-The Hindu Financial packages in place as early as March, court told The Centre took strong objection to averments made in the Supreme Court on Thursday that it would not have budged to protect borrowers from financial ruin triggered by the COVID-19 lockdown, had the court not intervened on time. Appearing before a Bench led by Justice Ashok Bhushan, Solicitor General Tushar Mehta said submissions like that were painted in “political colour”. Mr. Mehta...
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Is loan guarantee scheme serving the purpose? -Madan Sabnavis
-The Hindu Business Line MSMEs are using funds from the Emergency Credit Line Guarantee Scheme more to pay off earlier loans than as growth capital The Emergency Credit Line Guarantee Scheme (ECLGS) was one of the highlights of the economic package announced by the government in May, and it became operational on May 23. The scheme is basically a loan guarantee for all MSMEs which were operational as on February 29 with...
More »Is the rural economy driving India’s recovery? -Richard Mahapatra
-Down to Earth Government spending has led to demand growth in rural areas; but what if it comes down? Rural India has emerged as the saviour of the shattered Indian economy. From Ratan Tata to the governor of the Reserve Bank of India, everybody is betting on the consumption demand growth in rural areas to boost the novel coronavirus disease (COVID-19) pandemic-stricken economy. There is a lot of talk on the ‘green shoots’...
More »To understand the outbreak of zoonotic diseases, track human activities causing environmental changes, key message of UNEP-ILRI report
A report by the United Nations Environment Programme (UNEP) and International Livestock Research Institute (ILRI), which was released on July 6th (observed as World Zoonoses Day by research institutions and non-governmental organisations across the globe) this year, says that around 60 percent of known infectious diseases in humans are estimated to have an animal origin. Likewise, almost three-fourth of all new and emerging infectious diseases are zoonotic i.e. these diseases...
More »Centre objects to ‘tinkering’ with MSP to verify if farmers burnt paddy stubble
-The Indian Express The top court also issued notices to the Centre and Punjab, Haryana and Delhi governments on a plea by Class XII student Aditya Dubey and law student Aman Banka, which sought directions to provide free of cost stubble-removing machines to small and marginal farmers to check the menace. Solicitor General Tushar Mehta Tuesday objected to a proposal to withhold a part of the Minimum Support Price (MSP) to verify...
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