-IndiaSpend.com Even as the rural employment programme provides low wages, it is a source of income and opportunity for women who have few other avenues of work in rural India and face barriers in migrating out of the village for work Rajsamand, Rajasthan: The year that Chanchal Kumari was born was the year of the drought in Rajasthan--2002. For two years, the state had a severe water shortage--no water for drinking or...
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Bank credit growth accelerates to 14.2% in June quarter
-PTI/ The Hindu RBI says credit growth has been broad-based, outpacing deposit growth Bank credit growth accelerated to 14.2% in the quarter ended June 2022 from 6% in the same period of the previous year, RBI data showed on Thursday. In the quarter ended March 2022, bank credit had expanded by 10.8%. The Reserve Bank of India (RBI) on Thursday released the 'Quarterly Statistics on Deposits and Credit of SCBs for June 2022'. This...
More »Damage overstated -Anamitra Anurag Danda
-The Telegraph Amplifying the capacity of mangroves as bio-shields against extreme events possibly helped Bengal tap into MGNREGA funds Within weeks of the Indian Ocean tsunami on December 26, 2004, I was watching video clips of the event at the Choto Mollakhali market in the Gosaba block of South 24 Parganas. One message that came through these video clips was that fewer lives were lost where there was coastal vegetation. This positively...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...
More »Expand food security coverage to benefit more needy persons, SC tells Centre
-The Hindu Bench asks Centre to re-determine NFSA coverage after considering population increase between 2011-2021 The Supreme Court has directed the Centre to increase coverage under the National Food Security Act (NFSA) so that “more and more needy persons and citizens get the benefit” under the 2013 law which entitles rural and urban poor to receive subsidised food grains under the Targeted Public Distribution System. The coverage under the NFSA is still as...
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