-The Times of India MUMBAI: The share of bank credit to micro and small enterprises (MSEs) has been shrinking since three years — from 5.9% in October 2015 to 4.5% in October 2018, data from the RBI show. While it is clear the sector is facing problems due to the double whammy of demonetisation and GST, it’s unclear whether MSEs are hit by liquidity issues or whether banks do not find them...
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Revised back-series GDP data poses a problem for SBI -- how did we really perform? -Mahua Venkatesh
-ThePrint.in SBI report says bank’s performance will have to be rewritten based on the new data and this can be contentious due to questions over credibility. New Delhi: The Narendra Modi government’s revised set of back-series GDP data, which slashed the average rate of growth during the UPA regime, pose “reconciliation problems regarding micro and macro data interpretation”, a State Bank of India (SBI) report said Thursday. A careful data interpretation will be...
More »Forex reserves fall most since 2011 -Kartik Goyal
-Livemint.com/ Bloomberg Foreign exchange reserves dropped by $5.14 billion in the seven days ended October 12, the biggest weekly decline since November 2011, as the RBI stepped up action to prop up the rupee Mumbai: India made the biggest dent in its foreign exchange reserves in seven years as the central bank stepped up action to prop up Asia’s worst-performing currency. Reserves dropped by $5.14 billion in the seven days ended October 12,...
More »The power of Kudumbashree -Brinda Karat
-The Hindu The Kerala model can be implemented across India with the same secular and gender-sensitive spirit Kumari died on September 1. She had contracted leptospirosis while doing relief work in Kerala after the floods, away from her own home which had not been affected. She was a health volunteer and prominent member of the Kudumbashree Mission in her panchayat in Ernakulum district. Kumari’s work and life symbolises the spirit of Kerala...
More »Despite 'reform', political parties are getting large anonymous donations -Ruhi Tewari
-ThePrint.in Data shows 99.9% of all electoral Bonds bought so far are worth Rs 10 lakh or 1 crore. These Bonds do not bear name of the donor. New Delhi: Electoral Bonds, brought in to make the system of political funding “more transparent”, seem to have further concentrated donations in the hands of corporates and other high net-worth donors, instead of democratising them. Nearly 100 per cent of the Bonds purchased so...
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