-The Telegraph New Delhi: The Centre on Tuesday told the Supreme Court that the mandatory linking of Aadhaar with bank accounts and PAN cards was intended to screen genuine tax payers from dishonest elements evading taxes. The government made the comments while trying to allay fears that people could be harassed for money-laundering offences. Appearing for the Centre and the Aadhaar-issuing Unique Identification Authority of India, additional solicitor-general Tushar Mehta told a five-judge...
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Govt finally dilutes rules on cattle sale
-The Times of India NEW DELHI: The Centre has finally scrapped its controversial notification on a ban on sale of animals for slaughter in livestock markets and come out with new draft rules doing away with the clause on “restrictions on sale of cattle”. This means cattle, including cows, can be sold in animal markets, even for slaughter wherever it is legal. Last year’s notification had not prohibited slaughter as such, but...
More »Death in the farmlands: Suicides in agriculture sector decline 32% in 2016
-Business Standard Suicides by farm labourers increased 9% to 5,019 in 2016 (14 every day) from 4,595 in 2015 (13 every day) As many as 6,351 farmers/cultivators committed suicide in 2016 across India, or 17 every day, according to the latest home ministry data. Suicides declined 21 per cent from 8,007, or 22 every day, in 2015, data show. Suicides in the farming sector declined 10 per cent — from 12,602 in 2015...
More »Checking NPAs: 11 public sector banks now on RBI watchlist, small firms face credit crunch -Sunny Verma & Sandeep Singh
-The Indian Express At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the corporate sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...
More »Niti Aayog misses deadline to suggest MSP procurement model, farmers continue to bear brunt -Anuradha Shukla
-The Indian Express NEW DELHI: The government’s ambitious minimum support price (MSP) scheme to improve farmers’ income has hit a roadblock as Niti Aayog missed the deadline to suggest a viable procurement model. Finance minister Arun Jaitley had announced in his Budget speech the government would ensure agriculture produce is procured at the revised MSP, which will be 1.5 times the production cost. The Centre had entrusted the think tank with...
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