-The Indian Express At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. Lending to the corporate sector, particularly small and medium enterprises, is becoming increasingly difficult with more than half the country’s public sector banks (PSBs) now under the RBI’s Prompt Corrective Action (PCA)...

-The Indian Express Various changes have been introduced in the execution of the government's skilling programme to generate more jobs, but to no avail. An average of just over one out of six people trained under the scheme have found a job. The government’s flagship skilling scheme — Pradhan Mantri Kaushal Vikas Yojana (PMKVY) — continues to grapple with the issue of achieving end-results, despite fresh attempts to redirect its focus to...

-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...

-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to demonetisation that sucked out 86% of the currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...

-The Indian Express With the scheme floundering, the Centre is now planning to shift focus to district-level schemes to yield better results in the short-term for its skilling initiative. The government’s flagship skilling scheme, the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), is struggling to achieve end-results. Data for the PMKVY scheme until the first week of July 2017 reveals that out of a total 30.67 lakh candidates who had been trained or...