-The Indian Express Explaining the origins of the present economic situation, the Niti Aayog vice-chairman said: "The entire episode started with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014." The Centre’s policy think tank Niti Aayog stated Thursday that the prevalent slowdown in the country’s economy is due to the distrust amongst the private sector where the credit situation is stagnant. “Nobody is trusting anybody else… within the...
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15 ways to define India's slowdown -Vivek Kaul
-Livemint.com * An analysis of indicators that make up India's GDP reveals the extent to which the economy has slowed down * How does one explain the fact that home Loans are growing and so is the number of unsold homes? It may be that people are buying homes from investors, not builders The rain has stopped. You step out of home to run a few errands. On the way, you find ?500...
More »Solar pump scheme needs serious relook -Chandra Bhushan
-The Financial Express The Ministry of New and Renewable Energy (MNRE) recently rolled out a massive solar-pump programme called the PM-KUSUM scheme. The scheme has a target to set up 25,750 megawatts (MW) solar capacity by 2022 to power irrigation pumps, with central financial support of Rs 34,422 crore. It includes installation of 1.75 million off-grid and 1 million on-grid solar pumps as well as 10,000 MW of solar capacity in rural...
More »New Andhra Pradesh Cultivators Act Unlikely to Solve Tenant Farmers' Problems -G Ram Mohan
-TheWire.in Unless the state government has a system to ensure that landowners sign tenancy agreements, the new Act may not bring in any noteworthy changes. On July 25, soon after coming to power with an absolute majority, the Yuvajana Sramika Rythu Congress Party-led state government passed the Andhra Pradesh Crop Cultivators Rights Act, 2019. The promises made to farmers by the YSRCP in the run up to the polls had elicited great hope...
More »India's economy is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon
-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian economy is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for...
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