-Financial Express Dr Rangarajan feels that perhaps we may end the year with GDP growth in the region of 7 or 8 per cent. The much awaited news on the second quarter Gross Domestic Product (GDP) numbers showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21, has come as a dampner. Economists now see serious challenges in India being able to hit the full year GDP...
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Indian farmers turn to black market for fertilisers as prices soar -Pratik Parija and Vrishti Beniwal
-ThePrint.in India is one of the worst affected by worldwide fertilizer crisis. Crop nutrients' prices soared as tight coal & natural gas supplies forced fertilizer plants in Europe to close. New Delhi: Indian farmers squeezed by a massive shortage of fertilizers are turning to the black market and paying exorbitant prices for supplies. The shortfall has led to a thriving market where subsidized crop nutrients are sold illegally at prices much higher than...
More »Big Defaulters: When RBI Declines To Reveal to Parliament Details of Written-off Loans of Big Corporates
-MoneyLife.in While lenders harass individual or small borrowers to the point of even releasing the borrowers’ photos to the press for publishing them, it appears that big corporate defaulters are bestowed with immunity from such humiliation. They are a protected species. In fact, Reserve Bank of India (RBI) even declined to reveal to the Lok Sabha the details of loans written off of major corporates. In a written reply, Dr Bhagwat Karad,...
More »Pradhan Mantri Garib Kalyan Yojana Extended Till March 2022, Says PM Modi
-ANI/ NDTV.com Earlier this year, the Centre approved further allocation of additional foodgrain to National Food Security Act (NFSA) beneficiaries under Pradhan Mantri Garib Kalyan Yojana (Phase IV) till November. New Delhi: Prime Minister Narendra Modi on Monday said that in a bid to bring relief to over 80 crore people during the COVID-19 pandemic, the government is running Pradhan Mantri Garib Kalyan Yojana to provide free grains and the scheme has...
More »India’s Government Health Expenditure as the Ratio to GDP Is It a Fallacy? -TR Dilip, Pratheeba J, and Sunil Nandraj
-Economic and Political Weekly The appropriateness of the criterion that pegs the ratio of public health expenditure to the gross domestic product—which is volatile—needs a re-examination. The targets for allocation and expenditure of financial resources for health need to be based on indicators that can be monitored. Please click here to access the article. ...
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