-Ideas for India The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing– which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme...
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Real estate, IT, gig jobs, MNREGA: Making sense of India’s roller-coaster unemployment crisis -Radhika Pandey
-ThePrint.in Employment in India rose from 394.6 million in August to 404.2 million in September, and while the numbers are still below pre-Covid levels, the increase is encouraging. India’s unemployment rate dropped sharply to 6.4 per cent in September from 8.3 per cent in August. This was the lowest unemployment rate in the past four years. The fall in unemployment was seen across both rural and urban regions. Alongside the decline in the...
More »Through a rosy lens -Anup Sinha
-The Telegraph The airbrushing of the Indian economy is damaging The latest Monthly Economic Review from the ministry of finance gives the reader a great deal of comfort by indicating that all is well with the Indian economy. If there is any cause for concern at all, it is from external economic and political shocks: events like the Federal Reserve in the United States of America raising interest rates, or Russia invading...
More »High cost of cattle feed: Milk cooperatives face strain in supply chain -AM Jigeesh
-The Hindu No plan to increase price of milk as of now, say federations As the festival season has started, milk cooperative federations are witnessing a strain in the supply chain as the production has witnessed a marginal decrease primarily due to the increase in fodder cost. The organised sector is witnessing a decrease in procurement and the federations expect the situation will be normal after Deepavali. Farmers, however, demanded an increase...
More »Maiden pharma, under WHO scanner for Gambia kids' deaths, flouted norms in 4 states -Milan Sharma
-IndiaToday.in The Central Drugs Standard Control Organisation (CDSCO) has not yet barred the company from operations in India even as many of its medical products made for Indian use have also been found to be of substandard quality, often flagged by authorities. Ever since Maiden Pharmaceuticals has come under the scanner of the World Health Organisation (WHO) after being flagged for the four cough syrups manufactured in India and exported to Gambia...
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