-The Hindu SBI reports Rs.11,932 crore NPA divergence in FY19 The Reserve Bank of India's (RBI’s) inspection report has found out that State Bank of India (SBI) under-reported Rs.11,932 crore of bad loans in FY19, which has pushed the bank to report net loss for the financial year 2018-19. The divergence in net non-performing asset (NPA) was also Rs.11,932 crore, the bank informed the exchanges. According to the RBI, provision requirement for SBI increased...
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Not many lessons learnt from water planning failures -J Harsha
-The Hindu In the absence of scientific planning and implementation, measures like Jal Shakti Abhiyan may not be successful Following the massive water crisis across India in the summer of 2019, the Central government hurriedly launched the Jal Shakti Abhiyan (JSA), a time-bound, mission-mode water conservation campaign to be carried out in two phases, across the 255 districts having critical and over-exploited groundwater levels. This campaign, however, was not intended to be...
More »As price rises to Rs 200 a kg, onion goes missing from Bengaluru homes and restaurants
-IANS In November, Karnataka markets received 60-70 quintals of onion a day, which fell by 50 per cent in December, leading to the crisis. Bengaluru: Price of onion shot up to a whopping Rs 200 per kg in Bengaluru due to severe short supply in the market, an official said here on Saturday. "Onion price touched Rs 200 per kg in some retail shops of Bengaluru, after its wholesale rate ranged between...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
More »Data: How disabilities make life difficult for the affected -Vignesh Radhakrishnan
-The Hindu A large share of disabled persons not only lose their jobs but have to spend more towards their livelihood A large number of disabled Indians are not literate and also not a part of the labour force. A high proportion of them lost their jobs after the onset of disability, even as their expenses increased. The conclusions are based on the 76th National Sample Survey 2018. Low literacy levels An overwhelming share...
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