World Economics

RBI admits loan frauds under Modi Govt three times higher than UPA-II https://www.nationalheraldindia.com/india/rbi-admits-loan-frauds-under-modi-govt-three-times-higher-than-upa-ii?fbclid=IwAR1YxzbnYm8HJSCW1oSlkV8ZUfHu6eMQqNd7EqMonLKJ7augKBMP_1JGBDQ In response to an RTI application, RBI admits that both the number of and the amount involved in bank frauds have spiralled in the last 4 years compared to the 5 years of UPA-II between 2009 & 2014 RBI admits loan frauds under Modi Govt three times higher than UPA-II NH Web Desk NH Web Desk Published: 25 May 2018, 7:45 PM Engagement: 305.413 K In response to an RTI application filed by economist and activist Prasenjit Bose, the Reserve Bank of India has now confirmed that in the last four years of the Modi Government, loan frauds have amounted to a whopping ₹55,000 crore more than in the previous five years of UPA-II under former Prime Minister Manmohan Singh. Expressing his shock and dismay, Bose said, “Where are the inves...

Ayodhya verdict: Allahabad High Court says divide land in 3 ways India | NDTV Correspondent | Updated: October 01, 2010 00:31  LUCKNOW:  Sixty years after it first went to court, the Lucknow bench of the Allahabad High Court has pronounced judgment in the Ayodhya title suit, saying Hindus and Muslims are joint title holders. The three-judge bench - comprising Justice S U Khan, Justice Sudhir Agarwal and Justice D V Sharma - ruled in a majority judgment 2:1, that there be a three-way division of the disputed land - one-third for the Sunni Waqf Board, one-third for the Nirmohi Akhara and one-third to the party for 'Ram Lalla'. Each of the three judges gave a summary of his own. Justice Khan pointed to the unprecedented nature of Hindus and Muslims worshipping together for centuries. (Read: Muslims, Hindus worshipped together, says Justice Khan) And Justice Aggarwal observed that the inner courtyard of the building belonged to both Hindus and Muslims. (Rea...

INDIAN ECONOMY India has ‘capitalist-respecting environment’, Nirmala Sitharaman tells investors in US The finance minister said the details of the government’s policy to attract more investments in Jammu and Kashmir would be available very soon. File photo of Finance Minister Nirmala Sitharaman. | PTI Union Finance Minister Nirmala Sitharaman on Wednesday said India has a “capitalist-respecting environment” as she pitched to international investors in the United States. She said the government was continuously working to bring reforms to cut down delays. “It [India] is one of the fastest growing [economies] even today,” Sitharaman said, adding that there was “no better place” than India for investments. “It has the best skilled manpower and a government that is continuously doing what is required in the name of reforms, above all democracy and rule of law.” ADVERTISEMENT On being asked why investors should allocate funds for India, the finance minister said the rule...

Agenda of the 73rd Session (UNGA 73) Agenda A/73/252 - Allocation of agenda items for the 73rd session of the General Assembly (21 September 2018) + A/73/252/Add.1 A/73/251 - Agenda of the 73rd session of the General Assembly (21 September 2018) + A/73/251/Add.1 A/73/250 - Adoption of the agenda and allocation of items (19 September 2018) A/BUR/73/1 - Draft agenda contained in the Memorandum by the Secretary-General (18 September 2018) A/73/150 - Provisional agenda of the 73rd session (20 July 2018) Programme of work A/INF/73/3 - Programme of work of the General Assembly: Schedule of plenary meetings (21 September 2018) Items to be included in the provisional agenda A/73/50 - Preliminary list of items to be included in the provisional agenda of the 73rd regular session (15 February 2018) A/73/100 - Annotated preliminary list of items to be included in the provisional agenda of the 73rd regular session (14 June 2018) + A/73/100/Add.1 A/73/141 - Strengthening an...

Effects Of Global Economic Slowdown "More Pronounced" In India: IMF Chief The new IMF chief warned that the widespread deceleration means that growth in 2019-20 will fall to its "lowest rate" since the beginning of the decade. All India | ANI | Updated: October 09, 2019 09:58 IST by Taboola Sponsored LinksSponsored Effects Of Global Economic Slowdown 'More Pronounced' In India: IMF Chief Almost 90 per cent of the world will face slower growth, the new IMF chief warned. WASHINGTON: IMF chief has warned that India will be hit hard by global slowdown Global economy was in a synchronized upswing 2 year ago, she said Almost 90% of the world will face slower growth this year, she warned As the global economy is witnessing "synchronized slowdown", the effect is "more pronounced" this year in some of the largest emerging market economies like India, said the new International Monetary Fund (IMF) Managing Director, Kristalina Geor...

THE IMF CONFIRMS THAT 'TRICKLE-DOWN' ECONOMICS IS, INDEED, A JOKE Like, an actual joke. JARED KELLER UPDATED:JUN 14, 2017ORIGINAL:JUN 18, 2015 (Illustration: Dawn Hudson/Shutterstock) (Illustration: Dawn Hudson/Shutterstock) "Trickle-down" economics began as a joke. Seriously. If there’s one person most often associated with the origins of of trickle-down economics, it’s President Ronald Reagan. Few people know, however, that the phrase was actually coined by American humorist Will Rogers, who mocked President Herbert Hoover’s Depression-era recovery efforts, saying that "money was all appropriated for the top in the hopes it would trickle down to the needy." Rogers’ joke became economic dogma within two generations, thanks in large part to Reagan. At the center of Reagan’s economic doctrine was the idea that economic gains primarily benefiting the wealthy—investors, businesses, entrepreneurs, and the like—will "trickle-down" to poorer ...