-The Telegraph Modi govt formally confirms that India took two loans totalling Rs 9,202 crore from a Beijing-based multilateral development bank in the thick of the border standoff June 15: Chinese troops kill 20 Indian soldiers in the Galwan Valley. June 19: India signs a loan agreement with the Asian Infrastructure Investment Bank (AIIB) for $750 million (Rs 5,521 crore) to support measures undertaken under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). China...
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Big rural credit push from RBI, start-ups put in priority sector -George Mathew
-The Indian Express Loan limits for renewable energy, health infrastructure doubled The Reserve Bank of India (RBI) on Friday brought financing of start-ups under the priority sector lending (PSL) category of the banking sector, proposed more credit flow to districts with lower PSL, and doubled loan limits for renewable energy and health infrastructure “to align it with emerging national priorities and bring sharper focus on inclusive development.” In a bid to address regional...
More »The rest of India must learn from the southern states to reduce maternal deaths for attaining SDG-3 target
The newly released Special Bulletin on Maternal Mortality in India 2016-18 shows that India's maternal mortality ratio (MMRatio) has reduced from 130 maternal deaths per one lakh live births during 2014-16 to 122 during 2015-17, and it further dropped to 113 during 2016-18. According to the Sample Registration System (SRS), the MMRatio refers to the number of women who die as a result of complications of pregnancy or childbearing in a...
More »Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?
Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
More »Of UP govt’s 1.25 crore jobs, over 1 crore went to MGNREGA and MSME sectors -Maulshree Seth
-The Indian Express Nearly 5 lakh workers have been given employment under self-help groups (SHGs), which includes a large number of women workers. Lucknow: Of the 1.25 crore jobs allocated by the Uttar Pradesh government in a single day under different schemes and programmes, approximately 60 lakh jobs have been provided under the Rural Development Panchayati Raj Department, majority of which are under MGNREGA, and another nearly 50 lakh in MSME units...
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