-The Indian Express As the problem of non-performing assets persists in a sector stressed by the pandemic, the RBI Governor has agreed to look at a proposal for creating a bad bank. What are the arguments for and against the concept? Mumbai, New Delhi: The idea of setting up a bad bank to resolve the growing problem of non-performing assets (NPAs), or loans on which borrowers have defaulted, is back on the...
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The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida
-The Indian Express The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms...
More »Govt must give ASHAs, Anganwadi volunteers rights, benefits due as workers -Neetha N
-The Indian Express Recognition of care work in the public sphere could also help in unsettling the gendered and unequal division of house work and unpaid care burden. COVID-19 has given visibility to Accredited Social Health Activists (ASHA) and Anganwadi workers — women “volunteers” attached to a government scheme or employed on a mission mode — who are frontline warriors in the battle against the pandemic. In India, there are about a...
More »India's real GDP to expand by 10.1% in FY2022: Icra
-Livemint.com/ PTI Icra expects the headline CPI inflation to decline to 4.6% in FY2022 from 6.4% in FY2021, while exceeding the mid-point of the Monetary Policy Committee's medium target of 4%, for the third consecutive year MUMBAI: Domestic rating agency Icra Ratings on Monday said it expects the country's real gross domestic product (GDP) to grow by 10.1% in FY2022. It, however, said the value of GDP in the next financial year will...
More »Don’t laugh at US so soon, it has survived its populist moment far better than rest of us -Mihir Sharma
-ThePrint.in In comparison to countries such as Russia, Turkey, Hungary, India, American institutions (media and judiciary) have demonstrated theiR Value and resilience In much of the world, the sight of a mob storming the United States Capitol to keep their leader in office was met not just with horror but with, let’s face it, schadenfreude. Finally! The U.S., which has for decades lectured other democracies about their imperfections and failures, had an...
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