-The Hindu Business Line Fresh circulation forms in Bay, triggers another spell over East and Central India Rain deficit over East and North-East India has improved markedly except in Bihar and Uttar Pradeshwhere it stays above 40 per cent even as the monsoon enters the last week of this penultimate month of August, also normally the second rainiest, and stays moderate to strong over other parts of the country on Wednesday morning. The...
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What’s wrong with crop estimates that were off-mark last crop year -Subramani Ra Mancombu
-The Hindu Business Line Experts say current manual methods are error-prone, moot scientific process The advance crop estimate made by the Ministry of Agriculture and Farmers’ Welfare usually differs between the first and subsequent three ones before it comes out with the final estimate. However, the difference has seldom caused problems in the agricultural markets or led to complaints of not reflecting what the trade has felt is the ground reality. But some...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »Will the GST Regime Fail? -CP Chandrasekhar and Jayati Ghosh
-Macroscan.org At the end of the five-year period in which states were being compensated for shortfalls in GST revenues relative to targets, they are on the verge of a fiscal crisis. That could spell the end of the GST regime. Please click here to read more. ...
More »India sees sharp decline in IT sector's ability to fund trade deficit -Krishna Kant
-Business Standard A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit IT services are India's single biggest export and a key source of foreign exchange. But there has been a sharp decline in the IT industry’s ability to fund India’s fast-growing merchandise trade deficit and current account deficit. Please click here to...
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