-PTI Their pear and apple harvest rotting, ration and cash running out — people in several parts of Kashmir are facing financial hardships due to the ongoing shutdown in major parts of the Valley, say three panchayat members from the region. Hailing from Anantnag district of south Kashmir, Talib Hussain, along with fellow panchayat member Iqbal Ahmed and Mumtaz Ahmed Khan, said they were in the national capital to let the...
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Poor recoveries under IBC can derail Centre's Rs. 70,000-cr recap plan -Radhika Merwin
-The Hindu Business Line Barring few cases, large haircuts of 70-90 per cent are continuing to hurt banks While the Centre’s decision to frontload capital infusion of Rs 70,000 crore into PSBs has boosted sentiment, unless there is quick resolution of large accounts under IBC, this may achieve little. What is of more concern, is the paltry amount that banks have Been realising from the resolution of accounts under IBC. A look at...
More »Slowdown may render 30 lakh MSME workers jobless: KASSIA
-The Hindu Karnataka has over 6,00,000 small industries that employ over 70 lakh people Bengaluru: If the Union government fails to come up with precautionary measures to minimise the impact of the economic slowdown on the MSME (Micro Small & Medium Enterprises) sector, at least 30 lakh people will go jobless in Karnataka, cautions industry apex body, KASSIA (Karnataka Small Scale Industries Association). “The recession is no more a fear, but a...
More »With stocks piling up, FCI is in deep trouble -Rajalakshmi Nirmal
-The Hindu Business Line Huge losses on procured grains and rising debt are a big concern FCI (Food Corporation of India) is sitting on a mountain of wheat and paddy. In January, the total stock of rice and wheat with FCI was 45.4 million tonnes. This increased to 46.3 million tonnes by April and touched 62.2 million tonnes in May. In July, the stock increased further to 74.2 million which was significantly...
More »RTI reveals threefold rise in number of manual scavengers despite ban -Dheeraj Mishra
-TheWire.in The government, as part of an ongoing survey to identify them, has left out almost half the people who said they were engaged in manual cleaning work. In India, there are more than 40,000 people working as manual scavengers in 84 districts of 14 states. This information was revealed after a survey begun by the Central government in 2018 for their identification. This number is three times that of the number...
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