ECONOMY
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 ...
  


Beware! Your Smartphone Is Revealing Everything About You
ZERO PRIVACY
26.12.19 - Team PT

DOES IT REALLY MATTER that your information isn’t actually anonymous?

In today’s smartphone economy, hiding your location has become a major challenge.

At any moment, someone knows where you are, or have been, and they might even be able to work out where you will go next.

For ...
  


Industry department accords one-time special opportunity to industrial units to migrate to new policy
18.12.19 - Team PT

The Punjab Industrial & Business Development Board has accorded one-time special opportunity of making application to such industrial units desirous and eligible for migration from Fiscal Incentives for Industrial Promotion (Revised) – 2013 to Industrial and Business Development Policy, 2017, within 60 days from the ...
  


The Onion Crisis in India
06.12.19 - Markandey Katju

The majority of India’s 1.35 billion people are very poor. And many of such poor people subsist by eating roti with some salt and a few onions, as they can afford little else. Onions are therefore as important for the Indian masses today, ...
  


We Are Facing A National Crisis
INDIAN ECONOMY
29.11.19 - VIPIN PUBBY

Indian economy is in a bad shape. The government must not shy away from consulting experts and in accepting advise from them and business leaders. We are facing a national crisis and need to formulate an effective response.

THERE IS hardly a day when newspapers don’t report ...
  


Modi government now must turn its focus on the economic front
26.10.19 - VIPIN PUBBY

The continuing downturn in economy, reflected in a number of parameters and data pouring in from various agencies, is a cause of serious concern and government must pay immediate attention to this serious issue.
 
The slowdown in the economy that began about five years ago ...
  


Nobel Prize in Economics won by Banerjee, Duflo and Kremer for fighting poverty
ABHIJIT BANERJEE IS JNU ALUMNUS
14.10.19 - Team PT

Three researchers with an "experimental approach to alleviating global poverty" have won this year's Nobel in economics, the Royal Swedish Academy of Sciences says. 

The prize was won by French-American researcher Esther Duflo, her fellow MIT researcher Abhijit Banerjee, and Michael Kremer at Harvard, the New ...
  



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