-ThePrint.in Study by Nobel laureate Abhijit Banerjee & other scholars from US, UK and Canada found that fresh produce vendors charge high mark-ups but fail to adopt competitive market practices. New Delhi: Anyone who has haggled with a thelewala or streetside vendor in India knows that they often apply big mark-ups on prices and make good margins. Yet, selling fruits and vegetables in India is generally associated with “peanuts” when it comes...
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Export curbs on wheat flour
-The Telegraph Decision to further restrict the export was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by PM Narendra Modi New Delhi: The Modi government on Thursday further restricted the export of wheat flour to curb rising prices as shipments have increased over 200 per cent during the April-July period compared with last year. The government in May had Banned the export of wheat. The decision to...
More »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 »Gujarat govt on plea challenging release of 11 convicts
-The Telegraph The plea in the apex court has been filed by CPI(M) leader Subhashini Ali, journalist Revathy Laul and activist Roop Rekha Rani The Supreme Court on Thursday sought responses from the Centre and the Gujarat government on a plea challenging the remission granted to 11 life convicts in the case of Bilkis Bano's gangrape and murder of her family members. A bench headed by Chief Justice N V Ramana issued notice...
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...
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