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Stan AF last won the day on March 19

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  1. I loved that Guy/Girl. He regularly used to take a piss at Kohli's toxic love for brand promotion.
  2. Former CEA rubbishes government arguments, sticks to claim of India overestimating GDP growth PTI | Updated: Jul 18, 2019, 22:19 IST Highlights India's gross domestic product (GDP) growth rate between 2011-12 and 2016-17 should have been about 4.5 per cent instead of the official estimate of close to 7 per cent Subramanian rubbished productivity surge argument saying if that was so benefits accruing to firms in the form of higher profits would have been seen F Former chief economic adviser Arvind Subramanian (File photo) NEW DELHI: Sticking to his analysis that India's economic growth has been overestimated, Arvind Subramanian said he had raised doubts about the GDP numbers in 2015 when he was the chief economic adviser of the Modi government as he found inconsistency between projected growth and other macro indicators. In a new paper 'Validating India's GDP Growth Estimates', the former CEA said he had indicated his doubts on the growth numbers in the Economic Survey in 2015 as well as mid-year Economic Analysis. During 2011-2016, the period he deduced to have seen GDP growth being overestimated by 2.5 percentage points, the Indian economy was hit by a series of shocks - export collapse, twin balance sheet problem, drought, and demonetisation. "Growth in real credit to industry collapsed, falling from 16 per cent to minus-1 per cent, mirrored in the official figures for real investment growth, which declined from 13 per cent to 3 per cent; real exports fell from 15 per cent to 3 per cent; overall real credit slowed from 13 per cent to 3 per cent; and real imports slowed from 17 per cent to minus 1 per cent," he wrote. But the new GDP series, adopted in 2015, suggested that "despite all these large shocks, economic growth declined by very little, slipping from 7.7 per cent to 6.9 per cent. This situation invites a question: is it really possible that these five large adverse shocks had such little impact on GDP growth?" he asked. India's gross domestic product (GDP) growth rate between 2011-12 and 2016-17 should have been about 4.5 per cent instead of the official estimate of close to 7 per cent. "In January 2015, the CSO released new estimates using a new base year (2011-12 versus 2004-05), new data and new methodology. My team and I reviewed these estimates carefully - and immediately had questions about the new numbers. We consequently investigated the matter, but still could not find convincing answers, so we began to express our doubts internally and then externally," he said, pointing to a box he had put in the Economic Survey of 2015 raising doubts on the numbers. Countering the government arguments that had rubbished his June research on GDP numbers, Subramanian said the NDA government did bring reforms such as GST and new insolvency and bankruptcy law but these would "deliver growth benefits in the medium term". He rubbished productivity surge argument saying if that was so benefits accruing to firms in the form of higher profits would have been seen. He also rubbished the consumption surge argument advanced by the government to counter his claim, saying if India had suddenly developed a unique model of sustained consumption-led growth it would have reflected in consumer confidence being high but the RBI's monthly consumer confidence survey paints a different picture. On the government argument that India's tax-GDP ratio rose post-2011 period, he said revenues are affected by more than just economic growth - "they are also affected by changes in tax policies and administration. Amongst the latter were the spate of measures to unearth black money, including demonetisation which led to a spike in collections in 2016," he said. Stating that a variety of evidence suggests that it is likely that India's GDP growth is being overestimated by the new methodology, he said the country's sustained high measured GDP growth after 2011, despite large negative macro-economic shocks, is in contrast to the experience of other large emerging markets. Also, India clocked significantly higher measured GDP growth than all other countries in the post-1980 period, with the same export and investment growth rates, he said. "The evidence suggests that measurement changes likely caused India's GDP to be overestimated in the post-2011 period. Moreover, while it is not possible to say precisely what India's GDP would have been absent the measurement changes, the evidence suggests that the discrepancy in measured GDP growth post-2011 is likely to be significant," he added, suggesting the GDP methodology being re-visited. https://timesofindia.indiatimes.com/business/india-business/former-cea-rubbishes-govt-arguments-sticks-to-claim-of-india-overestimating-gdp-growth/articleshow/70281726.cms
  3. Jalan panel proposes transfer of RBI reserves to govt in tranches over 3-5 years The Committee on Economic Capital Framework, which met on Wednesday for the final time, has reportedly recommended transferring of funds from both contingency and revaluation reserves to the government BusinessToday.In New Delhi Last Updated: July 18, 2019 | 11:00 IST Former RBI governor Bimal Jalan (Photo: Reuters) The Bimal Jalan Committee on Economic Capital Framework has suggested that surplus reserves of the Reserve Bank of India (RBI) should be transferred to the government in phases over three-five years. The final report on Committee on Economic Capital Framework, to be presented before RBI Governor Shaktikanta Das in 15 days, has proposed a formula for the 'nominal' transfer of the RBI surplus reserves. However, reports also suggest that the committee might not be unanimous on the issue and that Finance Secretary Subhash C Garg, one of the six committee members, has some divergent views on the matter. These objections will also be included in the final report. The Committee on Economic Capital Framework, which met on Wednesday for the final time, has reportedly recommended transferring of funds from both contingency and revaluation reserves to the government. However, the panel has also sought a 'period review' of the RBI capital framework. Though there's no clarity on the committee's suggestion on the amount of money to be transferred to the government, Finance Minister Nirmala Sitharaman had budgeted to receive dividends worth over Rs 1.6-lakh crore from the central bank this year. The central bank had the total surplus cash reserves of Rs 9.43 lakh crore on June 30, 2018. It has seen a manifold rise in its surplus funds after a surge in its revaluation reserves from Rs 1.99 lakh crore in FY09 to Rs 6.922 lakh crore in FY18. During the same period, its contingency fund rose to Rs 2.32 lakh crore. Right now, the central bank's assets development fund amounts to Rs 22,811 crore and its foreign exchange forward contracts value at 3,262 crores. The RBI's investment revaluation account is worth Rs 13,285 crore. Apart from Jalan and Garg, other members of the panel include former deputy governor Rakesh Mohan (vice-chairman of the panel), RBI deputy governor NS Vishwanathan, and RBI central board members Bharat Doshi and Sudhir Mankad. The transfer of RBI's reserves to the government has been a contentious issue between the two sides for a long time. The government and the RBI under the previous governor Urjit Patel were at loggerheads over the issue of the surplus capital with the central bank. The finance ministry was of the view that the buffer of 28 per cent of gross assets maintained by the RBI is well above the global norm of around 14 per cent. Following this, the RBI board in its meeting on November 19, 2018, decided to constitute a panel to examine ECF. In the past, the issue of the ideal size of RBI's reserves was examined by three committees -- V Subrahmanyam (1997), Usha Thorat (2004) and Y H Malegam (2013). While the Subrahmanyam committee recommended that contingency reserve should be built up to 12 per cent, the Thorat committee said the reserve adequacy should be maintained at 18 per cent of the total assets. The RBI board did not accept the recommendation of the Thorat committee and decided to continue with the recommendation of the Subrahmanyam panel. https://www.businesstoday.in/current/economy-politics/bimal-jalan-committee-rbi-transfer-surplus-reserves-govt-tranches/story/365383.html ET Article on the same is much more comprehensive https://economictimes.indiatimes.com/news/economy/policy/jalan-panel-finalises-report-on-rbi-capital-recommends-surplus-transfer-to-govt-in-3-5-years/articleshow/70258737.cms
  4. No Place For Virat Kohli In ICC's World Cup XI Updated: 15 July 2019 16:58 IST ন Two India players -- Rohit Sharma and Jasprit Bumrah - found a place in ICC's World Cup 2019 XI while captain Virat Kohli missed out. Here is the team: Jason Roy (Eng) - 443 runs at 63.28 Rohit Sharma (India) - 648 runs at 81.00 Kane Williamson (c) (NZ) - 578 runs at 82.57 Joe Root (Eng) - 556 runs at 61.77 Shakib (B'desh) - 606 runs at 86.57, 11 wkts at 36.27 Ben Stokes (Eng) - 465 runs at 66.42, 7 wkts at 35.14 Alex Carey (wk) (Aus) - 375 runs at 62.50, 20 dismissals Mitchell Starc (Aus) - 27 wkts at 18.59 Jofra Archer (Eng) - 20 wkts at 23.05 Lockie Ferguson (NZ) - 21 wickets at 19.47 Jasprit Bumrah (India) - 18 wkts at 20.61 India captain Virat Kohli, who led the team to the World Cup 2019 semi-finals, failed to find a spot in International Cricket Council (ICC)'s team of World Cup 2019, announced on its official website on Monday. England opener Jason Roy, who was picked ahead of Virat Kohli, had same 443 runs in the tournament. However, Roy's average of 63.29 in 7 matches was better than the right-handed batsman. Virat Kohli averaged 55.38 in 9 matches. India's golden run in World Cup 2019 ended after suffering an 18-run defeat to New Zealand in the first semi-final in Manchester. Two India players -- Rohit Sharma and Jasprit Bumrah -- found places in ICC's World Cup 2019 XI. New Zealand skipper Kane Williamson, who was named player of the tournament, has been named as the captain of the side. Former commentators Ian Bishop, Ian Smith and Isa Guha, cricket writer Lawarence Booth and ICC General Manager Cricket Geoff Allardice picked the World Cup 2019 playing XI. Rohit Sharma and Jason Roy are picked as openers, thanks to their brilliant performance in the showpiece event. Rohit, who scored five tons in World Cup 2019, was the tournament's leading run scorer with 648 runs. Williamson is placed at number 3 spot followed by Joe Root, all-rounders Shakib Al Hasan and Ben Stokes. Australia's Alex Carey, who showed character in the recently concluded tournament, is the wicket-keeper batsman in ICC's playing XI. The bowling attack looks lethal with big names including Mitchell Starc, Jofra Archer, Lockie Ferguson and Jasprit Bumrah in the side. Mitchell Starc was the leading wicket-taker of the tournament with 27 wickets. While, Jofra Archer who bowled the super over for England, had claimed 20 wickets in the tournament. Bumrah, the top ranked ODI bowler, always provided India breakthroughs in crucial moments and picked 18 wickets in the showpiece event. https://sports.ndtv.com/world-cup-2019/virat-kohli-misses-out-in-iccs-world-cup-2019-team-2069905
  5. Stan AF

    COA must go

    I'm assuming that's because earlier they told this trio to choose between either being in CAC or IPL or in commentary. Looks like they've made their choice.
  6. https://timesofindia.indiatimes.com/sports/cricket/news/cac-led-by-kapil-dev-to-take-call-on-indias-coaching-staff/articleshow/70254116.cms
  7. Panel Led By Kapil Dev to Pick Head Coach And National Selectors Devadyuti Das |July 17, 2019, 1:01 PM IST The Supreme Court-appointed Committee of Administrators (CoA) has approached three former players — Kapil Dev, Anshuman Gaekwad and Shantha Rangaswamy — once again and appoint them as the ad-hoc panel to replace the now defunct Cricket Advisory Committee (CAC) to select the new Head Coach as well as the new five-member national selection committee. In two separate meetings held in the last couple of months, the decision to appoint this panel with specific tasks was approved by CoA members Vinod Rai, Diana Edulji and Lt. Gen. (Retd) Ravi Thodge. The current CAC which had former India cricketers Sachin Tendulkar, Sourav Ganguly and VVS Laxman is not defunct with all three of them recusing themselves due to conflict of interest issue. CricketNext can confirm that BCCI General Manager (Cricket Operations) Saba Karim had approached Kapil, Gaekwad and Rangaswamy with the request and all three have agreed to be on the panel to select the next head coach. “The BCCI have approached the three former cricketers and all three of them gave approval for the same. Once the deadline for application for the post, which is July 30, comes to an end, the next steps for the ad-hoc panel will be informed to them,” a senior BCCI official informed CricketNext on Wednesday (July 17). However, according to the new BCCI constitution, the CAC or the ad-hoc panel can only pick the Head Coach while the rest of support staff which includes batting coach, bowling coach, fielding coach, trainer, physio and administrative manager has to be picked by BCCI CEO Rahul Johri. Rule 24 (5) of the BCCI Constitution states: “CEO to appoint team officials for the Indian team which shall compulsorily include qualified coaches, managers, physiotherapists, nutritionists, trainers, analysts, counsellors and medics. However, the Head Coach of each of the National Teams shall be appointed by the Cricket Advisory Committee referred to in Rule 26 (2) A (ii).” However, it is expected that the ad-hoc panel will make recommendations for the support staff as well in discussion with their pick for the new Head Coach. “The decision of the ad-hoc CAC will be final when it comes to the Head Coach. The rest of the support staff they will recommend in discussion with the new candidate and the final decision will be taken by CEO Johri,” the BCCI official added. Interestingly, the tenure of five national selectors led by MSK Prasad has also come to an end and the CoA decided that the ad-hoc panel will also be tasked with picking the new national selection panel. “After some discussion, the COA decided that: (a) The Cricket Advisory Committee (CAC) may be requested to take on the task of appointment of selectors; and (b) In the event the CAC is not agreeable to the same, a separate ad-hoc committee may be constituted for the appointment of national selectors,” CoA minutes of the meeting for May 3, posted on the BCCI website read. The current men’s national selection committee features former cricketers Sarandeep Singh, Devang Gandhi, Jatin Paranjpe, Gagan Khoda and chairman Prasad. “The first task of the ad-hoc panel is to pick the head coach. Once they have got that out of the way, they will get down to picking the selection committee and the process for the same will be communicated to them later,” the official said. It is expected that the selection meeting to pick the squad for West Indies on Friday (July 19) in Mumbai will be the last one for the current panel. https://www.news18.com/cricketnext/news/panel-led-by-kapil-dev-to-pick-head-coach-and-national-selectors-2234513.html
  8. What the hell does this even mean selection morons!!!
  9. NPA crisis: Loan write-offs by banks cross Rs 2 lakh crore By: Shritama Bose | Updated: July 17, 2019 7:04:11 AM In FY18, PSBs had written off loans worth Rs 1.28 lakh crore. Had banks not written off loans worth close to Rs 2.06 lakh crore in FY19, the value of non-performing assets (NPAs) in the system at the end of the year would have risen by an equivalent amount. The amount of loans written off in FY19 by PSBs could turn out to be even higher as the numbers for Dena Bank and Vijaya Bank, which now stand merged with Bank of Baroda (BoB), are unavailable. Write-offs made by 27 banks in FY19 crossed the Rs 2-lakh-crore mark, with 16 public sector banks (PSBs) alone accounting for Rs 1.77 lakh crore worth of written-off loans, according to data put out by banks and compiled by FE. In FY18, PSBs had written off loans worth Rs 1.28 lakh crore. Had banks not written off loans worth close to Rs 2.06 lakh crore in FY19, the value of non-performing assets (NPAs) in the system at the end of the year would have risen by an equivalent amount. The amount of loans written off in FY19 by PSBs could turn out to be even higher as the numbers for Dena Bank and Vijaya Bank, which now stand merged with Bank of Baroda (BoB), are unavailable. According to Reserve Bank of India (RBI) guidelines and policy approved by banks’ boards, non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheets of banks by way of write-offs. Write-offs are part of a regular exercise by banks to clean up their balance sheets and avail tax benefits. Borrowers of written-off loans continue to be liable for repayment and banks keep up efforts to recover them. If recoveries are made from written-off accounts, they get reflected in banks’ non-interest income. State Bank of India (SBI) made the largest amount of write-offs — worth Rs 61,663 crore, up 57.5% from FY18. It was followed by Canara Bank, whose written-off loans added up to Rs 14,267 crore, and BoB, which wrote off loans worth Rs 13,102 crore in FY19. The practice of writing of loans to reduce the value of gross NPAs has been quite prevalent in recent years. Write-offs made by 21 PSBs had risen 57% year-on-year (y-o-y) in FY18 and crossed the Rs 1- lakh-crore mark, according to a reply by minister of state for finance Shiv Pratap Shukla to a Rajya Sabha question last year. The reduction in non-performing assets (NPAs) due to write-offs stood at Rs 1.28 lakh crore as on March 31, 2018, up from Rs 81,684 crore as on March 31, 2017. The value of write-offs added up to over 14% of the aggregate gross NPAs of the 21 PSBs at the end of March 2018. https://www.financialexpress.com/industry/banking-finance/npa-clean-up-loan-write-offs-by-banks-cross-rs-2-lakh-crore-in-fy-19/1646343/
  10. Stan AF

    Why didn’t Tendulkar retire after WC2011?

    Fcuk with all this why tendulkar didnt retire ****.. Question is we should be asking is why selectors haven't dropped dhoni yet?
  11. 1.2 lakh employees in the lurch as BSNL sinks in debt. Where is the bailout? The delay in salary payments arose after BSNL accumulated over Rs 90,000 crore in losses. The only solution is a bailout – one that was not announced in the 2019 Budget. Mithun MK Wednesday, July 10, 2019 - 14:25 Share @Facebook Share @twitter Share @reddit BSNL employees and officers on protest march to Sanchar Bhavan in April,Delhi/ Credit: Janardanan Palot During the Kerala floods in August 2018, when parts of the state were cut off from mobile and landline communication, the rescue and relief operations of millions got severely affected. As power supply to cell towers could not be resumed and with the backup batteries draining out, the state was in darkness and the lives of many were at stake. Forty three-year-old G Murugan was one among the 6,000 odd Bharat Sanchar Nigam Limited (BSNL) technicians tasked with finding and repairing communication cables and restoring cell phone towers at the time. While it took days to restore even partial mobile connectivity, the first landline networks to come back online was that of the BSNL. "It was dangerous work but it had to be done, lives were at stake," says Murugan who was tasked with repairing the cut off cables at Munnar, Idukki district, most of which were underwater. The work by these BSNL technicians helped save many lives during the Kerala floods. For the past five months though, Murugan has not received his salary. Like him, 1.25 lakh contract workers across the country have not been paid by the Centre, because BSNL has accumulated severe losses. Many of them have been working as contract workers with BSNL for decades, doing cable laying and repair, tower maintenance, data entry. Some are also embedded in the marketing and sales division of the BSNL. The plight of BSNL contract workers across the five southern states – and in the rest of the country – is similar. ‘It's getting difficult to stay afloat’ The delay in salary payments arose after BSNL reportedly accumulated over Rs 90,000 crore in losses since 2009. The contract workers were the first to get affected, with salaries not being released since February this year. The Centre even mulled shutting down the PSU, but hesitated after realising that that task alone would cost the exchequer over Rs 1.2 lakh crore. The only route is a bailout – one that was not announced in the 2019 Budget, presented on July 5. In the meantime, the corporate office of the BSNL in Delhi has asked their Kerala circle to terminate some of the contract workers from service. In Tamil Nadu and Karnataka, the regular employees are helping the families of contract employees by pooling in a relief corpus funds. In Telangana and Andhra Pradesh, many of the contract workers are not even recorded in the BSNL work records. The government-run PSU is in violation of labour laws in the two Telugu states, allege their union leaders. For Murugan, with 23 years of service with BSNL, it's getting difficult to stay afloat as his job is to be axed soon if BSNL management has its way. "I am running the house with my wife's salary and I have begun part-time work at a sweet shop,” Murugan says. The crisis manager BSNL employees, regular or hired on contract, have all played major roles in restoring services during many climate-related crises that India has faced. At the time of cyclone Titli and Fani, the first network to come back online was that of BSNL. They were also the only network relied on by officials during the 2015 Chennai floods, and the 2004 Tsunami that left thousands dead in Tamil Nadu, assert BSNL employees. Palanichami, the General Secretary for Tamil Nadu division of the BSNL Casual & Contract Workers Federation says, "No private telecom companies would go and work in Naxal affected regions, but BSNL would, even though it's not profitable. The company is not designed to make a profit, it’s a service arm for the government.” TNM spoke to BSNL contract workers and their union leaders from Kerala, Tamil Nadu, Telangana, and Andhra Pradesh, the situation for them is turning grim with no solution in sight. The Karnataka division of the union is in Delhi trying to deliberate with senior BSNL management to find a way for the salaries to be released. The unions are planning a nationwide strike on July 16 in front of their circle offices. The unions had held a three-day relay strike and have also held agitations, but have little public support. K Mohanan, state president for the Kerala division of the BSNL Casual & Contract Workers Federation says, "All of a sudden, 6,778 workers have been asked to leave with no prior warning. The situation is pathetic. Adding to the misery of not paying salaries to them, the management is asking the other workers to take voluntary retirement, especially those who have crossed the age of 50." Forcing workers to ‘voluntarily retire’ In Kerala, BSNL has decided to terminate some of the contract workers and offer VRS to others. The contract workers in the state approached the Kerala High Court. "The court has given an order saying that any termination will be subject to the final result of the case. That verdict has been misinterpreted by the BSNL management – that the court has given them a free hand in terminating workers. We can only sit in front of the office and shout slogans. What else can we do?" Mohanan asks. “The regular employees in Chennai have pooled in some Rs 2.5 lakh so that the cleaning staff and other workers can withdraw for immediate relief. They are supportive – but for how long? The situation of workers in Karnataka and Tamil Nadu is similar,” Panalichami adds. A Babu Radhakrishnan, the state president for the union in Tamil Nadu, says BSNL's need to hire contract labourers arose after recruitment of regular employees was frozen in 1984. "Throughout India, 1.25 lakh contractor workers are working presently, these numbers have come down from over 2 lakh in 2009 as many had retired. Asking those with only a few years of service to take VRS is unwanted and we will go to court,” he says. “At the time of formation of BSNL in the year 2000, it was told that the retirement age will be the same as central government employees. Without changing the central employee retirement age, you cannot change it for BSNL alone. It's not even necessary to offer VRS – as many as 65,000 contract workers will retire in 2024," he reasons. The public apathy Earlier in March, the video of a BSNL employee – a single mother – crying over her financial distress due to non-payment of salaries had gone viral on social media. But the viral image has not really translated to public support for the 1.25 lakh BSNL workers, who face a bleak future. The non-payment of salary did not become an election issue. And for the public that views BSNL as a poor alternative to other telcos, this issue did not merit an outrage cycle. On the back of the public apathy, the company has been cracking down on unions to ensure there is no ‘trouble’. Unlike regular BSNL employee unions, the casual worker's unions are not recognised by the Centre, and hence have little or no bargaining power. The contract workers unions in the country are limited to just 15 of the 33 BSNL circles. "They terminate those who form or join a union, so there is no combined bargaining power," points out Palnichami. The unions lacking any bargaining power has led to gross labour violations in Andhra Pradesh and Telangana, says B Pari Purna Chary, General Secretary for the BSNL Casual, Contract Employees and Labour Union for Andhra Pradesh and Telangana Telecom Circles. "In both the states, there are over 2,000 benami (without name) contract workers who do works like cable joining, tower maintenance, ward duties, and computer work. During payment time every week, their names get changed on the work records – but the person will be the same,” he says. There have been no terminations in the two Telugu states so far. "We have held agitations and the contract workers have cooperation from regular employees," says Chary. TNM reached out to the Telangana and Andhra Pradesh circle offices of BSNL. The Telangana officials with the HR department say only the Delhi office is qualified to comment on the matter. The Andhra circle office was unresponsive. The task of overseeing the contract workers rests with the General Manager (Work Study & Inspection) Keshava Rao, who said, "The organisation will take a call on the contract workers issue, can't comment any further.” Bailout package To save from the BSNL and MTNL (that services Mumbai and Delhi) from the present financial crisis, the Centre since June has been working on a Rs 74,000 crore bailout package. The government also is planning on monetising the PSU’s assets, towers, land banks, and optical fibre networks. The proposed package involves a Rs 20,000 crore for 4G spectrum, and Rs 40,000 crore for VRS and early retirement benefits. BSNL had missed out porting to 4G due to a Supreme Court order that allowed spectrum allocation through auction only. Thus BSNL had to sit on the sidelines while the rest of the telecom companies upgraded to 4G. BSNL’s move to 4G comes at a time when all other telecom firms are expected to begin 5G trials in the next three months. The unions have little faith that the bailout package would do anything to help improve BSNL’s prospects unless the telecom sector is made a level playing field. The union leaders point fingers at the Telecom Regulatory Authority of India (TRAI) – the statutory body and regulator for the telecommunications sector in India – for relaxing rules and allegedly showing favouritism to Reliance Jio. Some additionally blame the policies adopted by both the NDA and the UPA while they were in power at the Centre. The contract employees now live with the hope that the Rs 14,000 crore cheque for clearing pending employee salaries would be approved soon from the Department of Telecommunications (DoT). "How can people manage 6 months with no salary? That is a question Prime Minister Narendra Modi should answer. A contract worker’s salary would maximum come up to Rs 12,000 a month. They can’t even give this?" Apart from delays salary payments, payments to contractors also have come to a halt. A Periyanna, a BSNL cable laying contractor for ten years says he has not yet received payments worth Rs 5 crore pending since 2017. "Most contractors have stopped taking new tenders from BSNL, the existing work is going on but no new work is happening on the ground," says Periyanna. https://www.thenewsminute.com/article/12-lakh-employees-lurch-bsnl-sinks-debt-where-bailout-105184
  12. Stan AF

    Dhoni: when will the torture end???

    Not surprised in the least bit. BTW they aren't exactly "news" channels.
  13. PM’s advisory council fails to give input on job creation THE ASIAN AGE. | ANIMESH SINGH Published : Jul 15, 2019, 1:16 am IST Updated : Jul 15, 2019, 6:11 am IST Employment and job creation was among the 10 issues on which it was supposed to deliberate. Prime Minister Narendra Modi (Photo: PTI) New Delhi: Despite the fact that unemployment is at a 45-year high of 6.1 per cent and job creation being one of the major challenges before the NDA government, the Prime Minister’s Economic Advisory Council — a panel which had been set up in September 2017 for developing a roadmap on key issues facing the government — till date has not given any input on generating employment. According to highly placed sources, the economic advisory council of the Prime Minister or the EAC-PM, has not given any recommendation or any policy paper on the roadmap for job creation. The EAC-PM has met on a few occasions since its inception, and discussed issues like improving investments in health, agriculture and even skill upgradation, however it is yet to be come up with any concrete recommendations which can help in creating jobs, or enhancing job prospects, sources added. When it was set up in September 2017, the EAC-PM, headed by former Niti Aayog member Bibek Debroy, was mandated to give its inputs on 10 key issues facing the government, directly to the Prime Minister’s Office (PMO). Till date though, the EAC is yet to come out with any concrete recommendations on any of the 10 issues, even as its “council report” on these issues is still awaited. Employment and job creation was among the 10 issues on which it was supposed to deliberate. The other issues were fiscal framework, informal sector, public expenditure, monetary policy and agriculture, among others. Official sources on their part say that based on deliberations, the EAC-PM has been providing advisory inputs to the Government from time to time, but is yet to submit any specific policy paper on the roadmap for job creation and infrastructure financing avenues. During the 2014 Lok Sabha polls, the Narendra Modi-led NDA government had in its election manifesto, focussed on need-based skill development and employability. Also it had promised to develop high impact domains like labour-intensive nanufacturing and tourism. While it especially set up a new skill development ministry and initiated several job creation related schemes like Start-up India and Skill India, yet the fact that unemployment recorded a 45-year high of 6.1 per cent as per the Periodic Labour Force Survey (PLFS) conducted in 2017-18, is likely to keep the BJP-led NDA government's hands full in its second term. https://www.asianage.com/india/all-india/150719/pms-advisory-council-fails-to-give-input-on-job-creation.html

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