ECONOMY
Print media set to take a big hit due to pandemic
THE FOURTH PILLAR
22.05.20 - VIPIN PUBBY

The coronavirus pandemic has changed the world in many ways and its actual impact may be still beyond the realm of our imagination. It has raised new issues, altered the way of dealing with old issues and led to all kinds of uncertainties.

Economists are divided ...
  


MSMEs need conducive environment to flourish, not Inspector Raj which promotes corruption
LOCAL VOCAL
14.05.20 - VIPIN PUBBY

The Rs 20 lakh crore package announced by Prime minister Narendra Modi, followed by Finance Minister Nirmala Sitharaman’s first dose of liquidity, including a Rs 5.94 lakh crore for the Micro, Small and Medium Enterprises, are aimed at revival of economy after the serious setback ...
  


20 Lakh Crore Joke: A frustrated Indian Entrepreneur writes to PM Modi
ATAM NIRBHARTA
14.05.20 -

Hon'ble Prime Minister Modi Ji,

I write this in great dismay and deep anguish at the sleight of hand of your finance minister. What is being played out is a joke on Indian Economy and its people. Here are five pointers that reflect badly on you: 

1. ...
  


To revive state's economy — Need to think out of the box
POST CORONA PUNJAB
25.04.20 - Tridivesh Singh Maini

According to an IMF forecast, the global economy is likely to shrink by 3% in 2020 (this is likely to be the worst crisis, since the great depression). If one were to look at the case of India, the IMF has predicted a GDP growth ...
  


Sanitation, Justice and Self-interest
AN OPEN LETTER ADDRESSED TO THE STATE AND SOCIETY
21.04.20 -

The covid-19 epidemic has starkly highlighted the role of sanitation in our everyday lives, even as it has also brought into relief the unrewarded and tragically under-appreciated work of sanitation workers.
 
Among other things, there is little general awareness of the fact that sanitary workers ...
  


Bring wheat harvest, storage under MGNREGA: Experts
SOS IN CRISIS
17.04.20 -

(NOTE – At a time when large sections of Indian media continue to act as super-spreaders of communal virus, some continue to shine as great examples of progressive journalism. Among these are many reports, writings, editorials in the Punjabi Tribune. We bring you this report, ...
  


The Long March Home
MIGRANT LABOUR EXODUS
03.04.20 - Devinder Sharma

"It was poverty that forced me to leave my village, and here I am  ... I still have no money,” said Sanjay Choudhary, a construction worker in Nagpur, after he undertook an arduous journey to return back to his native village in Garhwa district in ...
  


Daily wage earners whom the government forgot
SHEER NEGLIGENCE & INCOMPETENCE!
02.04.20 - VIPIN PUBBY

THE HEART-WRENCHING photographs of lakhs of daily wage earners walking back to their homes along with their family member reminded some of the photographs of the tragic partition when millions had to similarly trudge for miles across the newly created borders. 

It is apparent that the ...
  


6 banks cease to exist from today; Merger of 10 PSU banks into 4
NEW FINANCIAL YEAR
01.04.20 - Team PT

The biggest ever consolidation exercise in the public sector banking space is slated to take shape on Wednesday when six PSU lender will be merged into four in a bid to make them globally competitive.

The exercise assumes significance as it is taking place at ...
  


From today, these 5 new Income tax rules come into effect
NEW FINANCIAL YEAR
31.03.20 - Team PT

The new financial year 2020-21 is starting from today (April 1). In view of the lockdown to check the spread of corornavirus, the government had earlier extended the deadline for filing income tax returns for 2018-19 as well as that for linking PAN with ...
  


PM ‘cares’ but for whom? What happened to the PM's National Relief Fund?
CONTROVERSY
31.03.20 - Team PT

Prime Minister Narendra Modi's decision to establish the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund, or the PM CARES Fund, amid the ongoing COVID-19 crisis, has triggered a controversy with many questioning the logic behind it. 

PM cares. But ...
  


We have entered recession, that will be worse than in 2009 following the global financial crisis: IMF chief
COVID-19 IMPACT
28.03.20 - Team PT

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.

"It is clear that we have entered a recession” that will be worse than in 2009 following the global financial ...
  


Rs 50 Lakh Medical Insurance, cash transfer, free LPG, grains, part of centre's coronavirus package
TO TACKLE LOCKDOWN IMPACT
26.03.20 - Team PT

To protect the poor from the economic impact of the 21-day nationwide lockdown, the Narendra Modi government today announced a Rs 1.7 lakh crore Prime Minister Gareeb Kalyan Yojana. Finance minister Nirmala Sitharaman said the relief package includes direct benefit cash transfers, free LPG, grains ...
  


Amarinder terms FM’s announcements as inadequate to address concerns of people
ECONOMIC MESS IN WAKE OF COVID-19
24.03.20 - Team PT

Punjab Chief Minister Captain Amarinder Singh has expressed disappointment over the announcements made by the Union Finance Minister, terming them as inadequate to address the concerns of the people, businesses and industry in the light of the COVID-19 pandemic gripping the nation.

The announcements made by ...
  


No need to panic; India has enough food stocks to tide over Corona Virus crisis
EXPERT SPEAK
19.03.20 - Devinder Sharma

As European Union sealed its borders in a desperate attempt to put the brakes on the ferocious spread of the corona virus pandemic, a young Indian student returning from Italy recounted how the battle for a loaf of bread has intensified in a country which ...
  


SBI cuts interest rates on savings accounts; Waives average bonthly balance requirement
11.03.20 - Team PT

The State Bank of India, country's largest lender, today rationalised interest rate on all savings bank (SB) accounts to a flat 3%, a move affecting 44.51 crore account holders. Currently, the interest rate on SBI saving accounts is 3.25% for deposits up to Rs 1 ...
  


Anil Ambani's Networth is Zero, His Lawyers Tell UK Court in Loan Default Case
08.02.20 - Team PT

Reliance Group chairman Anil Ambani was a wealthy businessman and now he is not as a result of a "disastrous turn of events" in the telecom market in India, his lawyers told a UK court on Friday as they fought a bid by top Chinese ...
  


Finance Minister Nirmala Sitharaman could have quoted these poets too...
UNION BUDGET 2020
02.02.20 - Markandey Katju

The Union Finance Minister, Nirmala Sitharaman, has displayed her fantastic erudition by quoting several poets—Kashmiri poet Dinananath Kaul Nadeem, Tamil poet Thiruvalluvar, Sanskrit poet Kalidas, etc in her recent budget speech.

However, I wish she had also quoted the following:

1. Ved Vyas, who wrote ...
  


The Indian economy: What is the real way out of this crisis?
GDP PROJECTION SLIDES
21.01.20 - Markandey Katju

The International Monetary Fund (IMF) has lowered its global economic growth projection for 2020-2021 due to sharp decline in the Indian economy, which is now estimated to grow 4.8% in 2019-2020, whereas in October the IMF had projected an expansion of 6.1% for ...
  


Punjab Mandi Board launches e-PMB mobile app to make paperless operations
08.01.20 - Team PT

In a bid to virtually make Rabi Management System 2020-21 paperless operation, the Punjab Mandi Board has launched e-PMB, a mobile application as well as Integrated Management System (IMS) to provide real time information of procurement to the farmers.

Launching this farmer friendly mobile app, Chairman ...
  



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