In each of the last three years – from 2020 through 2022 – Indian banks lent more money to retail customers purchasing homes than they did to farmers. In fiscal year (FY)2021-22 commercial banks gaveRs. 17.54 lakh crore worth of housing loans, while agriculture and allied activities got Rs. 15.16 lakh crore. That is nearly 14 percent less. In FY 2021 and FY 2020 – one of which saw a...
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Joshimath sank 5.4cm in 12 days, ISRO satellite images show - Poulomi Ghosh
-Hindustan Times The National Remote Sensing Centre of the Indian Space Research Organisation has released satellite images of Joshimath, the Uttarakhand town gradually sinking because of land subsidence. It has revealed that a rapid subsidence of 5.4 centimeters has been recorded in 12 days between December 27, 2022 and January 8, 2023. The 12-day period of subsidence has been rapid, because between April 2022 and November 2022, Joshimath saw a slow...
More »PMO holds high-level meet on Joshimath land subsidence; Experts conduct study
-Hindustan Times The meeting came after Prime Minister Narendra Modi expressed concern over the Joshimath land subsidence issue and reviewed the situation with Uttarakhand chief minister Pushkar Singh Dhami The Prime Minister’s Office (PMO) has held a high-level review meeting on the land subsidence activities in Uttarakhand’s Joshimath and a team of central agencies and experts are assisting the state government to prepare short, medium and long-term remedial measures to deal with...
More »Explained: The millet mission -Sumeda
-The Hindu The year 2023 has been declared as the ‘International Year of Millet’ by the United Nations following India’s proposal. Why is India pushing the world to bring these nutri-cereals back to the dining table? The story so far: The Centre on Sunday kicked off the International Year of Millets, announcing a host of activities across the country to promote the cultivation and consumption of the ‘nutri-cereal’. Central ministries, State governments...
More »Despite insipid manufacturing show, India’s GDP to grow 7% this fiscal: NSO -Vikas Dhoot
-The Hindu With GDP estimated to have clocked a 9.7% uptick in the first six months, the advance estimate implies that growth will moderate to 4.5% in the second half. India’s real GDP is expected to grow 7% in 2022-23, slowing from 8.7% in FY22, as per the First Advance Estimates of National Income for the year released by the National Statistical Office (NSO) on Friday. With GDP estimated to have clocked a...
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