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Rupee Co-operative Bank’s collapse leaves many depositors in distress -Siddhi Nayak

-Moneycontrol.com Rupee Co-operative Bank's depositors are dealing with financial hardships and navigating family emergencies as they struggle to access their own money In the 1990s, Virendra Kumar Joping’s father, a small-time carpenter, came to Pune from Rajasthan to earn a living. Over the years, he saved his hard-earned money by opening a fixed deposit in Rupee Co-operative Bank. Rupee Co-operative Bank was among the trusted names in Pune. Little did the Joping family...

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MGNREGA Fund Impasse Big Worry for CM Mamata, Offers to Follow Norms -Rabindra Nath Sinha

-Newsclick.in The brake on the release of funds by the Centre, which has found blatant and persistent violation of norms by Nabanna, has queered Mamata Banerjee's pitch. Kolkata: It’s a tough call suddenly for Trinamool Congress chief and West Bengal’s chief minister Mamata Banerjee; TMC’s very comfortable majority in the Assembly notwithstanding. Mamata finds herself in an awkward situation after the arrest of two of her trusted aides – Partha Chatterjee and...

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Cereal inflation would be hard to tame amidst low rice acreage

Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...

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Why India doesn’t need palm oil but its greener alternatives -Bhavani RV and RS Vaidyanathan

-Down to Earth blog Palm oil is water-intensive and requires large patches of land India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage and high price are often in the news. Palm oil production grew between 2015-2016 and 2020-2021 at a compound annual growth rate of 6.1 per cent,...

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Normal monsoon rainfall likely in August-September: IMD -Jayashree Nandi

-Hindustan Times Parts of eastern and northeastern India, which recorded scanty rainfall in June and July, may not get adequate showers in the next two months as well, the weather office said, raising concerns over the kharif or monsoon crop. Rainfall during the second half of the southwest monsoon is likely to be normal, the India Meteorological Department predicted on Monday. In the first half, till July 31, it was 8% above...

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