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UP, Bihar continue to be down in the dumps in HDI: Report

-PTI Southern states continue to lead the pack on the crucial measure, where the country is ranked 130th globally, but are staring at a different trouble, the report notes. Mumbai: Uttar Pradesh and Bihar continue to languish on the human development index (HDI) front, while others, including Haryana and Himachal, have shown an improvement in the past 27 years, says a report. The industrially progressive Gujarat and Maharashtra have slipped in the HDI...

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When cover for farmers came a cropper -Rajalakshmi Nirmal

-The Hindu Business Line How 140 farmers in Maharashtra’s Jalna district have been left high and dry Farmers of Jalna district in Aurangabad Division of Maharashra, who planted pomegranate, mango and sweet lime in the 2017 kharif season and lost their crop because of a drought are in a state of despair. Despite coughing up premiums for the Pradhan Mantri Fasal Bima Yojana (PMFBY), they have not received a penny from the...

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Cash in system surges: Informal sector's back? -Mayur Shetty

-The Times of India MUMBAI: Currency in circulation touched a new high of Rs 20.65 lakh crore on January 18, 2019, way above the pre-demonetisation high of Rs 17.97 lakh crore. The increase in currency usage points to a recovery in 'informality' in the economy as the government goes easy on goods and services tax compliance and businesses continue using cash, according to Pranjul Bhandari, chief economist, India, HSBC. The acceleration of...

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Farm Loan Waivers and Corporate Defaulters are Two Sides of the Same Coin -Seshadri Kumar

-TheWire.in Why is Rs 1.84 lakh crore a "frightening challenge" for banks, but Rs 10.17 lakh crores not? The great farm loan waiver debate is back. The Congress kicked it off this time with the announcement of waivers in the newly-elected governments of Chhattisgarh, Madhya Pradesh, and Rajasthan. This was followed up by similar announcements from BJP-ruled Gujarat and Assam. Rahul Gandhi even went onto to demand a nation-wide farm loan waiver from...

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RTI: Pvt firms make a killing from crop insurance scheme -Vishav Bharti

-The Tribune Pocket more than Rs 8,000 cr in two years; Rs 11 cr a day on average Chandigarh: Rs 11 crore in a day! That was the average of profit of the private insurance companies from Pradhan Mantri Fasal Bima Yojana in the past two financial years. There were 18 companies that got contracts under the crop insurance scheme. Out of them just five are in public and 13 in the private...

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