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Assure our money is safe, revive PMC Bank: Depositors urge RBI The PMC Bank has been put under restrictions by the RBI after an alleged fraud of Rs 4,355 crore scam came to light Current Affairs :A few clients of the Punjab and Maharashtra Cooperative (PMC) Bank assembled outside the RBI’s office here on Tuesday, requesting an affirmation that their cash saved with the trick hit bank was protected. They likewise requested that the PMC Bank be restored so they could pull back their cash. The PMC Bank has been put under confinements by the RBI after a supposed extortion of Rs 4,355 crore trick became visible after which the store withdrawal was at first topped at Rs 1000, causing frenzy and trouble among contributors. In this way, as far as possible was raised to Rs 40,000 by the Reserve Bank of India (RBI). Around 200 clients accumulated outside the RBI’s office in the Bandra-Kurla Complex on Tuesday and said they need that their records with the PMC Bank be made oper...

Do the winners of 2019 economics Nobel focus too much on micro welfare? Immigration and growth would help more than addressing the winners’ ‘manageable questions.’ Current Affairs :The Royal Swedish Academy of Sciences will grant the 2019 Nobel Prize in Economic Sciences to Abhijit Banerjee and Esther Duflo of the Massachusetts Institute of Technology and Michael Kremer of Harvard “for their exploratory way to deal with mitigating worldwide destitution.” The honor uncovers an extending separation point among financial specialists about how best to battle neediness. What’s striking about the honor is that the Nobel board of trustees offered it to the three market analysts explicitly for tending to “littler, increasingly sensible inquiries, for example, how to improve instructive results and youngster wellbeing in poor nations—as opposed to for huge thoughts. Mr. Banerjee and Ms. Duflo (a wedded couple) expressly reject contemplating unavoidable issues in their 2011 book, “P...

Can’t achieve $5 trn economy target if growth keeps going down: Manmohan Singh said Prime Minister Narendra Modi has been talking about achieving $5 trillion economy by 2024 but in the present situation it looks like a “piped dream” Current Affairs  :- Previous Prime Minister Manmohan Singh on Thursday said there was no expectation of Modi government’s guarantee of $5 trillion economy turning into a reality if development propped up down the manner in which it has for the last five quarters. Tending to Congress pioneers at a gathering here, he said that at any rate one million individuals may lose their positions if a boost bundle isn’t given to the auto segment, which is weeping for help, and interest in the private segment isn’t advanced. “The nation today is amidst a hazardously extended log jam. What’s more, this is something which isn’t the announcement being made distinctly by the Congress gathering individuals yet wherever whether you converse with individual...

Congress to turn to agitational politics, highlight economic slowdown Sonia Gandhi implored party leadership to have a “concrete agitational agenda” to go directly to the people instead of merely being aggressive on social media Current Affairs  :- The Congress on Thursday said it intended to dispatch a progression of challenges and showings the nation over from October 15 to 25, amidst the bubbly season, to feature the poor condition of the economy. Looked with the test to revive gathering structure, capture the disintegration in its positions yet in addition to discover a language to associate with individuals, especially the young, the Congress divulged a huge number of projects. It will have shows the nation over to feature the “financial stoppage” from September 20 to 30. It will hold padyatras the nation over on October 2, and sort out different occasions from October 3 to 9, to stamp the 150th birth commemoration of Mahatma Gandhi and spread the message of th...

Demonetisation followed by faulty GST led to this slowdown: Manmohan Singh The first step to fix it is to acknowledge that there is an economic slowdown, says the former Prime Minister Current Affairs  :- Previous Prime Minister Manmohan Singh trusts Indian economy is confronting a log jam, which is both basic and repetitive in nature. In a meeting with Hindi every day Dainik Bhaskar, he said the initial move towards tending to it ought to be to recognize the way that we are confronting an emergency. Saying that India had the option to effectively deal with the 1991 and 2008 emergency notwithstanding not having a command as large as that of the present government, Singh said the administration needs to stop the propensity for feature the board and start connecting with specialists and partners to discover a route through the issue. The previous PM proposed five measures to restore development: 1. Defense of GST, regardless of whether it prompts misfortune in incom...

Former PM Manmohan Singh elected unopposed to Rajya Sabha from Rajasthan Singh was nominated by the Congress while the BJP did not field any candidate for the bypoll C urrent Affairs :- Previous executive Manmohan Singh was chosen unopposed for the Rajya Sabha from Rajasthan on Monday. He was pronounced chosen unopposed as the due date for the withdrawal of selections for the bypoll finished at 3 pm. Boss Minister Ashok Gehlot saluted Singh on his decision to the Upper House of Parliament. “Salute previous PM Dr #ManmohanSingh ji on being chosen unopposed as an individual from #RajyaSabha from #Rajasthan. Dr Singh’s decision involves pride for the whole state. His immense learning and rich experience would profit the individuals of Rajasthan a great deal,” he tweeted. Returning Officer and Assembly Secretary Pramil Kumar Mathur made the declaration. The administration’s central whip, Mahesh Joshi, got the race declaration for Singh. The previous PM was selected b...

Six surgical strikes under UPA, claims Congress; BJP calls it ‘farcical’ A war of words broke out between the BJP and the Congress on Thursday over the issue of ‘surgical strikes’ and listing of Jaish-e-Mohammed chief Masood Azhar as a UN-designated terrorist Elections : A war of words broke out between the Bharatiya Janata Party (BJP) and the Congress on Thursday over the issue of ‘careful strikes’ and posting of Jaish-e-Mohammed boss Masood Azhar as an UN-assigned fear based oppressor. Previous PM Manmohan Singh said Indian military got a free hand to react to outside dangers amid the Congress-drove UPA’s residency. Singh named it “dishonorable and inadmissible” that the BJP was endeavoring to increase constituent mileage from military tasks. The Congress, later, turned out with a rundown of six enemy of dread careful strikes did amid the UPA rule yet it never attempted to exploit from military tasks — a case which was named “false and ludicrous” by the BJP. Prior in the...