-Livemint.com Poverty reduction was higher in rural areas compared to urban India as rural poverty declined from 26.3% in 2011 to 11.6% in 2019, while in urban areas the decline was from 14.2% to 6.3% during the corresponding period, as per report Spelling some relief for the country's prosperity, India's extreme poverty declined 12.3 percentage points lower in 2019 than in 2011 as poverty headcount rate has dropped from 22.5% in 2011...
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Poverty rose but income inequality fell -Anup Malani Arpit Gupta, and Bartek Woda
-The Hindu There are signs that this pandemic has not followed the usual script — of the poor bearing the brunt of the pain COVID-19 has upended Indian society. Over two-thirds of the country has been infected by COVID-19 and perhaps five million or so people have died, directly or indirectly, from the pandemic. The economy too has taken a beating. Even though there has been a V-shaped recovery, output remains about...
More »TN Budget allots Rs 1000 per month to govt school girls to pursue higher education -Azeefa Fathima
-TheNewsMinute.com Finance Minister PTR announced that nearly six lakh girls in government schools are expected to benefit from the scheme. In a scheme that would benefit the higher education of girls studying in government schools in Tamil Nadu, Rs 1,000 will be provided as a monthly financial assistance to them till the completion of their undergraduate degree, the Tamil Nadu government announced in its budget presented on Friday, March 18. The amount...
More »How the Crude Oil Price Spike Will Upend India's Fiscal Balancing Act -Kaushal Shroff
-TheWire.in India will have to brace itself for an inflationary shock that will only serve to bludgeon a COVID-ravaged economy. Russia’s offensive refuses to pause. Since February 24, a little over 2.3 million Ukrainians have fled seeking a safe haven while the Russian army is upping the stakes and making the war exponentially dirtier by attacking civilian enclaves, non-military infrastructure and even hospitals. On March 10, Russia retaliated to the banking, business and...
More »MSME suffers most during COVID, lockdown; Public sector banks have MSME NPA of Rs. 1,37,087 crore
-National Herald According to the RBI, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020 (when it was Rs. 1,45,673) to September 2021 (when it became Rs. 1,65,732 crore) Micro, small and medium enterprises (or MSMEs) seem to be the sector most hit by the pandemic since 2020. According to the Reserve Bank of India, gross non-performing assets of MSMEs increased by Rs. 20,000 crores from September 2020...
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