The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
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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 »NITI Aayog launches report on gig economy in India: Key takeaways -Haripriya Suresh
-MoneyControl.com The report looks at the present size of the sector, its job generation potential, and also offers recommendations for growth. India’s gig workforce, estimated to be at 77 lakh in 2020-21, is expected to go up to 2.35 crore by 2029-30, according to a NITI Aayog report. The report, titled 'India's Booming Gig and Platform Economy' looks at the present size of the sector, its job generation potential, and also offers...
More »Travails Of Landless Labour - The Untold Story Of Punjab’s Agricultural Success -Sandeep Chachra
-Outlook India Sandeep Chachra is Executive Director, ActionAid Association and Co-chair of the World Urban Campaign, UN-Habitat. He discusses and expresses views of the ground reality of the success behind Punjab's Agriculture Industry. "Microfinance companies are breaking our backs. Many women in our block have taken loans that they can't repay. During COVID, these loans have swelled up, and the company agents threaten us, take away our belongings, our gas cylinders. I...
More »Eating dust in paradise -Hindolee Datta
-The Telegraph The risks of mining in Goa far outweigh ‘developmental gains’ Over five years ago, Hartman de Souza, a Goan, wrote a very angry book, Eat Dust: Mining and Greed in Goa, about the political economy of mining, giving a harrowing account of the mining racket orchestrated by those with political power, money and influence during the Age of Greed (2008-2011). This year, four national political parties are fighting the Goa elections...
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