-Livemint.com * SBI saw total wilful defaults rise by around ₹14,000 crore in the six months to September to ₹58,475 crore *ICICI Bank is the only outlier when seen on a standalone basis, with wilful defaults falling 0.2% Eight of India’s biggest Banks have seen a significant jump in wilful defaults in the six months to September, with such loans rising by over ₹37,000 crore to ₹1.5 trillion, shows data on suit-filed accounts...
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Effect of new slaughter laws: cattle numbers fall in BJP-ruled states -Harish Damodaran
-The Indian Express If the stated objective behind enacting an anti-slaughter legislation is “preservation of cattle”, that message is clearly not being heeded by farmers. Karnataka has become the latest BJP-ruled state to put a stringent anti-cattle slaughter Bill in motion. On Friday, the state government said that it would bring in an ordinance to implement the provisions of the Bill, which was passed by the Assembly on Wednesday but could not...
More »Why do Farmers Fear a Threat to Their Lands? -Shinzani Jain
-Newsclick.in The agitating farmers have time and again voiced apprehensions about losing their land. Will the implementation of the Farm Laws enforce such a change? On December 8, more than 50 lakh people were estimated to have observed a countrywide Bharat Bandh at around 20,000 protest sites, in as many as 22 states in India. The farmers were joined in their agitation by mass organisations, trade bodies, sectoral federations, and about 24...
More »India’s GDP to contract eight per cent, set to be worst performer in South Asia
-The New Indian Express Bangladesh will post the best growth in the region growing at 5.2 per cent on the back of revived exports, said the Asian Development Bank in its Asian Development Outlook. NEW DELHI: India’s GDP is expected to contract by 8 per cent in the current financial year and will be the worst performer in South Asia barring Maldives. Bangladesh will post the best growth in the region growing at...
More »The pandemic will leave India with worse inequality -Rahul Jacob
-Livemint.com A failure to protect incomes could widen the gap between have-nots and haves and thus hurt growth When the facts change, I change my mind," John Maynard Keynes is believed to have said almost a century ago. Responding to the economic after-shocks of the covid pandemic, governments and central Banks have been living by this maxim. In the UK and US, supposedly fiscally conservative governments have spent with aBandon to prop...
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