-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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Curious case of Mudra loan failure and disconnect of BJP's election winning machine -Prabhash K Dutta
-IndiaToday.in Total value of Mudra Loans stood at Rs 5.57 lakh crore. Total number of employment generated from this amount stood at 1.12 crore. This means every single employment cost the government around Rs 5 lakh under Mudra Yojana. * PM Modi launched Mudra Yojana as a flagship job creation programme in 2015 * Recent reports say only 20 per cent Mudra Loans led to fresh employment * Mudra Yojana Survey by Labour Ministry...
More »Maharashtra gets just 4% of all Mudra Loans but generates most new jobs -Aanchal Magazine
-The Indian Express Maharashtra does not rank among the top five states in terms of Loans disbursed. It could garner just 4% share in the total Loans but generated the maximum additional jobs of 15%. Just five states, Tamil Nadu, Karnataka, Odisha, Bihar and West Bengal, account for about 70% of total Loans disbursed — by value — under the Mudra scheme during April 2015 to December 2017, according to the...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »'Population Explosion': The myth that refuses to go -Sarojini Nadimpally
-TheWire.in Even more dangerously, demographically driven population regulation measures, ignore women's rights over their own bodies. The spectre of population control has emerged to haunt us yet again. The Prime Minister of India, in his Independence Day speech on the August 15, expressed concern about “population explosion creating various problems for the coming generations” and complemented those who “follow the policy of the small family” as contributing to the development of...
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