-TheWire.in Despite the fact that India's financial inclusion infrastructure has a complex mix of self-help groups and small private banks offering credit to the poor, it has failed to deliver during the pandemic. When the pandemic struck, policymakers and prominent economists across the world called for financial infrastructures to be strengthened. They argued this would support the efficient channeling of relief through cash transfers or cheap loans. India was no exception to...
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The state of India’s poor must be acknowledged -Seema Chishti
-The Hindu This is ‘abject poverty’, and if the economy is to be repaired, the number of the poor has to be meticulously counted The son of a corn merchant-turned sociologist, Charles Booth had little patience for Charles Dickens and others in his time, who used lyrical prose to describe the desperation of the poor in working class London. Booth was also angry, in 1885, over the claims made by F.D. Hyndman,...
More »How Covid-19 pandemic has put India’s children at risk of abuse, exploitation and marriage -Shreya Khaitan
-Scroll.in/ India Spend The country needs a nationwide campaign to protect its children from the economic and social consequences of lockdowns and loss of caregivers, say experts. A six-month-old who was touched inappropriately by her father while they were stuck at home during the Covid-19 lockdown. A 14-year-old who might not be able to go back to school as his father, the family’s only earning member, has died from the disease. Five...
More »Focus on COVID-19 estimated deaths -Chandrakant Lahariya
-The Hindu Mortality estimates, not officially reported deaths, have the potential to strengthen the pandemic response In India, even before the COVID-19 pandemic, around 85% of all deaths were registered and only one-fourth of the registered deaths were medically certified for the causes of death. There have been wide variations among States and within them, in rural and urban areas. Understanding the causes of death is essential for health sector planning and...
More »Rural term deposits fall for first time in eight years -Vivek Kaul
-Livemint.com As of 31 March, the total outstanding term deposits with banks in rural India contracted by 1.05% to ₹6.99 trillion from a year earlier Every three months, the Reserve Bank of India (RBI) declares region wise data for term deposits. As of 31 March, the total term deposits of commercial banks in India rose 8.42% to ₹86.4 trillion from a year earlier. Term deposits are money that depositors keep in a bank...
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