-Centre for Budget and Governance Accountability (CBGA) The Interim Union Budget 2019-20, the last budget presented by the incumbent Government, comes at a time when the economy is beset with myriad problems. Among the various challenges facing the economy, perhaps the most critical are those related to the acute agrarian distress, burgeoning unemployment and slowing down of the economy. While it is true that many of these problems began prior to...
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Students hit Delhi streets for jobs -Pheroze L Vincent
-The Telegraph The main organisers of the march included the student and youth wings of the CPIML-Liberation, Samajwadi Party and Swaraj India They came for jobs and to defend the quota. Thousands of students hit the streets of the national capital on Thursday, marching from Red Fort to Sansad Marg, to demand better employment and education opportunities in a show of strength that brought together youths from across the country. The 6km march of...
More »Government admits roster axe on tribal quota in teaching jobs -Basant Kumar Mohanty
-The Telegraph Review petition to be filed in Supreme Court against judgment that calls for department as unit for working out quotas The Government on Thursday admitted before a parliamentary panel that the Scheduled Tribes would virtually be left without reservation in college and university teachers’ jobs if each department is considered the unit for calculating the quotas, as mandated by the courts. Human resource development ministry officials who appeared before the panel...
More »A costly short-term borrowing: Dip into small savings -Sunny Verma
-The Indian Express The NSSF collects funds through small savings schemes, such as Post Office Savings Account, National Savings Time Deposits, National Savings Recurring Deposits, National Savings Monthly Income Scheme. It is a costlier form of borrowing for the Government as compared to market loans. New Delhi: AN INCREASED reliance on the National Small Savings Fund (NSSF) and issue of recapitalisation bonds has helped the Government to improve its fiscal affairs...
More »RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the Government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
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