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Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev

Livemint.com The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the...

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How State Family Database Projects Pose Dangers Of In-Depth Citizen Profiling And Exclusion - Sarasvati NT

Medianama The Tamil Nadu e-Governance Agency (TNeGA) floated a second tender in December 2022 for implementation and maintenance of a Master Data Management and de- duplication tool for a State Family Database (SFDB) project. The objective is to assign the ‘Makkal ID’— a unique identification number already allotted to the state’s seven crore residents— to different records across departments. The SFDB is projected to be the “single source of truth” of all...

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What data told us about India in 2022 - Akshi Chawla

DeCEDA/Qrius 2022 was a milestone year for India. India walked into 2022 with an infectious wave of Covid-19 impacting lakhs of people, the wave receded a few weeks into the year. As hopes for a post-pandemic recovery surged, war in Ukraine brought in new challenges for the economy. With supply chains disrupted, global sanctions imposed on Russia, prices of fuel and food shot up. Inflation, already on a high from pent-up...

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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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Climate change will likely exacerbate Indian rural household's debt burden

Editorial team, Carbon Copy  Ongoing shifts in rainfall and temperature caused by climate change are likely to increase the debt burden faced by rural households, particularly of marginalised groups in dry areas, an editorial in Carbon Copy magazine said. The piece cited a study in the journal Climate Change that argues that changes in climate, along with existing socio-economic differences - caste and landholding in particular — will deepen the size...

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