-NDTV Lenders have loosened purse strings, but some sectors are monopolising Bank loans. Hence the clamour for more credit Credit flow to industry, or the lack of it, has been a bone of contention between the Centre and the Reserve Bank of India (RBI). While RBI and its supporters assert that Bank lending is now growing at a brisk pace, the government and industry lobbies insist that the credit taps remain shut....
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Traders, MSMEs saw 3.5 mn job losses due to note Ban, GST, other factors -TE Narasimhan & Gireesh Babu
-Business Standard Among various solutions, AIMO pushed for the supply of raw materials such as steel and aluminium to MSMEs at a lower subsidised cost Chennai: The TMSME (Traders, micro, small and medium enterprises) sector has seen a loss of around 3.5 million jobs in the past 4.5 years, according to a survey conducted by the All India Manufacturers Organisation (AIMO). Demonetisation and the goods and services tax (GST) are the main...
More »Agrarian distress: Income support to farmers better option than loan waivers -Soumya Kanti Ghosh
-Financial Express Income support for farm households may be a worse solution than freeing up agri trade and marketing, but it should work much better than loan waivers. When the new MSP regime was implemented in July, one of the common fears in the market was that the hikes would stoke inflation fears. Four months down the line, not only does this fear seems to have subsided, but serious concerns are now...
More »Promising the moon, but will they deliver?
-Livemint.com Taking a cue from election results, political parties may announce more farm loan waivers but this will do little to fix the persistent distress in rural households The drubbing of the Narendra Modi-led Bharatiya Janata Party (BJP) in the state elections in Madhya Pradesh, Rajasthan and Chhattisgarh has proved beyond doubt that all isn’t well in India’s hinterland. An analysis of the poll results in these three states show that the...
More »Assembly elections results in MP, Rajasthan show upper castes still dominate heartland -Gilles Verniers
-Hindustan Times Data analysis of assembly elections results shows that Rajputs increased dominance in Madhya Pradesh and Rajasthan, Brahmins lost share; OBCs take up large chunk of BJP, Cong MLAs. Congress victories over the Bharatiya Janata Party (BJP) in the key Hindi belt states of Madhya Pradesh and Rajasthan are the biggest political upset since the 2014 Lok Sabha elections. A caste-wise breakup of newly elected MLAs shows that the change in...
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