-The Hindu There has been sharp rise in the NPAs amid COVID-19 pandemic With unemployment rising, the ability of those who have taken education loans to pay back has come down sharply. As a result, the non-performing assets (NPAs) have increased in the last one-and-a-half years. R. Nagarajan had taken a loan for his engineering course and started repaying it when he got a job at a start-up in the second half of...
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Last resort: Indians in distress are selling gold & third wave could only make it worse -Swansy Afonso
-ThePrint.in The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold. Mumbai: Paul Fernandes, a 50-year-old waiter in India, last year took out a loan using his gold as collateral to pay for his children’s education after losing his job on a cruise liner. This year, he...
More »Spending on R&D will determine India’s future progress, key message of the latest UNESCO Science Report
Scientific knowledge has immensely helped in combating the dreadful coronavirus and its spread. Within a record short period of time, scientists (including virologists, epidemiologists, biostatisticians, etc.) and their research outputs helped the commoners to learn more about the SARS-CoV-2 and how it spreads from one individual to the next one. Common people have now come to know how simple techniques and behavioural change like the wearing of N95 masks, maintaining...
More »School closure: One in three countries not implementing programmes to mitigate learning loss, says report
-PTI/ The New Indian Express At the same time, only one-third of countries are taking steps to measure learning losses in primary and lower second levels, mostly among high-income countries, the survey report stated. NEW DELHI: One in three countries where schools were or are still closed due to the Covid pandemic have not yet implemented remedial programmes to mitigate learning loss, according to a survey. The "Survey on National Education Responses to...
More »Global Fashion Brands Caused Humanitarian Crisis in 6 Asian Countries During Pandemic, Says Report -Ditsa Bhattacharya
-Newsclick.in Nearly 93% of the Indian garment workers were pushed below the international poverty line of the World Bank in April and May, 2020 Garment workers lost a significant amount of wage during the pandemic in six Asian countries including India. Workers’ wages were at poverty levels even before the pandemic, and were pushed further below the International Poverty Line in their countries by the pandemic, according to a recent report titled...
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