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Indian banks gave more home loans than agricultural credit

In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...

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India’s 20 Largest Profit Generators Are Earning 80% Of the Nation’s Profits - Nandita Rajhansa, Saurabh Mukherjea

A decade ago, this figure was around 40%. This is leading to an increasingly polarised stock market - Marcellus/The Wire The United Payments Interface and the digitisation of business activity in India are one of the several factors driving an exponential surge in the concentration of corporate profitability in India. Improvements in transport Infrastructure (e.g., the highway network has doubled over the past decade), the introduction of GST (in 2017) and new...

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Dr CP Rajendran, expert on seismo-tectonics, earthquakes and tsunami geology, interviewed by Rashme Sehgal (Newsclick.in)

-Newsclick.in Joshimath is a serious warning signal. Any realistic development strategy should balance infra development, acceptable levels of risk, and carrying capacity of the terrai, says the noted expert on earthquakes. Dr. CP Rajendran is among India’s foremost experts on seismo-tectonics, earthquakes and tsunami geology. He is also a strong critic of the development model being pursued in Uttarakhand, a hilly state where the intensity of large-scale Infrastructure projects has been rising...

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Core sector output rises by 5.4% in November vs 3.2% YoY: Govt data

-PTI/ Business Standard Production of eight Infrastructure sectors like coal, fertiliser, steel, cement and electricity increased by 5.4% in Nov against a 3.2% growth in the same month last year, according to official data Production of eight Infrastructure sectors increased by 5.4 per cent in November against a 3.2 per cent growth in the same month last year on a better show by coal, fertiliser, steel, cement and electricity segments, according to...

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India's Population, Poverty And Consumption Data Missing As 2022 Comes To A Close -Prachi Salve|

-IndiaSpend.com Several important datasets that help in formulating government policies have not been released for over two years Mumbai: Of 20 government datasets that IndiaSpend analysed, the collection of data or its public release has been delayed for 12 datasets. Crucial data such as from the census, household expenditure and poverty estimates, which influence other data sets and policymaking, are over two years old. Political manipulation in data releases and a weakened data...

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