Heat, water and ice: India in 2019

Heat, water and ice: India in 2019

The globe is heating up, and India is no exception, and 2019 was the 7th warmest since 1901! The warmest year was 2016. The rise in average temperatures over India in 2019 was the lowest since 2016, according to a report from the India Meteorological Department (IMD). Nevertheless, the year that went by was the […]

Factory production was up in December, but business isn’t exactly smiling

Factory production was up in December, but business isn’t exactly smiling

India’s factory activity expanded at its fastest pace in seven months in December as a jump in new orders prompted companies to ramp up production, a private business survey showed, says a Reuter’s report from Bangalore. But, while policy makers may be smiling, the business sector is still very low on optimism, the report adds. […]

In January, some e-shoppers will be smiling!

In January, some e-shoppers will be smiling!

No MDR charges are applicable on transactions through  RuPay and UPI platforms since January 1, 2020. This was  to promote digital payments, Finance Minister Nirmala Sitharaman  said. The Department of Revenue (DoR) has notified RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). Accordingly, all companies […]

Thanks to Banks, Cash is still King worldwide!

Thanks to Banks, Cash is still King worldwide!

Cashless  is accepted everywhere. Our phones have payment apps  that work perfectly. A digital bank transfer lands  the money  within the hour, and systems such as PayPal , PayTM, and others allow us to settle any account in an instant. The government would like us to assume that cash is on the way out. Reality […]

Biz- starved banks to hold loan fairs across 250 districts

Biz- starved banks to hold loan fairs across 250 districts

Listen up, folks! Indian banks are now ready to do business with ordinary folk and are a bit leery of the big ticket investors. The ‘loan mela’ days are back again. The first phase of ‘Loan Mela’, an outreach programme for providing credit to retail customers and MSMEs, will begin from Thursday across 250 districts […]

आर्थिक संकट और बेरोज़गारी की मार

आर्थिक संकट और बेरोज़गारी की मार

स्टील उद्योग में इन दिनों सुस्ती होने की वजह से टाटा स्टील, जेएसडब्लू और आर्सेलर मित्तल जैसी बड़ी कंपनियों ने अपने उत्पादन में कटौती की है। इस कारण सैकड़ों छोटी कंपनियां या तो बंद हो गई हैं, या फिर उनके यहां उत्पादन ठप पड़ा है। 50 हज़ार लोगों को बेरोज़गारी का सामना करना पड़ रहा […]

Textile industry advertises Job Loss!

Textile industry advertises Job Loss!

Losses in India’s textile industry are spinning out of control, jobs are being snipped off, and exports are falling off. Yet there’s no focus on an industry which is being crippled by high interest rates and high taxes on export. The Indian textile industry which provides employment to about 10 crore people directly and indirectly […]

Did FinMin mislead the Lok Sabha?

Did FinMin mislead the Lok Sabha?

Did our new finance minister attempt to  mislead parliament? There appears to be some disinformation in her budget speech. Presenting her maiden budget speech, Finance Minister Nirmala Sitharaman declared that the allocation on Education during the 2019-20 fiscal will be three times the revised estimate. But she stopped short of mentioning any figure. She just […]

Union Budget: Key points

Union Budget: Key points

Union Finance Minister Nirmala Sitharaman presented the budget in Lok Sabha. Here are the key points of Budget 2019 which will give you a fair idea of what will be costlier (or cheaper) now, and in which direction the country will be moving: No change in Income Tax slabs. However, surcharge has been increased for […]

Communal Amity is good for boosting GDP

Communal Amity is good for boosting GDP

According to a report published by the NGO ADF, religion related violence in India cost the nation approximately 80 lakh crore rupees, that’s about 9 % of the GDP. No doubt, the government of India ‘rejected’ the International Religious Freedom report released by the United States that stated that religious intolerance was on the rise […]

Over 6,800 cases of bank fraud in one year!Transparency demanded.

Over 6,800 cases of bank fraud in one year!Transparency demanded.

Following a national news agency report that an ‘unprecedented hike in bank fraud cases’ happened under the Modi government watch in 2017-18, politicians are coming out with their reactions. It remains to be seen what the finance minister says on the issue. “Through an RTI query, it has been revealed that the the bank fraud […]

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