Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
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10 more Indian wetlands sites get Ramsar tag, number rises to 64
-The Hindu Six of them are in Tamil Nadu and one each in Goa, Karnataka, Madhya Pradesh and Odisha India has added 10 more Ramsar sites, or wetlands that are of international importance, taking the number of such sites to 64, Environment Minister Bhupendra Yadav said on Wednesday. “Absolutely thrilled to inform that 10 more Indian wetlands have got Ramsar recognition as wetlands of international importance,” Mr. Yadav tweeted. The 10 new sites —...
More »'Revdi Culture' or Govt's Basic Responsibility? What Prioritising Welfare Is Really About -Deepanshu Mohan
-TheWire.in States like Delhi (despite its unique multi-party governance architecture), West Bengal, Kerala (or even Goa and Sikkim) perform better compared to UP when it comes to being measured for securing access to basic social, economic services. In a veiled attack against BJP’s political opponents, accusing them of promising ‘freebies’ (revdi) in exchange for electoral votes, Prime Minister Narendra Modi on Saturday cautioned people, especially the youth, against this “revdi culture”, saying...
More »Doubling trouble: It’s mid-2022; is it good days yet for farm incomes? -Rajit Sengupta
-Down to Earth The Union government's claim about being on track to double farmers' income sounds hollow as it has not even spent the allocated budget for agrarian schemes in three of the past five years On February 28, 2016 Prime Minister Narendra Modi pledged to double farmers’ income by 2022-23—his gift to the country in its 75th year of independence. In the six years since then, the Union government has not...
More »Progress in health and education can help in population stabilisation
With the release of a UNDESA report on the World Population Day this year i.e., July 11, once again the debate on who's responsible for the population growth in India has resurfaced. Titled World Population Prospects 2022, the report states that the global population is expected to touch 8 billion on November 15, 2022, and India is projected to exceed China as the world’s most populous country in 2023. As soon as...
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