-Hindustan Times On November 7, the government amended the electoral bonds scheme to allow their sale for 15 extra days during the “year of general elections to the Legislative Assembly of States and Union territories with Legislature NEW DELHI: Electoral bonds worth ₹676.26 crore were sold from November 6 to 15 after the government allowed the sale of bonds for an additional 15 days ahead of state elections in Gujarat and Himachal...
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First Time in 20 Years, Currency in Circulation Declines in a Busy Diwali Week: SBI
-The Telegraph In a remarkable development, for the first time in 20 years, currency in circulation (CIC) declined during Diwali week. With the increased acceptance of digital payments in the country, over-reliance on cash is slowly fading away. Over the years, the Indian cash-led economy has now changed to a smart-phone led payment economy, says a research note. In the report, Dr Soumya Kanti Ghosh, group chief economic adviser of State Bank...
More »The electoral bonds scheme and the challenges to it in Supreme Court -Diksha Munjal
-The Hindu So far, from March 2018 to April 2022, over 18 thousand bonds worth over ₹9.8 thousand crore have been sold by the SBI in 20 tranches The story so far: The Supreme Court is expected to hear the petition filed by the Association for Democratic Reforms (ADR) challenging the Centre’s electoral bonds Scheme soon. . The plea has been pending since 2017. The interim petitions seeking to stay the electoral bonds...
More »State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names -Yogesh Sapkale
-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them. SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...
More »Farm ponds as an agent of rural transformation -S Adikesavan
-The Hindu Business Line A bank-supported NGO initiative has transformed agriculture in the Hubli-Dharwad area Can a small investment of, say, ₹97,000, for digging farm ponds make for increase in farm incomes and improvement in farmers’ livelihoods? Can such farm ponds lead to an increase in cropping intensity and higher productivity? Can these minor investments then be replicated across the country as only 50 per cent of India’s net sown area of...
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