-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended THRough the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...
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Weeks after flood, Kerala fights dry spell -Shaju Philip
-The Indian Express IMD, Thiruvananthapuram, director S Sudevan said the state has received hardly any rain since the beginning of this month. Thiruvananthapuram (Kerala): An unusual dry spell coupled with the reported fall in the groundwater level in flood-hit areas of Kerala has emerged as a cause of concern. IMD, Thiruvananthapuram, director S Sudevan said the state has received hardly any rain since the beginning of this month. Weekly rainfall for the whole...
More »As Consumers Reel from High Fuel Prices, OMCs Make a Killing Off Inventory Gains -Noor Mohammad
-TheWire.in Indian Oil, BPCL and HPCL together made inventory gains of over Rs 12,000 crore in the April-June 2018 quarter alone as the price of crude rallied. New Delhi: Indian consumers of petrol and diesel may be reeling under high prices but oil marketing companies (OMCs) and the government are having a great time. The THRee state-owned companies – Indian Oil, BPCL and HPCL – together made inventory gains of over Rs 12,000...
More »Why are rural wages crawling when farm GDP growth is galloping -Gaurav Choudhury
-MoneyControl.com A continued property market slowdown and a vegetable glut may have pushed landless labourers back to villages, seeking daily jobs and depressing wage growth India’s gross domestic product (GDP) growth looks set to cruise along the 7-7.5 percent trail, partly aided by steady farm incomes and record harvests on the back of plentiful summer rains over the last THRee years. But it may still be early to open the bubbly yet. The...
More »Areas under Maoists have shrunk by 40% in past THRee years: CRPF chief -Vijaita Singh
-The Hindu CRPF Director-General R.R. Bhatnagar says the force is getting closer to the core areas of the extremists, cutting down the striking distance and striking time. The Central Reserve Police Force (CRPF) has opened 15 new security camps in Chhattisgarh’s South Bastar this year to choke the presence of Maoists, CRPF Director General R.R. Bhatnagar said. Speaking to The Hindu, he said South Bastar or the Dandakaranya Special Zone Committee (DKSZC), led...
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