-The Telegraph Centre’s revised policy has more than doubled the population of potential beneficiaries without immediate provisions for the extra doses needed India is likely to face extreme shortages of Covid-19 vaccines if all adults eligible for vaccination begin queuing up for the jabs from May 1, health and industry experts have said. The Centre’s revised vaccination policy has more than doubled the population of potential vaccine beneficiaries without immediate provisions for the...
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ADB sees India grow by 11%, adds caveat
-The Hindu Lender sees ‘considerable downside risk’ from latest COVID wave, says may revise forecast in July The Asian Development Bank has raised its forecast for India’s growth in 2021-22 to 11%, from 8% earlier, even as it warned that failure to control the resurgence of COVID-19 cases including April’s exponential jump poses a “considerable downside risk to the recovery”. ‘Targeted containment’ In its assessment based on end-March data, the ADB cited this year’s...
More »Collections at small finance banks feel the heat of covid -Gopika Gopakumar
-Livemint.com Localized lockdowns and rising covid cases among collection agents hamper loan recoveries Small finance banks are beginning to feel the heat of localized lockdowns and the advancing pandemic wave, as the virus spreads to India’s small towns and hinterland. However, they are better prepared this time, after last year’s severe setback. “The disease is spreading much faster, especially in smaller towns. Rural customers are, however, less impacted. There have been some delays...
More »India’s WPI inflation rises to over 8-year high of 7.39% in March
-The Indian Express India WPI March 2021: The wholesale price index (WPI) grew 4.17 per cent during the month of February and it rose to 2.51 per cent in January, the data from the Ministry of Commerce & industry The wholesale inflation across the country rose over an 8-year high of 7.39 per cent in March, data released by the Ministry of Commerce & industry showed. The wholesale price index (WPI) grew 4.17...
More »Crisis looming in handloom sector -T Lakshmi Vaidehi and Abhiman Das
-The Hindu Business Line If the industry does not leverage technology and digital platforms, the fortunes of the weavers would only worsen Handlooms in India have a rich cultural heritage and are renowned the world over for their craftsmanship since ancient times. While the cultural significance of handlooms has been on the wane in recent times, they have not yet lost their special charm in the textile market, much like how a...
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