-The Hindu An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let’s examine each of these. The report claims that the share of the...
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Crop insurance claims over Rs 3,300 crore pending due to payment failure, delay in state subsidy -Shagun Kapil
-Down to Earth Farmers belonging Jharkhand, Karnataka, Telangana, and Maharashtra have the highest amounts pending under insurance claims Over Rs 3,300 crore is pending in payment to farmers across India in crop insurance claims since 2018-19 under the government’s flagship crop insurance scheme, due to ‘payment failure’ and delay in state subsidy. An amount of Rs 3,372.72 crore out of claims worth Rs 66,460 crore in the last three years under the Pradhan...
More »Big Defaulters: When RBI Declines To Reveal to Parliament Details of Written-off Loans of Big Corporates
-MoneyLife.in While lenders harass individual or small borrowers to the point of even releasing the borrowers’ photos to the press for publishing them, it appears that big corporate defaulters are bestowed with immunity from such humiliation. They are a protected species. In fact, Reserve Bank of India (RBI) even declined to reveal to the Lok Sabha the details of loans written off of major corporates. In a written reply, Dr Bhagwat Karad,...
More »Which states and UTs are among India's poorest? List here -Meenakshi Ray
-Hindustan Times India's MPI has three equally weighted dimensions, health, education and standard of living - which are represented by 12 indicators. NITI Aayog has published the Multidimensional Poverty Index (MPI) report which measured “three equally weighted dimensions” of health, education and standard of living. India's MPI has three equally weighted dimensions, health, education and standard of living - which are represented by 12 indicators of nutrition, child and adolescent mortality, antenatal care,...
More »More than half of India's children and women anaemic: NFHS-5 survey -Ruchika Chitravanshi
-Business Standard On a positive note, the number of women aged 15-49 having bank or savings accounts they themselves used, rises to 78.6% compared to 58% in the previous survey; improvement in nutrition among kids and adults Anaemia among children and adults has worsened, with more than half of women and children reported to be anaemic in the fifth national family health survey 2019-21 of fourteen states released on Wednesday. Among children from...
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