-The Hindu Business Line MFIs are unable to address the needs of self-help groups. They have been hit by the falling growth of SHGs There has been a long-standing debate on the ability and effectiveness of the formal banking system as a vehicle for financial inclusion. The thrust has been to increase the number of small banks, as they play a very important role in the supply of credit to small business...
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'Punjabis most obese, Tripura men leanest'
-The Times of India NEW DELHI: Punjabis are the most obese people in the country, while men from Tripura and women from Meghalaya are the leanest, health minister JP Nadda told Rajya Sabha on Tuesday. According to the 2005-06 National Family Health Survey, the overall prevalence of obesity and diabetes have shown a consistent rise with 65, 66.8 and 69.1 million people between 20-79 years of age suffering from it in 2013,...
More »Political expediency wins over cooperative federalism -Nitin Sethi & Ishan Bakshi
-Business Standard Cess, surcharges come in handy New Delhi: Looking to leave its political imprint over spending in rural India, the National Democratic Alliance (NDA) government has budgeted for a massive 31 per cent hike in its share of spending on nine big-ticket centrally sponsored schemes (CSS) in 2016-17 over last year's budgetary allocation. Last year's Budget mantra of 'cooperative federalism' has been sidestepped to favour political exigencies. To fund these schemes, which...
More »Highlights of Union Budget 2016-17
-The Hindu In case you missed the Budget, here's a round-up. Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per...
More »Use public sector lands for Make in India-like businesses, suggests Economic Survey -Kundan Pandey
-Down to Earth It also recommends the use of public lands for start-ups and industrial clusters The Economic Survey tabled on Friday has suggested that lands occupied by the public sector be converted for use by businesses under campaigns launched by Prime Minister Narendra Modi such as “Make in India” and “Smart City”. The second chapter of the survey (volume 1)—The Chakravyuha Challenge of the Indian Economy—makes a case for utilising publicly-owned land...
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