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Loans worth ₹37 trillion sanctioned to MSMEs in FY22, up 182% from FY20: Report

-Livemint.com From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the Average ticket size of MSME loans increased by 92%, the data on MSME loans showed. Total loan sanctioned to MSMEs stood at ₹37.29 trillion in FY22, an increase of roughly 5% over FY21 and 182% over FY20, as per a report by CRIF High Mark, a credit bureau. From ₹37.7 lakh in FY20 to ₹72.4 lakh in FY21-22, the Average ticket...

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India’s rivers are heating up due to climate change, shows study -Rohini Krishnamurthy

-Down to Earth Average river water temperatures may rise 7°C in summer by 2070-2100 Climate change may turn India’s rivers into hostile environments for aquatic life by 2070-2100, scientists warned in a new study.  River water temperatures may increase during the period and dissolved oxygen levels may decrease, the study published in Scientific Reports has predicted.  Under a high-emissions scenario, Average river water temperatures are expected to climb 7 degrees Celsius in summer, reaching...

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70 per cent of 10-year-olds in 'learning poverty', unable to read and understand a simple text

-Press release by UNICEF dated 23 June, 2022 COVID-19 worsens global learning crisis, risking $21 trillion in lifetime earnings WASHINGTON: As a result of the worst shock to education and learning in recorded history, learning poverty has increased by a third in low- and middle-income countries, with an estimated 70 per cent of 10-year-olds unable to understand a simple written text, according to a new report published today by the World Bank,...

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Monsoon has turned normal, IMD says. But it really hasn’t if you see regional variations -Simrin Sirur

-ThePrint.in While heavy rains have lashed parts of Assam and Meghalaya in the northeast, planting of rain-fed kharif crops has been delayed in Odisha, where the rain deficit is 39%. New Delhi: After a slow start, the four-month-long Southwest monsoon has finally turned normal, data from the India Meteorological Department (IMD) shows. Compared to a 42 per cent deficit in rainfall recorded on 8 June, the monsoon entered normal territory Tuesday at 98...

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MGNREGS hits record with 3.1 crore families seeking work in May. It’s a cry for help from Bharat -Sayantan Bera and Nikhil Rampal

-ThePrint.in From a record-breaking number of households demanding work under the MGNREGS to the stark decline in consumption and FMCG sales — all signs point to a rural livelihood crisis. New Delhi: Consider a job offer where day wages are less than both statutory minimum wages and market wages for unskilled workers. The work may last for about 10 days at a time, and payments may take more than two weeks, at...

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