Front Page / NATIONAL
Rs. 35,000 cr. to ease rural cash crunch: Union Finance Minister Arun Jaitley directed commercial bank chiefs on Monday to focus their attention on rural India’s cash crunch over the next 40 days, with a war chest of Rs. 35,000 crore for providing credit to farmers by December.
Sack 70-year-old cricket bosses, says Lodha panel: Tightening the leash on the powerful and the political among the administrators in the Board of Control for Cricket in India (BCCI) and its member State associations, the R.M. Lodha-led Supreme Court Committee reiterated before the apex court its recommendation to remove office-bearers who are over 70 years old, government ministers and those who have already served at the Board’s helm for nine years.
Prithvi-II missiles successfully test-fired: Two Prithvi-II missiles were successfully test-fired in salvo mode from the launch the Integrated Test Range near Balasore in Odisha. The Strategic Forces Command (SFC) fired the missiles from a road-mobile launcher.
Pakistan risks relations in South Asia if it keeps blocking SAARC initiatives: South Asian nations will begin to look at other “alternatives” if Pakistan continues to “block” SAARC initiatives.
Lessons from a disaster: The derailment of the Indore-Patna Express in Kanpur Dehat, with the death toll at least 146, is a stark reminder that India’s strained railway system can be unpredictably risky.
Quick fixes for deep-rooted issues: Reducing corruption, illicit money and market informality are worthy objectives. But as yet, there is no road map for creating the institutional architecture needed for a cashless society.
The buck stops with the States: Given the diversity in development between States, it is only prudent that land acquisition laws be customized to suit local requirements.
Give tax breaks for digital payments, says Niti Aayog: Niti Aayog has proposed giving tax breaks to consumers and merchants for debit or credit card payments.
SCIENCE AND TECHNOLOGY
Discovery of special stem cells in fruit flies to help study diseases: Researchers have discovered hematopoietic stem cells in Drosophila (fruit flies), thus providing an invertebrate model to study hematopoietic stem cells. Hematopoietic stem cells are the stem cells that give rise to all the other blood cells.
Learn by accident: Railways needs greater focus on flagging infrastructure, improvement of rescue and relief operations.
Why trains derail: The system needs a generational change.
Marrakech fails to live up to the promise of Paris: From India’s point of view, Marrakech was quite a dampener after the Paris high.
Economic aspirations and the Indian State: State-capability failure broadly manifests itself in two ways: implementation deficit, and decision-making paralysis.
Managing the impact of demonetization: It will certainly be negative and could reduce potential gross domestic product in the medium term.