-The Hindu 'Unemployment level in India is highest among those people who are richer and more educated.' The unemployment rate in urban areas reduced from 4.5 per cent in 2004-05 to 3.4 per cent in 2011-12, new data from the National Sample Survey Office show. In rural areas, the rate has been stable at around 1.7 per cent during this period. According to the survey, which was conducted in 2011-12 and released on...
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Budget likely to focus on rural-economy schemes to blunt farm crisis -Zia Haq
-Hindustan Times The Modi government is looking to address a worrying agrarian crisis with a set of schemes and Budget provisions aimed at ramping up the larger rural economy, rather than just the farm sector, people familiar with the development told HT. Budget 2015-2016 is likely to provide for a more effective Pradhan Mantri Krishi Sinchayin Yojana, a flagship scheme announced last year to create irrigation infrastructure, with substantially higher allocations. The...
More »Mysuru, Chandigarh cleanest cities in India, show Swachh Bharat rankings -Pretika Khanna
-Livemint.com Tiruchirappalli, New Delhi Municipal Council area of the national capital among other cities in the top 10 New Delhi: Mysuru topped the rankings of India’s 10 cleanest cities released by the government on Monday. Chandigarh, Tiruchirappalli in Tamil Nadu, the New Delhi Municipal Council area of the national capital, Visakhapatnam in Andhra Pradesh, Surat and Rajkot in Gujarat, Gangtok in Sikkim, and Pimpri-Chinchwad and Greater Mumbai in Maharashtra followed. The rankings are...
More »Can India beat this slowdown? -Jayan Jose Thomas
-The Hindu It is only due to the high rates of growth in the services sector that India’s overall economic growth appears robust. The world economy is so hard to predict. In 2008, as the global financial markets plunged into a crisis, high oil prices were considered to be one of the factors that caused it. Today, many fear that the world economy is on the edge of another recession. Guess what...
More »SC asks RBI for details of firms that have defaulted on loans of over Rs 500 crore -Shreeja Sen
-Livemint.com The Supreme Court has asked RBI to submit the information within six weeks New Delhi: The Supreme Court (SC) on Tuesday asked the Reserve Bank of India (RBI) to furnish details of companies that have defaulted on loans amounting to more than Rs.500 crore in sealed covers within six weeks. The court made the central bank a party to a 2005 case related to bad loans advanced to a few companies...
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