-The Times of India NAGPUR: As apprehended, the already distressed Vidarbha farmers are facing a severe cash crunch because of government apathy on three fronts. First, payments for tur and chana procured at MSP have been delayed. Then roll-out of loan waiver has been total mess and could not be completed a year after its announcement. Now, nationalized banks are reluctant to provide crop loans. With rains having arrived, farmers are running...
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Ahmedabad District Cooperative Bank collected highest amount of banned notes among DCCBs: RTI reply
-IANS A district cooperative bank, Ahmedabad District Cooperative Bank (ADCB), netted the highest deposits among such banks of old Rs 500 and Rs 1,000 notes that were abruptly demonetised on November 8, 2016, according to RTI replies received by a Mumbai activist. ADCB secured deposits of Rs 745.59 crore of the spiked notes -- in just five days after Prime Minister Narendra Modi made the demonetisation announcement. All the district cooperative banks...
More »India's health spend just over 1% of GDP -Sushmi Dey
-The Times of India NEW DELHI: India currently spends a little over 1% of GDP on health, far below Singapore which has the lowest public spend on health at 2.2% of GDP among countries with significant universal health coverage (UHC) service, according latest National Health Profile (NHP) data. India's per capita public expenditure on health increased from Rs 621 in 2009-10 to Rs 1,112 (around $16 at current exchange rate) in 2015-16....
More »Experts: Early desertification feared for Delhi, Gurugram -Shilpy Arora
-The Times of India GURUGRAM: The sand storm conditions prevailing in the city for three days has raised fears of early desertification of the Delhi-NCR region among environmental experts. According to the experts, there has been an increase in frequency, longevity and density of sand storms in this region this year. “The frequency of sand storms has increased in the city in the past one decade. While earlier (in 2002), summer sand...
More »Why NPCI and Facebook need urgent regulatory attention
-The Economic Times The world’s oldest networked infrastructure, money, is increasingly dematerialising and fusing with the world’s latest networked infrastructure, the Internet. As the network effects compound, disruptive acceleration hurtle us towards financial utopia, or dystopia. Our fate depends on what we get right and what we get wrong with the law, code and architecture, and the market. The Internet, unfortunately, has completely transformed from how it was first architected. From a...
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