-The Hindu Flags risks in MUDRA, Kisan credit card loans in his report to MPs’ panel New Delhi: Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card. MUDRA loans are offered under the Prime Minister Mudra Yojana or PMMY, launched in 2015 by the...

-The Hindu The former Chief Statistician on calculating GDP back series, on indicators of development, and the fall of the rupee The draft of the back series GDP data, which was made public by the government recently, is unlikely to change drastically even if other methods of calculation are used, says former Chief Statistician of India, Pronab Sen. The noted economist discusses GDP, employment and poverty data; the value of the rupee;...

-The Indian Express The government is looking at various data sources and has started releasing enrolment data for Employees Provident Fund Organisation (EPFO) as an indicator. As per latest data, 41.26 lakh enrollments were recorded in the EPFO database for Sept 2017-April 2018. The government is planning to launch enterprise-level area frame survey early next month for capturing employment generation in companies with less than ten workers. The results of the survey,...

-The Indian Express Only 21 per cent of India’s milk production gets processed through the organised sector and the rest passes through unorganised small players. And that’s where the crisis is most intense. Farmers, who had high expectations from the Narendra Modi government, are a disillusioned lot today. Market prices of several crops have remained well below their minimum support prices (MSPs). Moreover, milk prices have fallen by 20 per cent...

-TheWire.in Paschimbanga Griha Paricharika Samiti, a Kolkata-based workers' organisation was granted a trade union certificate from the state government. New Delhi: The exploitation and abuse of domestic workers has been prevalent in India for many years now. In addition to being overworked and underpaid, domestic workers are often ill-treated and in some cases, even physically attacked and sexually harassed. The efforts of Paschim Banga Griha Paricharika Samiti (PGPS-West Bengal Domestic Workers Society), a...