-The Times of India NEW DELHI: Several social sector schemes, such as MGNREGA, housing, irrigation, education and connectivity, are expected to see a significant increase over the next two financial years as the government ramps up spending in key areas ahead of the 2019 elections. According to the medium-term expenditure framework statement tabled in Parliament by finance minister Arun Jaitley on Thursday, the Centre's total spending is set to reach Rs 26...
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Lending to priority sector is good business, Mundra tells banks
-The Hindu Business Line RBI Deputy Governor says such loans support economic activity, generate income & surplus Mumbai: Given the overexposure of the banking system to large corporates and the consequences thereof in the last few years, Reserve Bank of India Deputy Governor SS Mundra said lending to priority sector is good business for all the right and justifiable reasons. “The excessive lending to corporate sector was the outcome of what I call...
More »Small-scale fishermen form the backbone of India's fisheries sector, but policy is silent on them -John Kurien
-Scroll.in The National Policy on Marine Fisheries is tentative and fails to address the real problems of traditional fishing communities. Though India cannot call itself a nation of fish-eaters, it does have some of the world’s richest fishery resources and an Exclusive Economic Zone in the ocean the size of 60% of its land area. It ranks third in world fish production with a harvest of 6.3 million tonnes. This is...
More »Declining bank credit indicates poor economic performance
Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...
More »581 mn Indians in country's 9 poorest states live without proper healthcare -Ojaswi Rao
-Business Standard/ IndiaSpend Seven of the nine 'high-focus' states report underspending on healthcare Nine of India’s poorest states–home to 581 million or 48% of India’s population–account for 70% of the country’s infant deaths, 75% of under-five deaths and 62% of maternal deaths, but do not spend even the money they have set aside for healthcare, according to an IndiaSpend analysis of 2017 Reserve Bank of India data on state budgets. The data also...
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