-PTI/ The Hindu Business Line Registration certificates of wheat to exporters having valid letter of credit The commerce ministry's arm Directorate General of Foreign Trade (DGFT) has issued registration certificates for about 1.6 million tonne of wheat to exporters having valid letter of credit, after the ban order of May 13, an official said. The government is allowing wheat shipments for which irrevocable letters of credit (L/C) were issued on or before May...
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UGC wants universities to offer up to 40% of courses online. Professors don’t see the point -Kritika Sharma
-ThePrint.in UGC Wednesday asked institutions to make courses available via govt platform SWAYAM. Academics question move, citing issues like need for classroom instruction & lack of infrastructure. New Delhi: The University Grants Commission (UGC) has asked universities to offer up to 40 per cent of the courses in any programme online on SWAYAM, the central government’s Massive Open Online Courses (MOOCs) platform. Academics have questioned this move, citing issues such as the need...
More »Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report
-Livemint.com From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket size of MSME loans increased by 92%, the data on MSME loans showed. Total loan sanctioned to MSMEs stood at ₹37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau. From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the average ticket...
More »Economist recounts boom-to-gloom experience of Argentina -Joyjit Ghosh
-The Telegraph Kaushik Basu credits country’s intellectual influx and links its downfall to the practice of hyper-nationalism by junta in 1930s Calcutta: The pursuit of hawkish nationalism is detrimental to the growth of a country’s economy, Kaushik Basu, C. Marks Professor of international studies and professor of economics at Cornell University, said at Para in Purulia on Thursday. “We cannot be hyper-nationalistic…,” Basu said while delivering a lecture on “India’s economy and the...
More »MGNREGS hits record with 3.1 crore families seeking work in May. It’s a cry for help from Bharat -Sayantan Bera and Nikhil Rampal
-ThePrint.in From a record-breaking number of households demanding work under the MGNREGS to the stark decline in consumption and FMCG sales — all signs point to a rural livelihood crisis. New Delhi: Consider a job offer where day wages are less than both statutory minimum wages and market wages for unskilled workers. The work may last for about 10 days at a time, and payments may take more than two weeks, at...
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