-Livemint.com The gross bad loan ratio of Banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian Banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of Banks which...
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Dialogues for democracy, lessons from Rajasthan -Sakina Dhorajiwala, Puma Chandra Kishan and Rajendran Narayanan
-The Hindu Federalism and good governance need engagement between people and officials, as the MGNREGA programme shows It is 45 days and counting since lakhs of farmers have gathered in Delhi protesting against the farm laws. Leaving aside the merits and demerits of the laws, many are aggrieved about the process of promulgation of the laws as it lacked any consultation with those that the laws are purportedly meant to serve. Very often,...
More »Govt should next focus on well-being of the child from womb to first five years -Abhishek Anand , Vikas Dimble and Arvind Subramanian
-The Indian Express India continues to be successful in preventing child deaths, but the health and nutrition of the surviving, living child has deteriorated, somewhat worryingly. The recently released fifth round of the National Family Health Survey (NFHS-5) provides new and reliable evidence to assess some dimensions of micro-development performance before COVID struck. The survey covers health, nutrition (of mother and child) and the overall quality of lives. In a recent piece on...
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 »The pandemic will leave India with worse inequality -Rahul Jacob
-Livemint.com A failure to protect incomes could widen the gap between have-nots and haves and thus hurt growth When the facts change, I change my mind," John Maynard Keynes is believed to have said almost a century ago. Responding to the economic after-shocks of the covid pandemic, governments and central Banks have been living by this maxim. In the UK and US, supposedly fiscally conservative governments have spent with abandon to prop...
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