-PTI NEW DELHI: The RBI has told a parliamentary panel that it has "no information" on how much black money has been extinguished as a result of demonetisation of Rs 500/1,000 notes or about unaccounted cash legitimised through exchange of currency post note ban. Stating that an estimated Rs 15.28 lakh crore in junked notes has come back "subject to future corrections based on verification process", the Reserve Bank also said it...
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India's Urban Floods Are More Acts Of Man Than God -VR Vachana
-Huffington Post blog A result of dysfunctional municipal PLAnning and governance. The flooding woes of Indian cities have hit the headlines yet again, with Mumbai, Chandigarh, Bengaluru and Agartala being among the worst affected. As for the response to these crises—there is enough evidence to indicate that the patchwork solutions that have been employed will work like steroid shots that might mitigate the issue temporarily, but worsen it in the future. PLAnning in...
More »Slavery stain on granite
-PTI London: Leading UK retail chains such as John Lewis and Habitat have withdrawn granite products from their range over fears of child labour and slavery within its Indian supply chains. Businesses selling granite products such as kitchen worktops and tiles are scrutinising the source of their products after global investigators discovered that debt bondage, underage workers and unsafe, unhealthy working conditions are part and parcel of daily working life in Indian...
More »Bacteria getting resistant to antibiotics in poultry farms
-The Hindu Business Line Abuse of antibiotics, poor waste management main reasons: CSE study New Delhi: The unfettered use of antibiotics to keep chicks healthy in poultry farms has led to a proliferation in bacteria, which are resistant to the best of drugs used for fighting infections, according to a new study. An analysis carried out by the New Delhi-based NGO, Centre for Science and Environment (CSE), said the soil in and around...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
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