-The Hindu Business Line Barring few cases, large haircuts of 70-90 per cent are continuing to hurt banks While the Centre’s decision to frontload capital infusion of Rs 70,000 crore into PSBs has boosted sentiment, unless there is quick resolution of large accounts under IBC, this may achieve little. What is of more concern, is the paltry amount that banks have been realising from the resolution of accounts under IBC. A look at...
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Slowdown may render 30 lakh MSME workers jobless: KASSIA
-The Hindu Karnataka has over 6,00,000 small industries that employ over 70 lakh people Bengaluru: If the Union government fails to come up with precautionary measures to minimise the impact of the economic slowdown on the MSME (Micro Small & Medium Enterprises) sector, at least 30 lakh people will go jobless in Karnataka, cautions industry apex body, KASSIA (Karnataka Small Scale Industries Association). “The recession is no more a fear, but a...
More »To become a just society, strike a balance between firm and fair law enforcement -Vipul Mudgal
-Hindustan Times A study shows glaring gaps in Indian policing — from unfilled quotas of SC/STs to a dip in women officers. The rule of law has two extremes: a failed State and a police State. A failed State loses control over law and order as its monopoly slips over the use of physical force. The latter commands complete control, but ends up abusing State machinery for repression. Both extremes suffer...
More »Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »Delayed monsoon, weak rural economy took toll on tractor sale
-The New Indian Express The industry has warned that this trend may continue if no stimulus is given to boost rural demand. Delayed monsoon, weak rural economy, tightened liquidity scenario, and the vicious cycle of droughts and floods have dragged down the demand for tractors, which is already witnessing slowdown since the start of this fiscal. The industry has warned that this trend may continue if no stimulus is given to boost...
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