-TheWire.in * As of last year, Financial institutions from India were the third-largest investors out of six countries financing 80% of the world’s coal investments. * A 2021 report found that ICICI, the State Bank of India, Axis Bank, Trust Group and HDFC were among the fourth-biggest group of financiers of coal-based projects worldwide. * Indian commercial banks’ large-scale investment in Big Infra has exposed the Indian people’s savings and personal investments to...
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India: Why are suicides among farmers on the increase? -Murali Krishnan
-Deutsche Welle/ The Telegraph Financial burdens caused by climate change and government polices have led to an rise in the number of suicides among agricultural workers, experts say. The Maharashtra state has suffered more than most New Delhi: In India, over 600 farmers in the region of Marathwada, Maharashtra state, have died from suicide this year, according to official figures, with a majority of deaths blamed on rains that damaged thousands of...
More »Daily wage earners, self-employed persons accounted for every fourth suicide in 2021: NCRB data
-National Herald In 2020 as well, as per the data, daily wage earners accounted for the highest share of people who died by suicide, with 37,666 such cases recorded, which came to 24.6 per cent of the total figure Over 26 percent of the people who died by suicide in 2021 were either daily wage earner or those working as ‘self-employed persons’, says a report released by the National Crime Records Bureau...
More »TB nutrition aid falls short -Taran Deol
-Down to Earth Hurdles in availing Financial support under Nikshay Poshan Yojana will exacerbate India’s tuberculosis crisis Only two-thirds of people living with tuberculosis benefitted from the Union government’s sole nutrition support scheme last year, highlighting bottlenecks in the fight against a major public health concern. The Nikshay Poshan Yojana entitles every tuberculosis (TB) patient, seeking treatment in either the public or private sector, to a direct benefit transfer (DBT) of Rs 500...
More »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...
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