-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
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The reality of rural electrification in India -Nikita Kwatra
-Livemint.com While there has been progress in providing electricity to rural households, there have been no real efforts to improve the quality of power supply Delivering electricity to nearly every village in India has been one of the most celebrated achievements of the Narendra Modi government. However, a study by Sreekumar Nhalur and others published in the latest Economic and Political Weekly suggests it may be too soon to celebrate. The authors argue...
More »Tamil Nadu noon meal scam: Income Tax seizures reveal payment of Rs. 2,400 crore in kickbacks to politicians, officials -S Vijay Kumar
-The Hindu Seizures from premises of Christy Friedgram industry included documents related to suspicious payments and classified documents like proposals for posting of IAS officers. Chennai: The Income Tax Department has unearthed documents that expose an alleged nexus between a major supplier of food items for Tamil Nadu’s flagship noon meal scheme and politicians, bureaucrats and their associates. Analysis of electronic storage devices and documents seized from the premises of Tiruchengode-based Christy Friedgram...
More »Amid institutional decline -Arun Kumar
-The Hindu The issue today is whether a dishonest system can be managed honestly Allegations of interference in major institutions have been the big news of late. The ongoing fracas in the Central Bureau of Investigation (CBI) has got out of hand, with the two top officials in the chain of command accusing each other of corruption. The recent pronouncements in the Supreme Court do not promise an early resolution. The fight against...
More »Nestle drops scientific meet on baby food -GS Mudur
-The Telegraph Breastfeeding Promotion Network of India sees no science in the session, just industry promotion The global food-maker Nestle cancelled a “scientific session” on infant formulas it planned to host for paediatricians in New Delhi on Friday after speakers declined invitations amid concerns the meeting would violate laws on infant food substitutes. Two paediatricians invited to speak at the session — titled “Infant formulas: Paediatricians dilemma” — informed the company they would...
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