-ThePrint.in 2022 is emerging to be unique for Indian agriculture. Both the staple crops of rice and wheat appear to be suffering production losses. The World Bank’s food security update of August 2022 flagged how global concerns over the likelihood of a rice export ban by India are rising. It noted that “exporters, concerned that export restrictions will be introduced (as has been done for wheat), are moving quickly to open letters...
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If India Is To Fight Corruption, the Focus Must Be on Dam Projects -Amit Ranjan
-TheWire.in While the dam breach in Madhya Pradesh's Karam river is a recent example of poor construction quality, the politician-contractor-engineer nexus in these projects has long been known. In his eighth Independence Day speech from the ramparts of the Red Fort on August 15, 2022, Indian Prime Minister Narendra Modi underlined the need to fight against corruption and nepotism. Highlighting the steps his government has taken to check corruption, Modi said: “In the...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
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...
More »‘Digging your own grave’: Illegal sand mining devastates Bihar’s rivers -Mohd Imran Khan
-TheThirdPole.net This year, Bihar extended a seasonal ban on mining sand from its rivers. But illegal sand mining continues every day across the eastern Indian state Deep inside the riverine belt of Koelwar in Bhojpur district of Bihar, around four to five kilometres from the main road and well out of sight, a dozen labourers are cutting and digging a portion of the Sone River in bright afternoon sunshine. Bare-chested, wielding spades...
More »Macrovariable projections in uncertain times -Arun Kumar
-The Hindu International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments The Fed has raised its benchmark interest rate again by a whopping 0.75%. The Reserve Bank of India has also been forced to raise interest rates further but also take other steps. These decisions in the Monetary Policy Committee (MPC) meeting are based on what the members of the MPC see as the likely...
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