-The Hindu The one lever that the government could have pulled as it watched private investment decline was to step up public investment In a meeting held with the country’s corporate leaders on September 15, Finance Minister Nirmala Sitharaman drew attention to an important aspect of the economy today. She rightly flagged concerns about sluggish Corporate investment, despite the government’s business-friendly stance, including a reduction in the corporate tax. The reduction, effected...
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What’s ‘stopping’ India Inc from investing in India? -Vivek Kaul
-Newslaundry.com The finance minister asked a valid question. Here’s the answer. Last Tuesday, finance minister Nirmala Sitharaman asked India’s corporate honchos why they were not investing in the Indian economy. “I want to hear from India Inc,” she said, “what’s stopping you when countries and industries abroad think this is the place to be.” This is a valid question. In this piece, we will try and piece together why India Inc, as corporate India...
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 »Farm ponds as an agent of rural transformation -S Adikesavan
-The Hindu Business Line A bank-supported NGO initiative has transformed agriculture in the Hubli-Dharwad area Can a small investment of, say, ₹97,000, for digging farm ponds make for increase in farm incomes and improvement in farmers’ livelihoods? Can such farm ponds lead to an increase in cropping intensity and higher productivity? Can these minor investments then be replicated across the country as only 50 per cent of India’s net sown area of...
More »World Food Crisis: Causes, Consequences and Solutions -C Saratchand
-Newsclick.in The war is exacerbating the food crisis, but to end it, the United States must first realise no military solution to the conflict in Ukraine will bring about the defeat of Russia it seeks. There is a world food crisis spanning the realms of production and distribution. According to the Global Report on Food Crises 2022, acute food insecurity afflicted approximately 193 million people in 2021. They were based in 53...
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