Like the fight against poverty and hunger, the progress made by mankind against tuberculosis (TB) in the years up to 2019 has either slowed, stalled, or reversed, and global TB targets are off track due to the COVID-19 pandemic. Globally, although the reported number of people newly diagnosed with TB decreased from 7.1 million to 5.8 million between 2019 and 2020, the number went up to 6.4 million in 2021....
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Telangana gets recovery notice for taking up works not allowed under MGNREGS
-The Hindu Union Rural Development Ministry asks State government to return Rs.151.9 crore spent on construction of platforms for drying fish and grain, in the name of foodgrain storage yards The Union Rural Development Ministry has served a notice on the Telangana government asking it to return ₹151.9 crore spent under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) on construction of fish/grain drying platforms, which is not permitted under the...
More »RBI reluctant to hand out NBFC licence to fintechs -Hamsini Karthik
-The Hindu Business Line PhonePe - ZestMoney deal to set precedence for fintechs to explore backdoor entry into the lending business Despite three months of engagement and continued discussions with the banking regulator, fintechs may not have cracked the code yet to operate as non-bank lenders. Highly placed sources say the Reserve Bank of India is reluctant to issue non-bank finance company or NBFC licences to fintechs. PhonePe, Razorpay, BharatPe, Khatabook, OkCredit and...
More »The worrying trade gap with China -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line Policy deficit. The widening trade deficit with China points to a weakness in India’s industrial growth path It was headline news when Chinese customs statistics at the end of September 2022 indicated that for a second calendar year, India’s trade with China would settle at well above $100 billion. That was only partly because of the positive implications of burgeoning trade between the two countries that only two...
More »Government forms panel to look into MGNREGA’s efficacy -Sobhana K Nair
-The Hindu Poorer States like Uttar Pradesh, Bihar haven’t been able to use the scheme optimally to alleviate poverty, while economically better-off States like Kerala use it as an asset creation tool, say officials The Central government has constituted a committee to review the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme, especially to assess the programme’s efficacy as a poverty alleviation tool. The committee, headed by former...
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