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Despite ban, firecrackers burst in many parts of Delhi on Deepavali night

-PTI/ The Hindu Despite the legal deterrent in place, people in many parts of the city started bursting crackers by dusk A large number of high-decibel firecrackers thundered throughout Deepavali night on Monday as people in Delhi flouted the ban imposed on these by the city government. Delhi Environment Minister Gopal Rai last week said bursting firecrackers in the national capital on Deepavali will attract a jail term of up to six months...

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MGNREGA: Nearly 1.5 crore Job Seekers Refused Work Till Now -Subodh Varma

-Newsclick.in Funds squeeze causes 14-17% refusals every year. The rural jobs guarantee scheme has emerged as a lifesaver for millions of Indians as they struggle with relentless unemployment. But official data shows that a very large number of job seekers are being turned away and not given work. In the first six months of the current financial year (April to October 2022) nearly 1.5 crore applicants for work were refused work.  This situation...

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When does RBI step in to monitor a bank? -Prashanth Perumal J

-The Hindu Why has the Reserve Bank of India increased its oversight on Dhanlaxmi Bank? What are the reasons for the Thrissur-based private bank’s assets to be under stress? According to Basel-III norms, what is the capital to risk ratio a bank is required to maintain? What lies ahead? The story so far: The Reserve Bank of India (RBI) has placed Dhanlaxmi Bank under tight monitoring with the Thrissur-based private bank’s financial...

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Pioneering thoughts -Ramachandra Guha

-The Telegraph Radhakamal Mukerjee: an ecological pioneer In 1922, a professor at Lucknow University named Radhakamal Mukerjee published a book called Principles of Comparative Economics. Reading the book one hundred years later, I was struck by the attention it paid to the impact of the natural environment on the social and economic life of Indian villages. Mukerjee was perhaps the first Indian scholar to recognise the vital importance of common property resources...

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Why Economic Inequality is a Burning Issue that Needs Attention -Atman Shah and Dipak Chaudhari

-Newsclick.in Inequality is not natural but manufactured. It’s time policymakers stopped normalising the wealth and income gap. Else, post-Covid inequality could become a permanent feature. Wealth and income inequality are more than just economic concepts. They also influence education and health outcomes, poverty levels, employment and unemployment rates, opportunities, choices, and, ultimately, happiness. Of late, several reports have investigated the impact of COVID-19 on various segments of society at the regional, national,...

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