‘Banks may risk losing ₹3,800 cr. from cards

‘Banks may risk losing ₹3,800 cr. from cards’: (The Hindu) Context As per the new report, the Centre’s digital payments push, mainly card payments through Point of Sale (PoS) machines, may leave already capital starved banks bleeding by Rs. 3,800 crore annually. What is the cause? Post November’s note-ban, the government has pushed banks into… Continue reading ‘Banks may risk losing ₹3,800 cr. from cards

Hope in Darjeeling

Hope in Darjeeling: (The Hindu) Context: almost 100 days after a near- total shutdown in Darjeeling hills demanding a separate state of Gorkhaland, Gorkha Janmukti Morcha (GJM) president Bimal Gurung on Tuesday announced withdrawal of the bandh. Introduction: The development came hours after Union Home Minister Rajnath Singh made a fresh appeal to Mr. Gurung… Continue reading Hope in Darjeeling

A modern Police

A modern police: (Indian Express, Editorial Context Government spending money on police infrastructure is only the first step. Modernisation  of police infrastructure : Statistics The government has finally put numbers to the speeding up the modernisation of India’s creaking police infrastructure. The cash on the table is substantial: Rs 25,000 crore over three years, of… Continue reading A modern Police

Centre to review flexi-fares on select trains

Centre to review flexi-fares on select trains: (The Hindu) Context The Union government will review the flexi-fare system introduced in premium trains last year. Reviewing flexi-fare system system The Railways were also planning to reset its timetable by reducing the travel time for 600-700 trains through rescheduling and increasing speed. Discussions were held to review… Continue reading Centre to review flexi-fares on select trains

FM urges CPSEs to spend ‘aggressively’

FM urges CPSEs to spend ‘aggressively’: (The Hindu) Context Finance Minister Arun Jaitley on Thursday asked central public sector enterprises (CPSEs) to aggressively push capital expenditure and warned against any laziness as the government looks to boost growth through increased public spending. What were the demands? The minister asked CPSEs to give “liberal dividends” to… Continue reading FM urges CPSEs to spend ‘aggressively’

UPDATE : Factly for March 2019

Hello, This is to update you that we are working on the final draft of the March Factly. We should be able to release it on 26th April, by all means. P.S. We are also working on the April Factly too. This will be released in the second week of May.

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