-Livemint.com The former RBI governor, and Viral Acharya, a former RBI deputy governor questioned timing of the RBI panel's proposal at a time when 'India is still trying to learn the lessons from failures like IL&FS & Yes Bank' New Delhi: Raghuram Rajan and Viral Acharya on Monday criticised RBI Internal Working Group's recommendation to allow Indian corporate houses to set up banks as part of proposed changes to the banking sector. Raghuram...
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To understand the outbreak of zoonotic diseases, track human activities causing environmental changes, key message of UNEP-ILRI report
A report by the United Nations Environment Programme (UNEP) and International Livestock Research Institute (ILRI), which was released on July 6th (observed as World Zoonoses Day by research institutions and non-governmental organisations across the globe) this year, says that around 60 percent of known infectious diseases in humans are estimated to have an animal origin. Likewise, almost three-fourth of all new and emerging infectious diseases are zoonotic i.e. these diseases...
More »Sustained efforts required to reduce multidimensional poverty amidst the pandemic
Multidimensional poverty is about non-monetary poverty and is strongly associated with the challenges of achieving the Sustainable Development Goals (SDGs). Although previously defined only in monetary terms, poverty is now understood to include the lived reality of people’s experiences and the multiple deprivations they face. India’s multidimensional headcount ratio (H) i.e. the proportion or incidence of people (within a given population) who experience multiple deprivations has reduced from 55.1 percent to...
More »India’s GDP expected to contract by 9.6 per cent this fiscal: world bank
-PTI/ The Indian Express "India's GDP is expected to contract by 9.6 per cent in the fiscal year that started in March," the world bank said in the report released here. Washington: The world bank on Thursday said that India’s GDP is expected to contract by 9.6 per cent this fiscal which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic,...
More »Academics and CSOs from 87 countries call for an end to IMF's austerity drive so that countries can undertake fiscal measures for economic recovery
-Statement by over 500 organisations and academics from 87 countries against IMF's austerity drive, dated 6th October, 2020 More than 500 organisations and academics from 87 countries have issued a statement today calling on the International Monetary Fund (IMF) to stop promoting austerity and instead support policies that advance gender justice, reduce inequality, and put people and planet first. The IMF has already begun locking some countries into long term austerity-conditioned loans,...
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