-The Economic Times blog In 2016-17, the average Indian earned Rs 1.12 lakh a year, about Rs 9,300 every month. That year, the average person in Kerala made Rs 1.98 lakh a year, a monthly income of Rs 16,500. Uttar Pradesh is home to 200 million people, the combined population of Italy, South Korea and Spain. Each average person in UP earns Rs 72,300 every year, around Rs 6,000 per month. The...
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Premium trains run empty -Vedika Chaubey
-The Hindu Flight tickets are often cheaper than train fares on these services thanks to the flexi fare system Railway Minister Piyush Goyal’s announcement last week that the public transporter was reviewing the scheme of flexi fares introduced in September last year reflects the paradox of a surge in railway revenue even as premium trains run with vacant seats. While Railway revenues have surged by Rs. 500 crore in the one year since the...
More »How palm oil from Malaysia fired the Patel agitation in Gujarat -M Rajshekhar
-Scroll.in It is hard to understand why the Indian government continues to favour palm oil imports over homegrown edible oils in Gujarat and elsewhere. Dhirubhai is in dire straits. He can no longer recover his investments on the groundnuts he grows on three acres of land along the Junagadh-Verawal road in Gujarat. In a good year, he grows 100 kilos of groundnuts – or peanuts – for every Rs 4,000 he invests....
More »Modi's Saubhagya Yojana: Repackaging an Already-Repackaged Scheme -Ravi Nair
-TheWire.in In addition to “launching” a scheme that basically already existed, the prime minister’s claim that his government has a good record on rural electrification contradicts the data. Prime Minister Narendra Modi this week announced a reportedly brand new scheme to electrify all villages in India and to provide electricity to all by the end of 2018. The scheme was called the Pradhan Mantri Sahaj Bijli Har Ghar Yojana or ‘Saubhagya’ intiative....
More »Digital payments push may blow Rs3,800 crore annual hole in banks: report
-PTI After demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online payments Mumbai: The government’s digital payments push, mainly online card payments through point-of-sale (PoS) machines, may leave already capital starved banks bleed by a whopping Rs3,800 crore annually, warns a report. After demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage...
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