-The Indian Express The Mudra Yojana was launched in April 2015 to provide funding to the non-corporate small business sector through various financial institutions like banks, NBFCs and Micro Finance Institutions (MFIs). The government’s constant refrain has been that its flagship Mudra scheme is an engine for entrepreneurship and employment. A survey by the Labour Ministry, yet to be made public, offers a reality check: just one out of five beneficiaries...
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The problem of skilling India -Christophe Jaffrelot & Vihang Jumle
-The Indian Express India’s employment crisis calls for more government expenditure in education, adequate training. Prime Minister Narendra Modi, in his recent Independence Day speech, said, “We need to worry about population explosion”. These words stand in stark contrast to his previous references to India’s demographic dividend where the country’s population was seen as an asset. This shift reflects a new awareness, according to which demography brings a dividend only if...
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 »GDP shocker: India's position slips among world's fastest growing economies -Dipu Rai
-IndiaToday.in Data shows that consumption and investment demand are declining. Private final consumption expenditure grew by only 3.1 per cent (a 4.5-year low), while fixed capital formation grew by four per cent, 0.4 per cent less than the last quarter of the financial year 2019. Gross Domestic Product or GDP is a tool to measure and compare how good or bad countries are doing economically. Recent data of the FIRst quarter of...
More »RTI query: Are chief ministers drawing MP pension? Lok Sabha office says information is personal -Vishal Narayan
-The Telegraph An MP loses his entitlement to pension and perks if he is appointed the President, Vice-President or is re-elected to either House or gets employed in the government New Delhi: An RTI query seeking details on allowances and pensions to former MPs who are chief ministers has resulted in a strange reply. The information, the Lok Sabha secretariat has informed, was "personal", so details would not be shared. According to the...
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