-Hindustan Times The cost has been revised following recommendations by a review committee constituted last year that included representatives from the ministries of education, finance and labour, besides independent experts. The central government has increased the cost of cooking school midday meals by 9.6% from October 1 that will be valid for financial year 2022-23, the education ministry has told the state governments and union territories, which will offer some relief to...
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Uttar Pradesh govt cancels all doctors' leaves as Dengue cases rise -Manjiri Chitre
-Hindustan Times Between January and September this year, the state reported 2,103 dengue cases. The Uttar Pradesh government on Wednesday cancelled the leaves of all the doctors and paramedical staff in the state in view of the rising cases of dengue. Deputy chief minister Brajesh Pathak said that “all measures are being taken to avoid the spread”, reported news agency ANI. “Cases less as compared to last year. Beds are reserved in hospitals...
More »Indians Account for 80% of Those Who Became Poor Globally in 2020 Due to COVID-19: World Bank -Vikram Mukka
-TheWire.in In its latest report 'Poverty and Shared Prosperity 2022: Correcting the Course', the World Bank flagged concerns over how the lack of official data on poverty from India affects the world in drawing up global poverty estimates. New Delhi: A study by the World Bank has concluded that nearly 80% of people who slipped into poverty in 2020 due to the COVID-19 pandemic hailed from India. Out of 7 crore people...
More »CNG, piped cooking gas prices hiked by Rs 3
-PTI/ The Telegraph This is the 14th increase in price since March 7 The prices of CNG and cooking gas piped to household kitchens in the national capital on Saturday hiked by Rs 3 each in step with rise in input natural gas prices. The Rs 3 per kg increase in CNG price is the first hike in rates in over four months, while a Rs 3 per standard cubic metres increase in...
More »The low productivity trap of collateralised lending for MSMEs -Harsh Vardhan
-Ideas for India The share of bank credit extended to MSMEs increased dramatically during the pandemic. In this post, Harsh Vardhan discusses the the government guarantee of bank loans as a possible driver of this growth. He outlines the current policy of providing credit against collateral, and the constraints MSMEs face while borrowing– which leads to decreased investment and firm productivity. He argues that the learnings from the credit guarantee scheme...
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