-Livemint.com * The govt will transfer more than ₹18,000 crores to over 9 crores beneficiary farmer families on 25 December * Under the PM-KISAN, a financial support of ₹6,000 per year is provided to all registered farmers across the country in three equal installments Prime Minister Narendra Modi will release the next instalment of finance benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) on 25 December via video conferencing, Prime Minister's Office said...
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The RBI’s ‘weighty’ food problem -Abhiman Das
-The Hindu Business Line The food articles’ high weight and their price volatility have reduced the efficacy of the central bank’s policy actions The flexible inflation targeting framework adopted by RBI in 2016 is considered a significant economic reform in India post 2000. Under this framework, maintaining a 4 per cent CPI headline inflation gets the highest priority in the hierarchy of monetary policy objectives. This rule based policy making renders monetary...
More »New Welfarism of Modi govt represents distinctive approach to redistribution and inclusion -Abhishek Anand , Vikas Dimble and Arvind Subramanian
-The Indian Express Traditional redistribution, which aims to deliver on intangibles like health and education, has ceded to a distinctive ‘New Welfarism’, where Centre is demonstrably providing tangible essentials to citizens The recently released fifth round of the National Family Health Survey (NFHS-5) provides reliable and independent evidence to assess micro-development performance under this government. The survey covers many dimensions of health, nutrition, and the overall quality of lives. Here we focus...
More »SBI, PNB, ICICI, HDFC among 8 top banks witnessing wilful defaults surge -Shayan Ghosh
-Livemint.com * SBI saw total wilful defaults rise by around ₹14,000 crore in the six months to September to ₹58,475 crore *ICICI Bank is the only outlier when seen on a standalone basis, with wilful defaults falling 0.2% Eight of India’s biggest banks have seen a significant jump in wilful defaults in the six months to September, with such loans rising by over ₹37,000 crore to ₹1.5 trillion, shows data on suit-filed accounts...
More »Maharashtra to give rations, aid to Mumbai sex workers during pandemic -Tabassum Barnagarwala
-The Indian Express Each sex worker will receive Rs 5,000 per month along with three kg of wheat and two kg of rice. Mumbai: To cope with the effects of the lockdown, the Maharashtra government has decided to give financial aid and 5-kg ration to 5,600 sex workers of Mumbai every month till the Covid-19 pandemic is over. But even as Maharashtra became the first state in October to issue a government resolution...
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