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...
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Rupee Co-operative Bank’s collapse leaves many depositors in distress -Siddhi Nayak
-Moneycontrol.com Rupee Co-operative Bank's depositors are dealing with financial hardships and navigating family emergencies as they struggle to access their own money In the 1990s, Virendra Kumar Joping’s father, a small-time carpenter, came to Pune from Rajasthan to earn a living. Over the years, he saved his hard-earned money by opening a fixed deposit in Rupee Co-operative Bank. Rupee Co-operative Bank was among the trusted names in Pune. Little did the Joping family...
More »NREGA Sangharsh Morcha demands a hike in MGNREGA Budget for FY 2022-23
-Press release by NREGA Sangharsh Morcha dated 30 January, 2022 The stress on the economy became evident, especially in the aftermath of the raging pandemic from the 7.3% contraction in GDP in 2020-21. The distress faced by poorer households has continued over a period of time with the pandemic acting as a catalyst in increasing the woes of such households. In a latest round of survey conducted by People’s Research on...
More »Centre Exempts Certain Mining Projects From Public Hearings -Ayaskant Das
-Newsclick.in The new policy is skewed in favour of the mining industry as mineral-rich areas are populated by the most disadvantaged communities. New Delhi: In a move that could help enrich corporate entities at the cost of some of the most disadvantaged communities of the country, the Narendra Modi government has introduced a policy whereby public hearings will no longer be conducted for certain mining activities. According to a circular issued by the...
More »A new app is failing India's fight against child malnutrition -Aarefa Johari
-Scroll.in Anganwadi staff need funds for infrastructure and supplies. Instead, the government gave them a new app that is riddled with problems. On the afternoon of August 23, the Chhota Sion urban health centre in the heart of Mumbai’s sprawling Dharavi slum was suddenly awash with pink. Nearly 80 women, all dressed in saris and salwar suits in various shades of the colour, trooped into its lobby. Breaking up into groups, they spent...
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