Do you want a job that does not pay you at all? The answer will be surely 'no' for most of us. And yet, in our previous analysis, it was found that the proportion of 'helpers in household enterprises' among the total number of workers grew over various rounds of annual PLFS (Periodic Labour Force Survey), from 13.3 percent to 15.9 percent between PLFS 2018-19 and PLFS 2019-20, and then...
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The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan
-Ideas for India The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing– which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme...
More »World Bank cuts India’s GDP forecast to 6.5%, but there's some positive news too -Harshit Sabarwal
-Hindustan Times In its South Asia Economic Focus report released on Thursday, the World Bank said, “The spillovers from the Russia-Ukraine war and global monetary policy tightening will continue to weigh on India’s economic outlook.” The World Bank on Thursday downgraded India's GDP or gross domestic product to 6.5% for the fiscal year 2022-23 from an earlier estimate of 7.5%. In the previous year, the Indian economy grew by 8.7%. In its South...
More »Indian Fact-Checker Duo Among Choices For Nobel Peace: TIME Report - Samiran Mishra
-NDTV.com According to Time, the co-founders of fact-check site AltNews, Mohammed Zubair and Pratik Sinha, are among those who could be considered to win the Nobel Prize. New Delhi: Fact-checkers Mohammed Zubair and Pratik Sinha have been listed among popular choices to win the 2022 Nobel Peace Prize by Time magazine. According to Time, the co-founders of fact-check site AltNews, Mr Sinha and Mr Zubair, are among those who could be considered to...
More »Greener pastures: How Indian pastoralists are being aided to return to their traditional livelihood -Shagun
-Down to Earth Change is taking place in the way the Centre and state governments look at pastoralism; the belief that livestock management is done better in stable conditions is changing The opening up of India’s FIRst camel dairy at Nakhatrana taluka in Gujarat’s Kutch district in 2018 helped Mura Mangal resume pastoralism. “In 2006, we had some goats, but it was getting difficult to earn enough money. So I took up a...
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