-The Pioneer Ranchi: A large number of ration card holders from Nagri and activists of Right to Food Campaign, led by noted socio-economist Jean Drèze on Monday marched to Raj Bhawan demanding immediate withdrawal of  ‘Direct Benefit Transfer (DBT) for Food subsidy’  and restore the old system of providing rice at Re 1 per kg to the poor people at ration shops. Drèze, who was stopped at Raj Bhawan by the district...

-Macroscan.org Indian banking today is at a tipping point. Banks are burdened with non-performing assets, incurring significant losses due to provisioning and unable to sustain credit growth, and therefore changes are both necessary and inevitable. There are possible strategies with very different implications: many leading banks could be restructured with state support and encouraged to regain the status they had as major instruments of development policy in the two decades after...

-The Hindu We need stricter adherence to sound banking rules and more transparency from public and PRIvate players The bank frauds involving Punjab National Bank (PNB) and the companies associated with businessmen Nirav Modi and Mehul Choksi as well as the Rotomac case couldn’t have come at a worse time. The Indian banking system is already reeling under the pressure of growing NPAs, or non-performing assets (less politely known as loans that...

-The Times of India NEW DELHI: The safety and operational performance of 700 large dams across 18 states will be improved through repair and rehabilitation work over six years (2020-26) at an estimated cost of nearly Rs 7,000 crore. Some of these dams will also be developed as tourist destinations so that it can generate revenue for maintenance and create jobs for local people. The World Bank-funded project was cleared by...

-The Hindu The approved methodology for auction of coal mines / blocks for sale will PRIoritise on transparency and ease of doing business. The Centre opened up commercial coal mining for the PRIvate sector on February 20. About 70% of power generated in India uses coal. Domestic coal has been able to meet only 75% of our annual coal demand. * What is the significance of the move? The government has termed it the...