-The Telegraph New Delhi: The Centre on Thursday conceded in the Supreme Court that Aadhaar cannot be a panacea for detecting bank frauds like the one allegedly committed by diamantaire Nirav Modi, saying the scam would not have occurred if due "diligence" had been exercised by Banks. The admission comes against the backdrop of the Centre's aggressive push for Aadhaar for the receipt of various government benefits and as an antidote to...
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The politics of loan waivers: Deep despair of Punjab's excluded farmers -Prabhjit Singh
-Hindustan Times Lip service: Amarinder Singh sought votes on the promise of a waiver, but now faces heat as more than half the state’s farmers have been left out of the scheme. Bathinda: The weather-beaten face of Rajpal Singh shows signs of anxiety as he stands in one corner of his eight-acre farmland in Punjab’s Bathinda, surveying the standing wheat crop that is almost ready for harvest. Singh might get a reasonable price...
More »Forget job growth, employment in India actually fell between 2014 and 2016 -Manas Chakravarty
-Livemint.com Data from the latest KLEMS India database shows that employment in the Indian economy shrank by 0.1% in 2015-16 and by 0.2% in 2014-15 Mumbai: Employment in the total Indian economy shrank by 0.1% in financial year 2015-16 and by 0.2% in 2014-15. Far from more jobs being created, employment has actually contracted. That is the finding from the latest KLEMS India database, a research project supported by the Reserve Bank of...
More »Central Vigilance Commission wants to keep an eye on private Banks -Vikas Dhoot
-The Hindu Asks PMO to frame law for it The Central Vigilance Commission (CVC) has urged the Prime Minister’s Office to bring private sector Banks under its watch, citing the fact that they have been involved in many recent instances of malfeasance. Vigilance officers in all State-owned public sector Banks are required to report irregularities and possible wrongdoing to the CVC, India’s apex body for checking corruption in the government. Private sector Banks...
More »Govt botched up NREGA: CAG
-OrissaPost.com Bhubaneswar: The state government lost its direction on execution of the biggest rural employment generation scheme–Mahatma Gandhi National Rural Employment Guarantee Act (NREGA). This was indicated in a Comptroller and Auditor General of India (CAG) report on local bodies for the year ended March 2017. Briefing media about the findings of the audit report, Accountant General of Orissa Madhumita Basu said, “The per annum average income of the households (HHs) in...
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