-The Hindu Federalism and good governance need engagement between people and officials, as the MGNREGA programme shows It is 45 days and counting since lakhs of farmers have gathered in Delhi protesting against the farm laws. Leaving aside the merits and demerits of the laws, many are aggrieved about the process of promulgation of the laws as it lacked any consultation with those that the laws are purportedly meant to serve. Very often,...
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RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital
-Moneylife.in While highlighting the need for proactive building up of adequate capital for Banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial Banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central Bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...
More »COVID-19 pushed 119-124 million into poverty: World Bank updates estimates
-Down to Earth The number of pandemic-induced new poor is forecast to rise to 143-163 million in 2021 The novel coronavirus disease (COVID-19) pandemic, which forced economies around the world to lock down last year, may have increased global poverty by 119 million-124 million, according to updated estimates by World Bank. This includes the 31 million people who would have moved out of poverty (measured at the international poverty line of $1.90, or...
More »Don’t laugh at US so soon, it has survived its populist moment far better than rest of us -Mihir Sharma
-ThePrint.in In comparison to countries such as Russia, Turkey, Hungary, India, American institutions (media and judiciary) have demonstrated their value and resilience In much of the world, the sight of a mob storming the United States Capitol to keep their leader in office was met not just with horror but with, let’s face it, schadenfreude. Finally! The U.S., which has for decades lectured other democracies about their imperfections and failures, had an...
More »Tamil Nadu govt announces free 2GB data per day to nearly 10 lakh students -Aparna Banerjea
-Livemint.com * Data cards will be given to them from January to April 2021 free of cost, state said * The scheme will benefit students enrolled in govt and government-aided arts and science colleges, polytechnic, engineering colleges and scholarship-funded private colleges from January-April, 2021 In order to enable students to attend online classes, Tamil Nadu government on Sunday announced data scheme for nearly 10 lakh students in school and even colleges as well...
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