-The Indian Express Explaining the origins of the present economic situation, the Niti Aayog vice-chairman said: "The entire episode stARTed with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014." The Centre’s policy think tank Niti Aayog stated Thursday that the prevalent slowdown in the country’s economy is due to the distrust amongst the private sector where the credit situation is stagnant. “Nobody is trusting anybody else… within the...
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Citizens left out of NRC will not go to jail at once -Vijaita Singh
-The Hindu They can explore all legal options. None of the persons excluded from Assam’s National Register of Citizens (NRC) to be published on August 31 will be immediately put in detention centres, a senior government official said. The official clarified that any decision would be taken only after the excluded applicants have exhausted all legal options, like the Foreigners Tribunals (FTs), the High Court and the Supreme Court. He said a section of...
More »RTI reveals Kolhapur floods caused by tampering with technically established flood lines to please builders -Vinita Deshmukh
-MoneyLife.in The flood havoc in Kolhapur and Sangli districts has killed 54 people and thousands of cattle, besides causing colossal loss of property, farmlands and crops. Was it the ferocity of nature that caused such a great calamity or did human interference aggravate the situation? RTI documents reveal that tampering of the red and blue line demarcation of the Panchganga River in the Kolhapur Development Plan, due to the pressure of the...
More »2.66 lakh beneficiaries of farmer assistance scheme KALIA found ineligible: Odisha minister -Sampad Patnaik
-The Indian Express The government will take a call on the process to retrieve the money from the ineligible beneficiaries after August 31, when the scrutiny is complete. Bhubaneswar: The Odisha government has found that 2.66 lakh recipients of assistance under its Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme are not eligible for the benefit, Agriculture Minister Arun Sahoo said on Thursday. The government will take a call on the...
More »Niti Aayog chief rings the alarm bell, calls for unprecedented steps
-The Indian Express While blaming a large pART of the problem on the high credit growth between 2004 and 2011, when it grew 27 per cent and resulted in a build-up of NPAs, he said it takes a lot for the government which has inherited all the 'systems and inertia'. New Delhi: Taking cognizance of the bad liquidity situation in the financial sector and weak private investment in the economy, Rajiv...
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