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RBI sanctions Rs 21K crore: Punjab gets CCL for wheat procurement

-The Indian Express The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs 1975 per quintal, hiking it by Rs 50 from last year’s Rs 1925 per quintal. Chandigarh: Ahead of the wheat procurement that starts from April 10 in the state, the Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April, 2021 for...

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Behind the politics battle, West Bengal’s slowdown economics -Sandeep Singh and Sunny Verma

-The Indian Express The anti-incumbency Banerjee faces is as much about local-level corruption and competing ideologies as it is about stalled industrialisation, weak credit growth, a near-freeze in new jobs, low infrastructure development and agriculture spend. AS West Bengal Chief Minister Mamata Banerjee fights perhaps her most significant electoral battle, framing her contest is not just BJP vs Trinamool politics — but the state’s economics as well. The anti-incumbency Banerjee faces is as...

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Not for profit: why schools hiking fees aRBItrarily must be reined in -Akshay Tarfe

-The Indian Express Maharashtra government’s move to regulate fees is laudable. But it must also address larger issues of transparency, accountability and inequality related to private schools In February, Maharashtra Minister of State for Education Bacchu Kadu directed the state education department to create a “plan” to take action against private schools allegedly charging excessive fees and repeatedly violating state regulations on school education. Kadu has been at the forefront of hearing...

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Curbs on Indian media continue: U.S. rights report -Sriram Lakshman

-The Hindu Notes several instances of govt pressure on media outlets Washington DC: In its 2020 Human Rights Report, the U.S. State Department said the harassment and detention of journalists critical of the (Indian) government in their reporting and on social media, has continued, although the government generally respected the freedom of expression. It also said government’s requests for user data from Internet companies had increased “dramatically.” The report, which is submitted each...

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Divestment goal achievable; LIC IPO to fetch ₹1 lakh crore: CEA

-PTI/ The Hindu Inflation targeting helped in lowering volatility, level of inflation, he says Asserting that the disinvestment target of ₹1.75 lakh crore for 2021-22 was ‘eminently achievable,’ Chief Economic Adviser (CEA) K. V. Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner ₹1 lakh crore for the government. He also said targeting of retail inflation by the Reserve Bank of India (RBI) has helped bring down...

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