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Public sector banks have ensured financial inclusion, finds a new empirical study

Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...

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Cereal inflation would be hard to tame amidst low rice acreage

Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...

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Plight of the small peasantry in Punjab is affecting their mental health, highlights field-based study

Door-to-door and village-to-village surveys carried out by researchers of the Department of Economics and Sociology, Punjab Agricultural University, Ludhiana detected a total of 9,291 suicides that were committed by farmers in six districts of Punjab during the period from 2000 to 2018. Situated in the Malwa region of Punjab, which is known for cotton farming and the prevalence of cancer among its population, Sangrur (2,506) witnessed the highest number of...

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Ailing NREGA: Additional Fund Allocation Uncertain, Activists to Protest Against Poor Implementation of Scheme -Rabindra Nath Sinha

-Newsclick.in The NREGA Sangharsh Morcha has called for a protest from August 2 to 4 against insufficient fund allocation, delay in wage disbursal, and other issues in implementing the employment scheme. Kolkata: Uncertainty looms over the Centre's decision on additional fund allocation to the MGNREGA programme before undertaking the traditional mid-term review at the end of August or early September. Contrary to official expectations, the dependence of rural households on jobs under...

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GST on Dairy Products a ‘Death Warrant’ for Small Farmers, Say Farmers’ Organisations -Ravi Kaushal

-Newsclick.in "The recent changes in GST will not benefit primary producers or consumers who are already reeling under high inflationary pressure," said Ashok Dhawale. Coming down heavily on introducing the Good and Services Taxes (GST) on dairy products, the farmers' organisations on Saturday said that it would prove to be a “death knell” for small dairies and farmers who have been barely managing the rising input costs.  Ashok Dhawale, President, All India Kisan...

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