-The indian Express Govt hopes demonetisation will accelerate India's drive towards a cashless economy. The challenge, however, is to get the unbanked millions into the net. Mumbai: FOR MOST of this year, bankers at State Bank of India, the country’s largest bank, were trying hard to market Point of Sales (POS) machines for debit and credit cards to small businesses and establishments. This would give the bank access to funds at relatively...
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Slumber fear grips economy
-The Telegraph The pundits have started to crunch numbers to assess the immediate impact of the Narendra Modi government's demonetisation drive on the economy, businesses and households - and the picture doesn't look too good. A consensus has started to emerge that the economy will take a hard knock in the short term with GDP Growth likely to contract by 0.7 to 1 percentage point over the next year. The maximum impact...
More »India is finally trying to clear the air around its controversial GDP numbers -Madhura Karnik
-Scroll.in / qz.com The government has set up five committees to review data to calculate major indicators such as the GDP, IIP and inflation. More than 19 months after the statistical tumult began over India’s GDP, the Narendra Modi government is finally trying to fix the mess. India’s GDP numbers have been receiving flak since a new calculation was introduced in January 2015. Overnight, India’s GDP Growth accelerated from 4.7% to 6.9%. It...
More »Climate change may push up to 77 million urban residents into poverty by 2030 -Mayank Aggarwal
-Livemint.com A World Bank report cautions that the urban poor will bear the brunt of losses if cities don’t become more resilient to natural disasters, shocks, and stresses New Delhi: By 2030, without significant investment into making cities more resilient, climate change may push up to 77 million more urban residents into poverty, said a new report released by the World Bank on Wednesday. The report ‘Investing in Urban Resilience’ by the World...
More »Indian MSMEs yet to reap the benefit of Govt. schemes, says a recent report
A recently released report shows that only a few enterprises belonging to the labour-intensive Micro, Small and Medium Enterprises (MSME) sector could take advantage of the 205 number of public schemes (available in October 2015) of various Ministries or Departments of the Government, as listed at the website www.clusterobservatory.in. (Please click here to access the report on MSMEs and the challenges they face). Prepared by the Foundation for MSME Clusters...
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