-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has credit growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...
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No decision yet on extending PMGKAY beyond Dec: Food subsidy to cross Rs 3 trillion this fiscal -Sandip Das
-Financial Express 2022-23 expenses likely to be the second highest since FY21 The government’s food subsidy expenses in the current fiscal are likely to cross Rs 3.1 trillion, up 50% from the outlay made at the beginning of the year. Sources told FE that the estimated food subsidy expenses in 2022-23 would be the second highest since FY21, when the finance ministry had made a provision of Rs 5.4 trillion, of which Rs...
More »Outflow of Finance and Impact on Third World -Prabhat Patnaik
-Newsclick.in World capitalism is entering a new phase in which Third World economies will witness persistent outflow of finance, even if they raise interest rates in tandem with US rates. There are two defining and portentous features of the current world economic situation. One, which is well discussed, is the world-wide increase in interest rates in response to the pervasive inflationary upsurge; it would indubitably generate recession and unemployment, which, notwithstanding all...
More »To Tackle Stubble Burning, Governments Have Repeatedly Chosen Ineffective Routes -Ramandeep Singh Mann
-TheWire.in If policy makers want to see the end of the stubble burning, they have to shed their political differences and come up with a road map which factors in the inability of farmers to bear straw management costs. The year was 2019, and farmers where once again being blamed for air pollution in Delhi. As is the practice, Supreme Court took cognisance of the air pollution issue and summoned the Chief...
More »FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday
-PTI/ Business Standard On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from Financial sector and capital markets Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On...
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