-Hindustan Times Successive governments have “completely destroyed” the independence of the Election Commission of India (ECI) by ensuring no chief election commissioner (CEC) gets the full six-year term to head the poll body since 1996, a Constitution bench in the Supreme Court lamented on Tuesday, adding that absence of a law for appointment of election commissioners (ECs) has resulted in an “alarming trend”. The five-judge bench further remarked that the silence of...
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RBI concerned about slow deposit growth -Falaknaaz Syed
-Deccan Chronicle Mumbai: The Reserve Bank Of India is concerned about the slow deposit growth and how banks would support double-digit credit growth amidst tightening liquidity. The issue was discussed on Wednesday when RBI governor Shaktikanta Das met managing directors and chief executive officers of public sector banks and key private sector banks. A banker who attended the meeting said, "It was a routine meeting that takes place half yearly. We discussed...
More »Explained: RBI’s concerns on slow deposit growth -Saptaparno Ghosh
-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...
More »No decision yet on extending PMGKAY beyond Dec: Food subsidy to cross Rs 3 trillion this fiscal -Sandip Das
-Financial Express 2022-23 expenses likely to be the second highest since FY21 The government’s food subsidy expenses in the current fiscal are likely to cross Rs 3.1 trillion, up 50% from the outlay made at the beginning of the year. Sources told FE that the estimated food subsidy expenses in 2022-23 would be the second highest since FY21, when the finance ministry had made a provision of Rs 5.4 trillion, of which Rs...
More »Number of eggs exported from Namakkal to Qatar increases to 2.5 crore as demand soars due to FIFA World Cup -M Sabari
-The Hindu Due to the demand, price of an egg is expected to reach ₹6 very soon The number of eggs exported from Namakkal district to Qatar have been increased to 2.5 crore from 1.50 crore due to an increase in demand, thanks to the FIFA World Cup, and a cheaper price compared with Turkish eggs. In Namakkal district, approximately 1,100 poultry farms are functioning, and these farms produce 5.5 crore to 6...
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