-Down to Earth Southwest monsoon could switch into a drought-prone mode, lasting decades in the future India witnessed repeated multi-year droughts over the last thousand years, predominately before 1871, a new study has predicted. This contrasts with the drought history of the post-1871 era. The country saw only one instance of a three-year-long drought during this period, from 1985-1987, the study published September 19, 2022, in the journal Proceedings of the National Academy...
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Inclusion success
-The Hindu Business Line The Centre should build on the success of PMJDY to promote other financial products for the lower sections of society As the Pradhan Mantri Jan Dhan Yojana (PMJDY) completes its eighth year, it is becoming increasingly clear that this is a rare State-initiated welfare scheme that has not just met but exceeded its initial promise. That the scheme has made a material difference to financial inclusion is evident...
More »Bank credit growth accelerates to 14.2% in June quarter
-PTI/ The Hindu RBI says credit growth has been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
More »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 »Afghan mineral wealth attracts competitors -Asad Mirza
-MuslimMirror.com Afghanistan’s mineral wealth might be able to help the Taliban to bankroll its developmental plans. Even when the American occupation of Afghanistan was in full steam and apart from the fighting there were mainly reports of the on-going fighting, yet there were secret reports, which spoke of the vast mineral wealth which Afghanistan possesses. There were further reports, which reported questioningly the Americans taking planeloads of soil from various regions of...
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