-Press release by CUTS International dated 5th July, 2021 In a study done by CUTS International under its 4-years old project -- ProOrganic, almost 97.4 percent of consumers were found to be aware of the fact that chemical input-based food products are harmful for health compared to 86 percent of the same set of consumers way back in 2017. Similarly, the percentage of farmers doing organic farming has gone up to...
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How India's Financial Inclusion Infrastructure Failed During the Pandemic -Isabelle Guérin, Nithya Joseph and G Venkatasubramanian
-TheWire.in Despite the fact that India's financial inclusion infrastructure has a complex mix of self-help groups and small private Banks offering credit to the poor, it has failed to deliver during the pandemic. When the pandemic struck, policymakers and prominent economists across the world called for financial infrastructures to be strengthened. They argued this would support the efficient channeling of relief through cash transfers or cheap loans. India was no exception to...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with Banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial Banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
More »Indians' funds in Swiss Banks climb to Rs 20,700 crore, highest in 13 years
-PTI/ IndiaToday.in 'Other amounts due to customers' from India rose over six times Overall, customer deposits in all Swiss Banks rose in 2020 to nearly CHF (Swiss franc) 2 trillion Swiss authorities maintain that assets held by Indians in Switzerland cannot be considered as 'black money' New Delhi/ Zurich: Funds parked by Indian individuals and firms in Swiss Banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over...
More »200 Plus Days - Farm Laws, Farmers and Food -SG Vombatkere
-TheCitizen.in The Farmers’ agitation starting November 26 2020, was against three Farm Laws. The Essential Commodities Amendment Act, 2020, (ECA Act) is one of them. ECA Act amends the Essential Commodities Act, 1955, (EC Act) enacted “in the interest of the general public, for the control of the production, supply and distribution of, and trade and commerce”, and more precisely, “for controlling the rise in prices or preventing the hoarding of any...
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