-The Hindu Business Line MSMEs are using funds from the Emergency Credit Line Guarantee Scheme more to pay off earlier loans than as growth capital The Emergency Credit Line Guarantee Scheme (ECLGS) was one of the highlights of the economic package announced by the government in May, and it became operational on May 23. The scheme is basically a loan guarantee for all MSMEs which were operational as on February 29 with...
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Bihar alliance without a single elected Muslim -Nalin Verma
-The Telegraph The state's largest minority community has held key ministerial and other constitutional posts whether under the rule of Congress, Samyukta Socialist Party, Janata Party, Janata Dal or the RJD Patna: Bihar has for the FIRst time since Independence got a ruling coalition without a single MLA from its largest minority community. None of the four parties in the National Democratic Alliance — the BJP, Janata Dal United, Hindustani Awam Morcha Secular...
More »Akshaya Patra governance under lens as 4 high-profile trustees quit in 2020, NGO denies link -Rohini Swamy
-ThePrint.in 4 trustees are ex-Infosys chief financial officers Mohandas Pai and V. Balakrishnan, ChrysCapital co-founder Raj Kondur, and Abhay Jain, adviser to Manipal Education & Medical Group. Bengaluru: NGO Akshaya Patra Foundation (APF) has seen four high-profile trustees resign since February — three within the last month — amid speculation of misgivings within the organisation over governance issues. The four trustees are former Infosys chief financial officers Mohandas Pai and V. Balakrishnan, ChrysCapital...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Meet Vinod, the FIRst research scholar from Kerala’s Cholanaikkan tribal community -Saritha S Balan
-TheNewsMinute.com Vinod has recently enrolled for a PhD in Applied Economics at the Cochin University of Science and Technology (CUSAT). Vinod had only one pair of clothes when he joined Class 11. The authorities at the Indira Gandhi Memorial Model Residential School, Nilambur had asked students to come with four pairs of clothes to use at the hostel. Vinod thought of quitting studies. Not that his friends didn’t help by giving him...
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