-The Hindu There has been sharp rise in the NPAs amid COVID-19 pandemic With unemployment rising, the ability of those who have taken education loans to pay back has come down sharply. As a result, the non-performing assets (NPAs) have increased in the last one-and-a-half years. R. Nagarajan had taken a loan for his engineering course and started repaying it when he got a job at a start-up in the second half of...
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Can some States serve as a bellwether for the third wave? -R Prasad
-The Hindu Both in the first wave and second wave of COVID-19, increase in daily cases was first reported in Maharashtra, then Kerala and Delhi Both in the first and second wave, an increase in daily reported cases was first reported in Maharashtra, followed by Kerala and Delhi. These could be due to several reasons including greater integrity in testing and reporting data. Can a sharp and sustained increase in daily cases...
More »The Challenge Of Saying How Many Excess Deaths Could Be Due To Covid-19 -Rukmini S
-IndiaSpend.com Five states saw over 460,000 excess deaths in the first five months of 2021, but the official Covid-19 toll in these states in this period accounts for only 6% of these excess deaths. How many of the remaining 94% are 'missed' Covid-19 deaths will not be easy to disentangle. Chennai: Andhra Pradesh, Bihar, Kerala, Madhya Pradesh and Tamil Nadu saw over 460,000 excess deaths in the first five months of 2021,...
More »Chinese loan apps misuse KYC details of Indians to set up fake bank accounts -Mithun MK
-TheNewsMinute.com There have been cases of people saying that their KYC details, which were shared with the Chinese loan apps, were used to open bank and crypto exchange accounts in their names, without consent. Shonali*, a 48-year-old lecturer from West Bengal was laid off from a private university in March 2020. The lecturer, facing financial stress, turned to Chinese-owned instant loan applications that provide microloans without collateral, but at high-interest rates. Shonali...
More »Esther Duflo, Raghuram Rajan, Arvind Subramanian in economic advisory council to Tamil Nadu CM -Janardhan Koushik
-The Inidan Express A white paper detailing the true state of Tamil Nadu’s finances will be released in July, said Governor Banwarilal Purohit during the first session of the 16th state legislative assembly in Chennai. Chennai: The Tamil Nadu government will form an economic advisory council comprising Nobel laureate Esther Duflo of the Massachusetts Institute of Technology (MIT), USA and former Reserve Bank of India governor Raghuram Rajan to advise the chief...
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