-The Hindu Business Line Value of banknotes in circulation increased to Rs 18.03 lakh crore as at end-March 2018 Mumbai: Close to 99.40 per cent of specified bank notes (SBNs) of Rs 500 and Rs 1,000 denominations, which were scrapped in the November-December 2016 period, have been returned from circulation, according to the Reserve Bank of India's annual report. The report pegged the total SBNs returned from circulation at Rs 15.31 lakh crore....
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Over 50% agricultural households are facing indebtedness: Nabard -Remya Nair
-Livemint.com The average annual income of agricultural households was Rs 107,172, the National Financial Inclusion Survey 2016-17 shows New Delhi: Rural households have Access to banking and have savings but investment levels and pension and insurance coverage remain very low, a financial inclusion survey conducted by the National Bank for Agriculture and Rural Development (Nabard) showed. At the same time, levels of indebtedness were high and nearly equalled annual incomes, according to...
More »More than 4 lakhs posts in the Central govt. lying vacant, shows latest available data
Since jobs have shrunk due to the deployment of information technology in sectors such as banking, quotas won't guarantee employment, said Union Minister Shri Nitin Gadkari recently, according to a PTI news dated 5th August, 2018. But the truth is somewhat different from what Mr. Gadkari told journalists about falling jobs against the backdrop of demand for reservation by the Marathas. Let us see why this is so. The total number...
More »Poor prefer subsidized grains over cash dole, finds Jharkhand audit -Sayantan Bera
-Livemint.com Close to 97% of the 8,370 respondents surveyed in Jharkhand’s Nagri block said they prefer in-kind food subsidies due to the hardships faced while withdrawing cash and accessing ‘rations’ New Delhi: An audit by the Jharkhand government of the direct benefit transfer (DBT) of food subsidy has found that most households prefer subsidised grains over cash transfers. Close to 97% of the 8,370 respondents surveyed in Jharkhand’s Nagri block said they prefer...
More »Arvind Subramanian, ex-Chief Economic Advisor (CEA), interviewed by Prashant Jha
-Hindustan Times Subramanian says due to less suitable global economic scene, reaching double-digit growth will need more hard work The announcement that Arvind Subramanian, India’s Chief Economic Advisor (CEA), is quitting for personal reasons to return to the United States has generated considerable attention. The CEA spoke to Prashant Jha about his time in government and the state of the economy: * As you look back, what are the key highlights and the...
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