1) Steep rise in debts offsets value of family assets. With everything from a pair of jeans to a nose job available on EMIs these days, it's no surprise that the average Indian family is deeper in debt now than ever before. Though a household's assets have become more valuable over the past decade, its debts too have grown at times outpacing the former.
2) 25% cut in cancer, cardio, diabetes deaths. The health ministry has chalked out an overarching National Multi-Sectoral Action Plan to reduce premature deaths from cancer, diabetes and heart diseases by 25% in the next 10 years, reports Sushmi Dey .These diseases account for a socio-economic loss of 2-8% of GDP , according to government estimates. The plan, involves 27 government departments. It will be drafted into a policy statement soon, a senior official said. The plan also includes multi-sectoral steps required to control the behaviourial risk factors of NCDs such as use of tobacco and alcohol.
3) Mobiles making India less cash conscious. A generational shift is taking place in the way Indians make payments Fund transfers through mo bile are growing much faster than other payment modes and payments through che ques continue to fall. In the current financia year, mobile wallets overtook mobile banking in number o transactions. Mobile wallets transactions -from phone recharges to paying for cabs or shopping online -trebled to almost 400 million through April-November 2015. Mobile banking, where the number of transactions more than doubled from 98 million during the first eigh months of 2014-15 to 265 mil lion during this fiscal year appears to be a laggard. If the current pace of growth continues, in a matter of months, mobile-based transactions -wallets as well as m-banking -will overtake cheque payments. At the current level, mobile-based transactions add up to 602 million, which is 83% of the 723 million cheques cleared during AprilNovember. A year ago, this proportion was less than 30%.This rise is attributed to a fall in the number of transactions through cheques.
4) Munak canal water supply to Delhi cut. Security forces on Sunday burst tear-gas shells to force Jat protesters to decamp from Munak canal in Sonipat district of Haryana from where the water supply to Delhi was disrupted by the agitators on Saturday . Two protesters were injured in the face-off, which ended with police and paramilitary personnel falling back as the protesters foiled their attempt to restore the water supply to the national capital. One of the two injured protesters died later, reports Sukhbir Siwach. The vicitm has been identified as Sumit, a resident of Mallah Majra village.
5) Skiing team headed for Russia stranded. A six-member national team of skiers on its way to participate in the FIS Alpine Junior World Ski championships in Sochi, Russia, remains stranded in Himachal. The team has to take a flight from Delhi to Moscow on February 23.
6) Govt for cooperative federalism, says fin secy. “More untied grants are now being given to the states...The focus of the present government is unique in the sense as it allows more fiscal and legislative space to the States,“ Watal said in an interview to Finance Ministry's YouTube channel. So far this fiscal, “over Rs 4.1 lakh crore (78.6% of Budget Estimates) has been released to states by way of tax devolution and three more instalments will be released in March 2016 based on the tax collections till then“, Watal said. The 14th Finance Commission (FC) award has significantly raised the level of devolution of divisible resources to states from 32% to 42%. In Budget 2015-16, the Finance Ministry had made a provision of Rs 5.24 lakh crore under devolution of taxes to states as compared to the allocation of Rs 3.38 lakh crore in 2014-15. On the transition from Planning Commission to NITI Aayog, Watal said that the coming year would be the last year of the 12th Five Year Plan.
7) Big wins for Clinton, Trump; Bush bows out. Sanders Loses By Narrow Margin In Nevada; Rubio, Cruz Taste Crushing Defeat In S Carolina. Frontrunners Hillary Clinton and Donald Trump fended off challenges from their respective Demo cratic and Republican rivals to stay ahead in the race to the White House, as a little more clarity emerged in the seemingly interminable US presi dential elections, with its multiple rounds of debates, primaries, and caucuses in the run up to nomination process. In the contest for the Democratic Party nomination, Hillary Clinton edged out her leftist rival Bernie Sanders in Nevada, in state caucuses that were widely expected to back her but turned out to be more fiercely contested than expected. The 53-47 per cent vote victory , built on support from black and Hispanic voters, restored confidence in the Clinton camp after a crushing setback in New Hampshire had shaken her campaign.
2) 25% cut in cancer, cardio, diabetes deaths. The health ministry has chalked out an overarching National Multi-Sectoral Action Plan to reduce premature deaths from cancer, diabetes and heart diseases by 25% in the next 10 years, reports Sushmi Dey .These diseases account for a socio-economic loss of 2-8% of GDP , according to government estimates. The plan, involves 27 government departments. It will be drafted into a policy statement soon, a senior official said. The plan also includes multi-sectoral steps required to control the behaviourial risk factors of NCDs such as use of tobacco and alcohol.
3) Mobiles making India less cash conscious. A generational shift is taking place in the way Indians make payments Fund transfers through mo bile are growing much faster than other payment modes and payments through che ques continue to fall. In the current financia year, mobile wallets overtook mobile banking in number o transactions. Mobile wallets transactions -from phone recharges to paying for cabs or shopping online -trebled to almost 400 million through April-November 2015. Mobile banking, where the number of transactions more than doubled from 98 million during the first eigh months of 2014-15 to 265 mil lion during this fiscal year appears to be a laggard. If the current pace of growth continues, in a matter of months, mobile-based transactions -wallets as well as m-banking -will overtake cheque payments. At the current level, mobile-based transactions add up to 602 million, which is 83% of the 723 million cheques cleared during AprilNovember. A year ago, this proportion was less than 30%.This rise is attributed to a fall in the number of transactions through cheques.
4) Munak canal water supply to Delhi cut. Security forces on Sunday burst tear-gas shells to force Jat protesters to decamp from Munak canal in Sonipat district of Haryana from where the water supply to Delhi was disrupted by the agitators on Saturday . Two protesters were injured in the face-off, which ended with police and paramilitary personnel falling back as the protesters foiled their attempt to restore the water supply to the national capital. One of the two injured protesters died later, reports Sukhbir Siwach. The vicitm has been identified as Sumit, a resident of Mallah Majra village.
5) Skiing team headed for Russia stranded. A six-member national team of skiers on its way to participate in the FIS Alpine Junior World Ski championships in Sochi, Russia, remains stranded in Himachal. The team has to take a flight from Delhi to Moscow on February 23.
6) Govt for cooperative federalism, says fin secy. “More untied grants are now being given to the states...The focus of the present government is unique in the sense as it allows more fiscal and legislative space to the States,“ Watal said in an interview to Finance Ministry's YouTube channel. So far this fiscal, “over Rs 4.1 lakh crore (78.6% of Budget Estimates) has been released to states by way of tax devolution and three more instalments will be released in March 2016 based on the tax collections till then“, Watal said. The 14th Finance Commission (FC) award has significantly raised the level of devolution of divisible resources to states from 32% to 42%. In Budget 2015-16, the Finance Ministry had made a provision of Rs 5.24 lakh crore under devolution of taxes to states as compared to the allocation of Rs 3.38 lakh crore in 2014-15. On the transition from Planning Commission to NITI Aayog, Watal said that the coming year would be the last year of the 12th Five Year Plan.
7) Big wins for Clinton, Trump; Bush bows out. Sanders Loses By Narrow Margin In Nevada; Rubio, Cruz Taste Crushing Defeat In S Carolina. Frontrunners Hillary Clinton and Donald Trump fended off challenges from their respective Demo cratic and Republican rivals to stay ahead in the race to the White House, as a little more clarity emerged in the seemingly interminable US presi dential elections, with its multiple rounds of debates, primaries, and caucuses in the run up to nomination process. In the contest for the Democratic Party nomination, Hillary Clinton edged out her leftist rival Bernie Sanders in Nevada, in state caucuses that were widely expected to back her but turned out to be more fiercely contested than expected. The 53-47 per cent vote victory , built on support from black and Hispanic voters, restored confidence in the Clinton camp after a crushing setback in New Hampshire had shaken her campaign.
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