-TheWire.in ASHA workers and other community healthcare workers have experienced extra working hours, loss of pay and social apathy during the pandemic. Walking into 2021, if there was one positive to be identified with the large-scale outbreak of a pandemic in 2020 in India, and the rest of the developing world, it would have been this: a primary focus given by most governments and their executive agencies to improve healthcare services and...
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RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital
-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...
More »COVID-19 pushed 119-124 million into poverty: World Bank updates estimates
-Down to Earth The number of pandemic-induced new poor is forecast to rise to 143-163 million in 2021 The novel coronavirus disease (COVID-19) pandemic, which forced economies around the world to lock down last year, may have increased global poverty by 119 million-124 million, according to updated estimates by World Bank. This includes the 31 million people who would have moved out of poverty (measured at the international poverty line of $1.90, or...
More »Will Supreme Court's Hearing on Farmer Protests Go the Shaheen Bagh Way? -Bishwajit Bhattacharyya
-TheWire.in The executive is shifting every contentious policy issue to the court. All eyes are now on the Supreme Court hearing on January 11, 2021. Agitating farmers did not move the apex court and are not happy about the hearing. The Centre seems happy. The agriculture minister’s loud statement voiced on January 8 tells it all. This typifies misgovernance. The executive is shifting every contentious policy issue to the court. Farmers surely want a...
More »Seven key takeaways from India’s latest GDP data -Udit Misra
-The Indian Express India’s GDP 2020-21: This year, India’s per capita GDP, per capita private consumption and the level of investments in the economy — all will fall to levels last seen in 2016-17 or earlier, reveals latest official GDP data. On Thursday, the Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE) for the current financial year. According to MoSPI, India’s gross domestic product (GDP) — the total...
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