-Down to Earth More than half of population without access to banking lives in 7 developing countries: World Bank India is among seven countries home to half the world’s 1.4 billion adults without access to formal banking, a recent World Bank report has flagged. The report also noted that in Sub-Saharan Africa, young adults (ages 15–24) make up almost 40 per cent of those without access to banking. But in some European and...
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Millions Of Children Will Soon Need Aadhaar IDs To Access Their Right To A Nutritious Meal -Tapasya
-Article-14.com A union government decision to cut funding to states that do not ensure children and mothers getting free food have Aadhaar IDs could cause millions of poor families to lose key sources of nutrition. The move violates a Supreme Court order that no subsidy or service may be denied for want of an Aadhaar number. India’s national nutrition mission provides free food to 79 million children aged six months to...
More »What is the Financial position of the 5 states described as stressed by RBI? -Tina Edwin
-MoneyControl.com Bihar, Kerala, Punjab, Rajasthan and West Bengal could face a crisis if they fail to curb non-merit expenditure, the central bank has warned A study of fiscal parameters of states by the Reserve Bank of India (RBI) identified Bihar, Kerala, Punjab, Rajasthan and West Bengal as highly stressed due to their high debt levels, the quality of expenditure and the level of fiscal deficit. These states could face a crisis if...
More »India seeks new benchmark for farm subsidy at WTO -Banikinkar Pattanayak
-Financial Express The extent of asymmetry between the support extended by the developing and the developed countries was brought to the fore in an earlier paper jointed submitted by India, China and some others. India, along with 80-odd developing countries, has sought a revision of the over three-decade-old external reference prices of farm commodities that are used by the World Trade Organization (WTO) to calculate current domestic farm subsidies extended by developing...
More »Centre job fund whip on Bengal -Pranesh Sarkar
-The Telegraph Delhi asks state to recover funds spent on 100 days’ job scheme projects where malpractice was ‘found’ by the monitoring team Calcutta: The Centre has asked the Bengal government to recover funds spent on 100 days’ job scheme projects where malpractice was “found” by a national-level monitoring team while making it clear that release of more money under the MGNREGA for 2022-23 Financial year may depend on the state’s efforts...
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