-Business Standard The six-month moratorium period comes to an end on August 31 The Reserve Bank is unlikely to extend the moratorium on repayment of bank loans beyond August 31 as an extension could impact the credit behaviour of borrowers without resolving the issues being faced by them following the outbreak of the Covid-19, sources said. The RBI had announced a moratorium on repayment of debt for six months beginning March 1, 2020...
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Government compromises on Pre-Legislative Consultation Policy (2014) and RTI Act to push forward mining reforms, allege civil society activists
--Press release by Mineral Inheritors Rights Association (MIRA) dated 27th August, 2020 The Ministry of Mines has put up a notice on 24th August, 2020 seeking public comments on substantial matters of reform of mineral laws, rules and regulations within a period of 10 days, i.e. 3rd September, 2020. The state governments have not yet been consulted and a 10-day period for the states to respond undermines the federal spirit of...
More »Soaring Pulses: Is the Spike in Retail Price of Moong in 2020 a Cause for Concern? -Aditya KS, Girish K. Jha and Praveen KV
-TheWire.in An increase in prices of pulses affects consumption and has ramifications for food and nutritional security. In April 2020, the retail prices of Moong and Urad increased by 25% and 11% compared to their five-year monthly average prices. Also, the retail prices of Moong in 2020 have consistently remained 25% more than the monthly five-year average prices for the period of March to July. An increase in prices of pulses affects consumption and...
More »Magnets for manufacturing -Sthanu R Nair
-The Hindu Devising State-specific industrialisation strategies in coordination with the Centre will improve manufacturing Many think that in the aftermath of the Pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons....
More »Consumption shock severe, economic recovery will take longer, poorest hit the hardest: RBI -George Mathew
-The Indian Express “Private consumption has lost its discretionary elements across the board, particularly transport services, hospitality, recreation and cultural activities,” the RBI said in its Annual Report for 2019-20. The Reserve Bank of India (RBI) Tuesday indicated that the economy which is expected to contract for the first time ever, will take “quite some time to mend and regain” the pre-Covid momentum, as the “shock to consumption is severe” and the...
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