-India.Mongabay.com * The allocation of lands for new commercial coal mines is likely to renew issues related to the creation of land banks in Jharkhand. * Common lands that people use have been transferred to land banks over the years, and physical surveys to record actual rights aren’t complete yet. * Lack of effective implementation of the Forest Rights Act 2006 on forest land (also part of land banks) has been a major...
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State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names -Yogesh Sapkale
-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them. SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...
More »Can Unicorns Become Growth Engines of India’s Economy? -Shinzani Jain
-Newsclick.in The relatively new and fragile start-up ecosystem is not a solution to the larger problem of pauperisation of the working population of the country. In May 2022, a report in the magazine, The Economist, claimed that “a novel confluence of forces stands to transform India’s economy over the next decade, improving the lives of 1.4 billion people and changing the balance of power in Asia. Technological leaps, the energy transition, and...
More »Beyond the right of mere existence: From the lens of slum dwellers -Harshita Gupta and Krishangee Parikh
-TheLeaflet.in The recent observations of the Delhi High Court in Samar Pal versus Union of India urge us to ponder whether the right to life of slum dwellers deals with mere existence or includes the right to livelihood within its ambit. ——– BEYOND the skyscrapers and posh lifestyle of cosmopolitan cities of India lie the lives of millions of slum dwellers. According to the 2018 report of the World Bank, 35 per cent...
More »Review: RBI paper highlights the risk in the Finances of 10 States -Sai Krishna Muthyanolla
-Factly.in The RBI recently published an article State finances and the Risk Analysis. The article aims to look at the fiscal vulnerability of Indian States & emphasises on ten heavily debt-burdened states in India based on the debt-GSDP ratio in 2020-21. These ten states also account for around half of the total expenditure by all state governments in India. Here is a review. Effective and efficient public finance management is said to...
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