-Down to Earth Can pre-poll sops like giving smart phones with internet connectivity to farmers increase farm income? Last week, thousands of farmers and agricultural workers poured into the National Capital to attract and focus the attention of the Central government to their demands. The Mazdoor Kisan Sangharsh Rally, organised by farmers’ organization, All India Kisan Sabha, and the All India Agriculture Workers Union, broke all records as far as crowd numbers...
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MUDRA loans is another crisis in the making, says Raghuram Rajan -Raghuvir Srinivasan
-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...
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 »Cause for caution: On India's GDP growth -Puja Mehra
-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot...
More »Death in Swachh Bharat scuffle: Police clear all civic officials -Deep Mukherjee
-The Indian Express The incident at Mehtab Shah Kutchi Basti had caused nationwide outrage with activists severely criticising the Rajasthan government after it cited the preliminary post-mortem report to claim that Hussain died due to cardio-respiratory failure. Jaipur: MORE THAN a year after a 53-year-old man died in Rajasthan’s Pratapgarh following a scuffle with local civic officials engaged in the Swachh Bharat campaign — he objected to them taking photographs of...
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