-TheWire.in Organised by the All India Kisan Sabha, the farmers' and workers' demands range from an upward revision of minimum wages to remunerative prices for peasants. New Delhi: On August 29, Vijoo Krishnan, joint secretary of the All India Kisan Sabha (AIKS), was nervous. He reached the Ramlila Maidan in the evening and found it almost entirely submerged under water due to consistent rainfall and poor drainage mechanisms. “I thought to myself,...
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RBI: Loan defaults by small businesses double in a year -George Mathew
-The Indian Express RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year. mumbai: MICRO AND small businesses continue to struggle in the wake of demonetisation and implementation of the Goods and Services Tax (GST), with the latest RBI figures...
More »Petrol, diesel prices at highest-ever levels on rupee woes
-PTI New Delhi: Petrol and diesel prices in the country touched their highest levels Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. Petrol price in Delhi rose to a record Rs 79.15 a litre and diesel climbed to a fresh high of Rs 71.15, according to price notification of state-owned fuel retailers. This follows ?a 31 paise/litre hike in prices on Monday. Rates have breached...
More »Public transport's share of city trips at all-time low -- and falling -Dipak Kumar Dash
-The Times of India NEW DELHI: India’s public transport system is not keeping pace with the auto boom, making commuters shun buses and trains and hop on to two-wheelers and cars. This has resulted in public transport’s share of passenger trips falling to an all-time low, and the situation is getting worse with every passing year. Compared with a share of 60-80% of passenger trips across major Indian cities in 1994, the...
More »99.40% of demonetised notes returned: RBI
-The Hindu Business Line Value of banknotes in circulation increased to Rs 18.03 lakh crore as at end-March 2018 mumbai: Close to 99.40 per cent of specified bank notes (SBNs) of Rs 500 and Rs 1,000 denominations, which were scrapped in the November-December 2016 period, have been returned from circulation, according to the Reserve Bank of India's annual report. The report pegged the total SBNs returned from circulation at Rs 15.31 lakh crore....
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