAB government has asked agriculture offices across all 22 districts to register 150 farmers each for ‘zero budget natural farming’ to mark the 150th birth anniversary of Mahatma Gandhi, after getting a letter from the Centre...
More »Give us your SC/ ST numbers: Govt to firms under EPFO -Aanchal Magazine & Sunny Verma
-The Indian Express Through this month, regional provident fund offices have been sending out queries in a specified format to companies seeking “employment data of the proportion of SC & ST employees in total employment”. THE MINISTRY of Labour and Employment has kicked off a survey that requires establishments contributing to the Employees’ Provident Fund Organisation (EPFO), including from the private sector, to furnish information on the number of SC and...
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