-Scroll.in Costlier imports and the widening of the current account deficit is likely to eat into India’s foreign currency exchange reserves. The Indian rupee touched a historical low, trading almost at Rs 80 against the US dollar on Wednesday. A knee-jerk, macro-analytical response studying India’s currency performance would mistakenly see this trend in isolation, while projecting a weakening of macro-economic fundamentals to be leading towards a depreciation. Looking closely at the numbers it...
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Meet A Ramakrishnan from Theni -- warrior with RTI armour -Jeyalakshmi Ramanujam
-The New Indian Express In another incident, he got information that 13 engineers of Madurai Corporation were being promoted without proper documents. THENI: It’s 5 am on Saturday and A Ramakrishnan is busy packing his bags. He has to travel for long hours to educate a new batch of enthusiasts about the Right To Information (RTI) Act. This routine on Saturdays, over the past 14 years, has taken him across the State. The...
More »Doubling trouble: It’s mid-2022; is it good days yet for farm incomes? -Rajit Sengupta
-Down to Earth The Union government's claim about being on track to double farmers' income sounds hollow as it has not even spent the allocated budget for agrarian schemes in three of the past five years&NBSp; On February 28, 2016 Prime Minister Narendra Modi pledged to double farmers’ income by 2022-23—his gift to the country in its 75th year of independence. In the six years since then, the Union government has not...
More »State Bank of India Writes Off Rs1.45 Lakh Crore Bad Loans of Big Defaulters since FY14; Refuses To Share Names -Yogesh Sapkale
-Moneylife.in State Bank of India (SBI) has again refused to share the names of borrowers who owe Rs100 crore or more, even with its shareholder. Over the past nine years, from FY13-14 up to FY21-22, SBI has written off bad loans of over Rs145,248 crore of big defaulters, while recovering just over 13% from them. &NBSp; SBI told social activist and shareholder Vivek Velankar, "The Bank is under statutory and regulatory obligations to...
More »Progress in health and education can help in population stabilisation
With the release of a UNDESA report&NBSp;on the World Population Day this year i.e., July 11, once again the debate on who's responsible for the population growth in India has resurfaced. Titled World Population Prospects 2022, the report states that the global population is expected to touch 8 billion on November 15, 2022, and India is projected to exceed China as the world’s most populous country in 2023.&NBSp; As soon as...
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