-PTI NEW DELHI: Total liabilities of the government increased to Rs 79.8 lakh crore at end-June 2018 from Rs 77.98 lakh crore at end-March 2018, latest data on public debt showed Friday. Public debt accounted for 89.3 per cent of total outstanding liabilities at end-June 2018 with internal debt accounting for 83.0 per cent share. Nearly 24.9 per cent of the outstanding dated securities had a residual maturity of less than five years....
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Agricultural Loans Worth Rs 59,000 Crore Went to 615 Accounts in One Year -Dheeraj Mishra
-TheWire.in Agricultural experts say that large corporations are being given 'agricultural' loans at cheaper interest rates and with easier regulations in the name of farmers. New Delhi: Government banks handed out Rs 58,561 crore to 615 accounts in agricultural loans in the year 2016. On average, each account has been given over Rs 95 crore in agricultural loans. This information was revealed by the Reserve Bank of India in response to a Right...
More »Delhi Metro is second-most unaffordable in the world, shows study
-Scroll.in The Centre for Science and Environment found that after last year’s fare revision, an average commuter spends 14% of their household income on metro travel. Of nine metropolitan cities across the world that have operational metro systems that charge less than half-a-US dollar for a 10-km trip, the Delhi Metro is the second most costly,The Times of India quoted a study by the Centre for Science and Environment as saying....
More »Note ban failed to curb the menace of counterfeit currency, indicates RBI's Annual Report
Although containing fake notes in circulation was one of the objectives behind demonetisation when it was undertaken in 2016, recent data from the Reserve Bank of India (RBI) reveals that fake counterparts of some denominations grew during 2017-18 vis-à-vis the previous year. The recently released Annual Report for 2017-18 of the RBI shows that the total number of pieces of counterfeit notes of Rs. 2000/- denomination, which was detected in the...
More »Did the Indian economy create nearly 13 million jobs in 2017? -Amit Basole and Anand Shrivastava
-Hindustan Times While a final conclusion on employment growth should wait for 2017-18 NSSO data, rosy estimates based on selective assumptions do not inspire much confidence . New Delhi: In a study prepared as a background report for the Prime Minister’s Economic Advisory Council, economists Surjit Bhalla and Tirthatanmoy Das have claimed that the Indian economy created around 12.8 million jobs (by principal status) in 2017. The authors also claim that net...
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