-The Telegraph Why are animal spirits in quarantine? Animal spirits, the primordial driver of growth that is unquantifiable, are once more in the spotlight. The current context is the dire growth outlook from the Covid-19 impact, future prospects and how to improve these. However, the absence of animal spirits has been felt and commented upon longer than that. It can be traced as far back as the 2012-13 slowdown, or the shortfall...
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Stories of distress from small borrowers -Sayantan Bera
-Livemint.com * Across India, women borrowers are finding it tough to repay small loans. The next few months will be critical * Unless there is a sharp recovery, MFIs and banks (with micro-loan portfolios) will have to restructure or write off loans though the situation will not be clear until November NEW DELHI: Sarama Koyal does not have a roof over her head. After the Amphan super cyclone ravaged her home in South...
More »Vivek Kaul, columnist on economics and business and author of 'Bad Money: Inside the NPA Mess and How it Threatens the Banking System', interviewed by Rohan Venkataramakrishnan (Scroll.in)
-Scroll.in The author of ‘Bad Money: Inside the NPA Mess and How It Threatens the Banking System’ speaks about Atmanirbhar Bharat and what the media gets wrong. Vivek Kaul is the author of the Easy Money trilogy of books on the history of banking and money and, most recently, of Bad Money: Inside the NPA Mess and How it Threatens the Banking System. In lucid prose, Kaul draws out the history of...
More »High rates, low demand: Stressed MSMEs can’t tap into Govt relief -Sunny Verma
-The Indian Express Viable companies, with good credit history, are able to raise funds, but the most needy among the MSMEs are facing a double whammy: slump in demand and lack of finance. Banks have started disbursing funds to Micro, Small and Medium Enterprises under the 100% Emergency Credit Line Guarantee Scheme announced by Finance Minister Nirmala Sitharaman last month but for many firms, hit hard by the pandemic lockdown, credit is...
More »Coronavirus relief package: Why banking on fiscally conservative policies is imprudent -Pranab Bardhan
-Scroll.in Fiscally austere policies will only serve to further escalate the revenue shortfall and debt problems. Several economists and businessmen have expressed their disappointment with the contents of the financial package announced by the government to face the unprecedented economic crisis brought about by the Covid-19-induced lockdown, the suddenness and severity of which had itself surprised many epidemiologists. The callousness toward the migrants and lack of immediate preparation to send them back –...
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