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India’s Manufacturing Growth Slowdown a Decadal Problem -Deepanshu Mohan

-TheWire.in In India’s growth trajectory, for over a decade, domestic private investment levels have remained consistently low and so has (domestic) manufacturing growth.  As per recent quarterly estimates, India’s growth rate slowed to 6.3% in the September quarter of 2022-23. There is evidence of a notable contraction in output of manufacturing that’s pulling down growth. This author has previously argued that quarterly growth estimates may not reveal the real state of an economy....

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Need to make agri credit system equitable -Bishwa Bhaskar Choudhary

-The Tribune The agency-wise share indicates that agricultural credit dispensation in the country is heavily dependent on commercial banks and points towards the poor credit delivery capability of cooperative banks and regional rural banks. THE availability of finance is a key driver of progress in any sector. In the case of agriculture, access to adequate credit assumes vital significance since most of the agriculturists are small or marginal farmers. It has been...

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Unlock potential of MSMEs with schemes -Dr. Dinesh Kumar Tyagi

-The Daily Pioneer The MSME sector does not need more laws and regulation but handholding and support in India The importance of the MSME in the economic and social development of the country, especially for developing nations, has been established in various studies conducted by the international institutions. In India, the role of SME is proven by the fact that they contribute about 30 per cent of the GDP and 45 per...

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Explained: RBI’s concerns on slow deposit growth -Saptaparno Ghosh

-The Hindu Why did senior officials of the apex banking regulator meet the MD and CEOs of public and certain private sector banks? What are the possible reasons for low deposit growth? What is the net status of non-performing assets? Has Credit Growth risen when compared to the year-ago period? The story so far: The Governor, Deputy Governor and a few other senior officials of apex banking regulator, the Reserve Bank of...

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RBI concerned about slow deposit growth -Falaknaaz Syed

-Deccan Chronicle Mumbai: The Reserve Bank Of India is concerned about the slow deposit growth and how banks would support double-digit Credit Growth amidst tightening liquidity. The issue was discussed on Wednesday when RBI governor Shaktikanta Das met managing directors and chief executive officers of public sector banks and key private sector banks. A banker who attended the meeting said, "It was a routine meeting that takes place half yearly. We discussed...

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